Québec ranked 32nd worldwide for GDP per capita

Québec, December 8, 2016 – Québec ranked 32nd worldwide for gross domestic product (GDP) per capita in 2015. This is one of the findings from the updated “International Comparisons” section of the Institut de la statistique du Québec website. This ranking was established by comparing about 60 indicators for Québec with those of 250 countries and territories.

Québec’s GDP per capita in 2015, measured in terms of purchasing power parity (PPP) with the US dollar, was US $36,946 PPP. Among the 193 countries for which recent data are available, Québec was ranked 32nd in 2015, ahead of New Zealand (US $36,780 PPP), Italy (US $35,941 PPP), Israel (US $35,436 PPP), the Republic of Korea (US $34,549 PPP) and in 37th place, Spain (US $34,521 PPP). Just ahead of Québec are Japan (US $37,372 PPP), Oman (US $38,234 PPP), France (US $39,813 PPP), Finland (US $40,990 PPP) and the United Kingdom (US $41,351 PPP), which was in 27th place. Canada (US $44,379 PPP) was ranked 25th, and the United States (US $56,066 PPP) 12th. The three top positions were Qatar (US $144,957 PPP), Macau (US $111,228 PPP) and Luxembourg (US $102,101 PPP).

See the “Comparaisons économiques internationales” section of the Institut website for more data on GDP per capita and other economic indicators covering several topics (land mass, population, labour force, consumer prices, exchange rates, gross domestic product, GDP by expenditure, foreign investments and the trade of goods with Québec).

GDP measures the total production of goods and services produced by an economy over a given year. Purchasing power parity is the exchange rate that eliminates the price differentials among countries when a comparison using the US dollar is made. Without any purchasing power parity data exclusive to Québec, the purchasing power parity for Canada as a whole was applied to the province of Québec.

The international economic comparisons are compiled and calculated by the Institut, mainly with data from the United Nations, specialized UN organizations, the Organisation for Economic Co-operation and Development, federal American statistical agencies, Statistics Canada and the Institut itself. The inherent flaws in international data comparability requires greater prudence during analysis.

 


The Institut de la statistique du Québec produces, analyzes and disseminates official, objective and quality statistical information on various aspects of Québec society. It is responsible for carrying out all statistical surveys of general interest. The relevance of its work makes it a strategic ally for decision makers and all those wishing to learn more about Québec.

Sources:

  • Jean-Pierre Barrette
    Economist
    Phone: 418 691-2411, Ext. 3206
  • Information and Documentation Centre
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