Bulletin of prosperity: Quebec picks up even a C

QMI agency

Sunday, October 1, 2017 12:00

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Sunday, October 1, 2017 12:00

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MONTREAL | Quebec employers Council (CPQ) has just published the 7th edition of its Bulletin of the prosperity of Québec. The province has once again earned a C, the note it gets since the first Newsletter in 2010.

The purpose of this Bulletin is to compare the economic position of Quebec in matters of prosperity and wealth creation, compared to the three canadian provinces with the most populous (Ontario, Alberta and British Columbia), as well as the member countries of the OECD.

Among the 39 provinces and countries analysed, Quebec ranks in 22nd place.

The CPQ has measured 21 economic indicators to determine the overall grade of the Quebec. One of these indicators is the gross domestic product (GDP) per capita, which reached only 36 800 $ in Quebec. The province lags behind Ontario (44 $ 200) and Alberta (62 300 $), British Columbia (42 500 $) and the country (45 700 $).

The overall performance average in Quebec it is the note C, as in 2010.

“Few things have changed, if this is a slight improvement in the business environment and some indicators on the labour force”, one can read in the document.

Ontario, Alberta and British Columbia, respectively, have obtained the notes B, A and B for the indicator GDP per capita.

Other indicators show that Quebec is often less well off. The school dropout rate reached 9.1 %, which is the note D. while this figure is somewhat lower than in 2010 (10.6 per cent), it remains the highest of the other three provinces analyzed.

The payroll taxes paid by employers in Quebec remain the highest in the country (note D).

The Bulletin also shows that the tax levies in Quebec represent 37.6% of the GDP, which is significantly higher than the canadian average (31.9 per cent), the province gets a C.

Quebec is doing well in some categories, such as population with tertiary education (note A), the operating costs of a business (note A) or the number of patented inventions in Quebec (note B).