Beyond its status as an administrative hub, the Capitale-Nationale region represents the province’s 2nd greatest economic force and stands out in particular for its strong orientation towards services. While public administration—which accounts for 12% of jobs—remains one of the major regional employers, it is not the main industry. In fact, it is the finance/insurance and real estate services sector that generates the largest share (23%) of the economy.
The region brings together several industries at the forefront of innovation
Source: Ministère de l’Économie, de l’Innovation et de l’Énergie
An attractive consumer base
The Capitale-Nationale region stands out for its per capita income, the second highest in the province, after Montérégie and ahead of Montreal.
A closer look at the consumer habits of Québec City inhabitants
Sources: Institut de la statistique du Québec, Panorama des régions du Québec, 2022 edition / Vividata, Fall 2022, Québec franco, 14+ / Cible : RMR de Québec / * Furniture and home accessories
With its unique employment structure—characterized by the highest rate of public servants in Quebec—it is a market with greater stability. Thus, if there is a recession in 2023, the region should be spared more than the rest of the province. Already at the end of 2022, the real estate market stood out for its resilience, ranking above the provincial average.
Promising demographic prospects
Source: Québec International, Portrait de la Capitale Nationale et de ses MRC, November 2022
Mecca for international—and local—tourism
A world-class tourist destination, Québec City has moved closer to its pre-pandemic attendance levels of 2022. A craze that should continue well into 2023, despite the anticipated economic contraction.
Quebecers take their capital by storm
Sources: Réseau Veille Tourisme, Les intentions de voyage des québécois à l’été 2022, June 2022 / Le Soleil, Québec crée un «buzz» chez les touristes, December 2022
Québec City shines thanks to its unique heritage, but also thanks to the rich agenda of cultural and sports activities that it continues to attract to this day.
A renowned event offer throughout the seasons
Sources: Québec Vacances, Répertoire des évènements, ville de Québec / Ville de Québec, La reprise événementielle à Québec, une réussite sur toute la ligne, December 2022 / Bonjour Québec / Gestev