Montreal's economy is the second largest of all cities in Canada[1] and the first in Quebec.[2] Montreal is a centre of commerce, industry, technology, culture, finance, and world affairs. In 2022, Metropolitan Montreal was responsible for $233 Billion CDN of Quebec's $425 Billion CDN GDP,[3] with a population of 4.37 million people.[4] Montreal's economy, therefore, comprises approximately 54.8% of Quebec's overall GDP.
Montreal's unemployment rate increased to 6.3% in the fourth-quarter of 2023, compared to 5.7%, the three-month moving average in 2022.[5] In 2020, Montreal's per capita disposable income was $34,019 CDN,[6] marking an increase of 8.4% from 2019. This indicator measures the net income available for consumption of goods and services after current transfers and taxes have been subtracted. Per capita disposable income has increased throughout all of Quebec's administrative regions due to federal policy responses to the COVID-19 pandemic.[6]
- ^ Metropolitan Toronto 1st with $209 Billion US in 2005, Metropolitan Montreal 2nd with $120 Billion US also in 2005. [1]
- ^ In 2015, Metropolitan Montreal was responsible for $193 Billion US of Quebec's $370 Billion USD GDP
- ^ Government of Canada, Statistics Canada (2017-01-27). "Gross domestic product (GDP) at basic prices, by census metropolitan area (CMA)". www150.statcan.gc.ca. Retrieved 2023-11-14.
- ^ "Canada: population of Montréal 2022". Statista. Retrieved 2023-11-14.
- ^ Institut de la statistique du Québec (2023). "Monthly indicators: Employment and unemployment rates by administrative region".
- ^ a b Institut de la statistique du Québec (May 30, 2022). "Marked growth in per capita disposable income in Québec and its administrative regions in 2020".