18 Facts About the Quebec Economy You Wont Get from The Globe

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18 Facts About the Quebec EconomyYou Wont Get
from The GlobeMail

• Présentation au Forum diplomatique
• Québec, 16 décembre 2008 fortin.pierre_at_uqam.ca

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• Niveau de vie
• Standard of Living

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Fact No. 1 Worlwide, we would be No. 26

• Luxembourg 189 Qatar 85 Japan 75
• Ireland 103 Austria 84 France 74
• Norway 103 Finland 82 Israel 73
• USA 100 UK 82 Germany 73
• Iceland 93 Belgium 80 Italy 72
• Hong Kong 90 Sweden 80 Québec 72
• Switzerland 90 UA Emirates 79 Taiwan 71
• Netherlands 85 Singapore 77 Cyprus 69
• Denmark 85 Australia 76 Spain 65
• Canada(wQ) 85 Greece 76 New Zealand 60
• Source Basic data is for income per capita in
  2006 USD with PPP, from the IMF. Basis US 100.

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Fact No. 2 Along with all other non-oil Canadian
provinces, were doing poorly among North
American states

• Rank in real income per capita among the 60 North
  American states and provinces, 2006
• Alberta 3 Manitoba 53
• Newfoundland 20 Québec 55
• Saskatchewan 31 New Brunswick 57
• Ontario 51 Nova Scotia 59
• British Columbia 52 PEI 60
• Source Statcan US Dept. of Commerce.

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Fact No. 3 Were catching up with Ontario
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Income per capita has 3 sources

• Income per capita
• Employment rate
• x
• Hours worked per employed person
• x
• Value of production per hour worked

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• Emploi
• Employment

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Fact No. 4 Weve got richer by putting more of
our people to work
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Fact No. 5 Our unemployment rate is at an
all-time low relative to Ontarios
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Five reasons why our employment rate has done well

• 1) The educational revolution
• 2) The rapid increase in womens participation in
  the labour force
• 3) Industrial relations have been peaceful
• 4) The North American Free Trade Agreement
• 5) Employment-friendly social policies

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Fact No. 6 Our younger generations have a
competitive level of schooling

• Number of years of schooling completed by the
  25-29 population, 1961 and 2006
• Region/group 1961 2006
• Québec 10,0 15,2
• USA (Blacks) 10,8 13,2
• Ontario 11,8 15,3
• USA (Whites) 12,6 14,1
• Sources Statcan US Census Bureau.

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Fact No. 7 Quebec youth are not doing bad in
maths at all by world standards
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Fact No. 8 There are now 92 women for 100 men in
the employed population
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Fact No. 9 In industrial relations,the years of
turbulence are behind us
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Fact No. 10 Since 1992, our international trade
has shot up to 35 of GDP
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Fact No. 11 Our social policieshave been
employment-friendly

• ? Minimum wage 47 of average wage
• ? Universal 7-dollar-a-day day care policy
• ? Pay equity policy for women
• ? Parental insurance program
• ? Earned income tax credit
• ? Child support and drug insurance not linked to
  social assistance benefits anymore

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• Heures travaillées
• Hours worked

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Fact No. 12 We work more hours than Western
Europeans, but enjoy more free time than other
North Americans
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• Productivité
• Productivity

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Fact No.13 On productivity, though, we still
have a long way to go
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Fact No. 14 Our future prosperity will come from
productivity, not employment
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• Pauvreté
• Poverty

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Fact No. 15 While still too high, our poverty
rate is at an all-time low
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Fact No. 16 The 20 poorest families are 15
less poor in Québec than Ontario

• Average annual income after taxes and transfers
  of 20 poorest families in Québec and Ontario,
  2006 (in current PPP CAD)
• Province Income
• Ontario 15,200
• Québec 17,600
• Source Statcan.

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• Inégalités
• Inequality

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Fact No. 17 In North America, economic
inequality is least in Québec

• Index of overall inequality of household
• after-tax income in some countries and regions in
  2004 (Gini coefficient)
• USA 0,37
• CA(wQ) 0,32
• Québec 0,30
• Sweden 0,25
• Sources Calculated from Luxembourg Income Study.

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Fact No. 18 The share of income going to the 1
richest people is smallest in Québec

• Share of national income going to the 1 richest
  taxpayers in Québec, Canada
• and the United States in 2000
• USA 20
• CA(wQ) 13
• Québec 7
• Sources Calculated from Thomas Piketty, Emmanuel
  Saez, Michael Veall.

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• Défis
• Challenges

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Nine challenges

• ? Maintain full employment and price stability
• ? Step up our investment in people
• ? Support innovation and business investment
• ? Increase competitive pressure on business
• ? Repair our run-down infrastructures
• ? Protect/promote our language and culture
• ? Respond to the demographic challenge
• ? Keep fighting poverty and undue inequality
• ? Do our share for the environment

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Mot de la fin

•  Si on veut avoir une économie forte, cest
  justement afin de pouvoir cesser de parler
  déconomie et de pouvoir sadonner aux activités
  qui font que la vie est humaine passer du temps
  en famille et avec les amis, pratiquer les
  sports, lire, étudier, sortir, voyager, aller au
  spectacle, sentraider 
• Rapport du GTIE, p. xxiv
• (www.gtie.gouv.qc.ca)