The impact of oil and gas on Quebec's economy 2023
21 January 2023
In this CEC Fact Sheet, we examine the direct impact that the oil and gas sector has on Quebec’s economy in terms Quebec also plays an integral part in the trade and of jobs, labour income, GDP, output, and exports, and transportation of oil and gas. [...] - 3 - The impact of oil and gas (and Alberta) on Quebec’s economy Between 2007 and 2019, value of Quebec’s exports to Alberta was almost $114 billion Between 2007 and 2019, Quebec exported nearly $114 billion worth of goods and services to Alberta, ranging from the relatively little $100 million in education services to the greater $8.8 billion in professional services to $16.4 billion in finance. [...] - 5 - The impact of oil and gas (and Alberta) on Quebec’s economy Conclusion The oil and gas sector has a significant direct and indirect The oil and gas sector also provides substantial economic impact on Quebec’s export sectors, as does the purchase benefits to Quebec in terms of jobs, GDP, and output. [...] Definitions The oil and gas sector is defined as the sum of oil and gas extraction and oil deliveries by domestic industries to satisfy capital expenditures by the oil and gas investment. [...] This subsector includes the production of in terms of GDP, output, and jobs through the oil and gas sector supply oil, the mining and extraction of oil from oil shale and oil sands, and the chain, including other key sectors of an economy—in the case of this paper, production of gas and hydrocarbon liquids through gasification.