Investments expected to increase in 16 of Québec’s administrative regions in 2022
Québec, July 27, 2022. – Non-residential tangible capital expenditures are expected to be up in 2022 in 16 of Québec’s 17 administrative regions compared with 2021. This was revealed in Investissements privés et publics, Québec et ses régions released today by the Institut de la statistique du Québec.
Annual change in non-residential tangible capital expenditure intentions, all of Québec and administrative regions, 2022
Sources: Institut de la statistique du Québec, Statistics Canada, Ministère des Affaires municipales et de l’Habitation, Commission de la construction du Québec, Fisheries and Oceans Canada, and Ministère de la Santé et des Services sociaux. Adapted by the Institut de la statistique du Québec.
Strong increases expected in several Québec regions
In 2022, seven administrative regions should experience annual growth rates higher than the provincial average in terms of their non-residential tangible capital expenditures: Nord-du-Québec (+38.4%), Chaudière-Appalaches (+26.2%), Capitale-Nationale (+22.4%), Estrie (+19.3%), Outaouais (+14.7%), Abitibi-Témiscamingue (+12.7%), and Centre-du-Québec (+12.2%).
Foreign and Canadian investments up
In Québec, majority foreign-controlled private businesses are expected to spend nearly $5.0 billion in non-residential tangible capital expenditures in 2022, a 3.2% increase from 2021. This growth should come in particular from the Saguenay-Lac-Saint-Jean and Capitale-Nationale regions. Seven other regions are also expected to see increases in spending, and five regions should experience decreases. The Laurentides region is expected to have the sharpest decline (-38.2%).
Still in 2022, the non-residential tangible capital expenditures of Canadian-controlled private businesses (including those in Québec) should total $20.6 billion, a 9.8% increase. These expenditures are expected to grow by 40.7% in Abitibi-Témiscamingue and by 20.8% in Estrie.
Capital expenditures or investments
Expenditures made to acquire new durable assets that provide an economic benefit to the owner. They can be broken down as follows: tangible assets (buildings, engineering work, equipment and tools), intangible assets (software, research and development, oil, gas and mineral exploration, etc.) and financial assets (shares, bonds, loans, receivables, etc.). They exclude the purchase of land, existing buildings, and second-hand equipment or tools (unless they have been imported).
You can view more data on investment for the province as a whole, administrative regions and census metropolitan areas (CMAs) on the Institut’s website.
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