The Waterloo Region is economically diverse, increasingly focused on exporting and is globally-oriented. Industry leaders such as Toyota, Rimowa, BlackBerry, COM DEV, Christie Digital, OpenText, Desire2Learn, AGFA, SAP and Google have a strong presence in this region as it offers access to markets, highly educated workforce, urban flair and a high standard of living.
- $22.1 billion GDP, with a 3.9% increase from 2011 to 2012.
- One of Canada’s most manufacturing-intensive economies; approx. 20% of employed population (2012).
- Major economic sectors: Information & Communications Technology, Automotive, Advanced Manufacturing, Business and Financial Services.
- Emerging economic sectors: Health Sciences, Environmental, Nanotechnology, Pharmaceutical, Renewable Energy, Food and Beverage.
- Waterloo Region has a $30 billion tech industry.
- Over 150 research institutes and more than 4 times the national of patents per million.
- Major export markets include the United States, the United Kingdom, China, Germany and Japan. Major sources of foreign investment include the United States, Netherlands, Germany, U.K., France and Japan.
- Canada’s 10th and Ontario’s 4th largest urban population (2013).
- One of Canada’s fastest growing communities, with a population of 507,096 people that is expected to reach 742,000 people by 2031.
- Skilled and talented workforce of 296,700 (2012).
- 79,000 post-secondary students, including 20,500 co-operative education students.
- Annual unemployment rate of 7.0% (June 2013).
- A community where 80% of people live less than 30 minutes from work.
- A multicultural community attracting new people from around the world – more than 23% of the population are immigrants (2013).
- Personal income Per Capita $39,173 (2012).