Disposable income per capita: an increasing index in the Islands as in Quebec

Per capita disposable income increased by about 8% in the territory of the Communauté maritime des Îles between 2019 and 2020, according to preliminary data released by the Institut de la statistique du Québec.

This represents an increase equivalent to that of the Quebec average.

The archipelago is also in 14th position among all the MRCs of Quebec, and is at the head of the pack in the Gaspésie-Îles-de-la-Madeleine region.

Over the past decade, per capita disposable income in the Magdalen Islands has increased by 56%, from $22,345 in 2010 to $35,870 in 2020.

By comparison, the increase was almost 39% for the province as a whole for the same period.

This index is calculated on the basis of the per capita sum of all the income of the territory’s residents, plus or minus the money transferred from the institutional and public sectors.

It is therefore the amount of money that the average person is expected to have available for consumption of goods and services and for savings.