Notice of release
Québec, October 25, 2023. – Québec’s gross domestic product (GDP) at basic prices in current dollars was slightly over $468.9 billion in 2021, up 11.5% from 2020. This strong increase was mainly due to weak economic activity in 2020. In 2021, all of Québec’s administrative regions saw their GDP increase. This was revealed in Produit intérieur brut régional par industrie au Québec, édition 2023 released today by the Institut de la statistique du Québec.
GDP up significantly in certain regions
At the regional level, the highest growth rates were observed in the regions of Côte-Nord, Estrie, and Saguenay–Lac-Saint-Jean. However, the regions of Montréal, Montérégie, Capitale-Nationale and Laurentides were behind nearly 60% of the province’s economic growth.
All Québec CMAs posted growth
In 2021, the census metropolitan area (CMA) with the highest growth rate was the Saguenay CMA (+15.1%). It was followed by the Sherbrooke CMA (+13.0%). However, it was the Montréal CMA (+10.5%) that contributed the most to economic growth in Québec, as it accounted for more than 50% of the province’s GDP increase.
The publication contains information, tables and graphs for each administrative region and CMA. Tables are also available on the ISQ’s website.
The Institut de la statistique du Québec produces, analyzes and disseminates official, objective and quality statistical information on various aspects of Québec society. It is responsible for conducting all statistical surveys of general interest. The relevance of its work makes it a strategic ally for decision makers and all those wishing to learn more about Québec.