Québec, August 25, 2021. – In May 2021, Québec’s real gross domestic product (GDP) declined by 0.4% after little change (0.0%) in April. This was revealed in Produit intérieur brut par industrie au Québec, mai 2021 released today by the Institut de la statistique du Québec.
Goods production declined by 1.6%
Output in the goods industry was down 1.6% in May, after decreasing by 0.6% in April. The decline in May was mainly due to the mining, quarrying, and oil and gas extraction (-13.0%) and manufacturing (-1.5%) sectors.
The decrease in the manufacturing sector came primarily from machinery manufacturing (-11.0%), chemical manufacturing (-6.1%) and food manufacturing (-2.3%).
Service output rose 0.1%
In May, service-producing industries were up 0.1%, recording a fourth consecutive monthly increase. Health care and social assistance (+1.4%), public administration (+1.1%) and professional, scientific and technical services (+1.1%) were among the sectors that contributed the most to the growth in May. On the other hand, wholesale trade (-2.3%) and retail trade (-2.1%) posted significant declines.
Cumulative total for the first five months of 2021: Québec’s real GDP up 9.9%
For the first five months of 2021, Québec’s real GDP was 9.9% higher than in the same months in 2020. This strong growth must be interpreted in the context of the historic declines of March and April 2020.
Change in real GDP by industry in Québec
Source: Institut de la statistique du Québec, Direction des statistiques économiques.
Cumulative real GDP growth1 in Québec
1. GDP growth for the period from January to the reference month compared to the same period in the previous year. Cumulative growth for December represents GDP growth for the year.
Source: Institut de la statistique du Québec, Direction des statistiques économiques.
Canada’s real GDP at basic prices down 0.3% in May 2021
According to data published by Statistics Canada on July 30, 2021, Canada’s real GDP at basic prices was down 0.3% in May 2021. Goods-producing industries declined by 0.4%, and service-producing industries, by 0.2%. For the first five months of 2021, Canada’s real GDP was 6.8% higher than in the same months of 2020.
Real gross domestic product by industry1
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| 2020 | 2021 | ||||
| Annual change | Monthly change | Cumulative change2 | |||
| April | May | ||||
| Québec | -5.3 | 0.0 | -0.4 | 9.9 | |
| Canada | -5.2 | -0.5 | -0.3 | 6.8 | |
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1. Gross domestic product levels by industry are valued at basic prices in chained dollars (2012), seasonally adjusted and annualized. |
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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.