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    Québec’s real GDP at basic prices stable in July 2023

    Québec, October 24, 2023. – In July 2023, Québec’s real gross domestic product (GDP) at basic prices remained relatively stable (0.0%) compared with the previous month, for the second month in a row. This was revealed in Produit intérieur brut par industrie au Québec, juillet 2023 released today by the Institut de la statistique du Québec.

    Goods output declined by 0.7%

    For the fifth consecutive month, the output of goods-producing industries decreased (-0.7% in July and -0.1% in June). The decline in July came mainly from the utilities sector (-4.8%). Output was also down in manufacturing (-0.4%) and construction
    (-0.5%). In contrast, agriculture, forestry, fishing and hunting posted an increase (+2.3%).

    The decrease observed in the manufacturing sector was due in part to declines in metallic product manufacturing (-5.4%) and plastics and rubber products manufacturing (-5.5%).

    Service production up 0.2%

    In July, output in the service industries was up 0.2% after a 0.1% increase in June. The growth in July was primarily due to the wholesale trade sector (+1.4%). Output was also up in retail trade (+0.8%) and finance and insurance (+0.5%).

    Cumulative total for the first seven months of 2023: Québec’s real GDP up 0.5%

    For the first seven months of 2023, Québec’s real GDP was 0.5% higher than in the same months of 2022. The sectors that contributed the most to this increase are public administration (+3.3%), accommodation and food services (+12.5%), professional, scientific and technical services (+3.3%), and transportation and warehousing (+6.1%).

    Cumulative real GDP growth in Québec


    Changes in real GDP by industry in Québec

    Canada’s real GDP at basic prices stable in July 2023

    According to data published by Statistics Canada on September 29, 2023, Canada’s real GDP at basic prices remained largely unchanged (0.0%) compared with the previous month. Goods-producing industries decreased by 0.3%, while service-producing industries grew by 0.1%.

    Real gross domestic product by industry1
    (percentage change)

      2022 2023
      Annual change Monthly change Cumulative change2
        June   July

    Québec 2.6  0.0   0.0 0.5
    Canada 3.6 – 0.2   0.0 1.9

    1. Gross domestic product levels by industry are valued at basic prices in chained dollars (2012), seasonally adjusted and annualized.
    2. First seven months of 2023 compared with the same months of 2022.

    Institut de la statistique du Québec and Statistics Canada.

    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.

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