Québec, May 27, 2025. – In February 2025, Québec’s real gross domestic product (GDP) at basic prices was down 0.5% from the previous month, following a 0.5% increase in January. This was revealed in Produit intérieur brut par industrie au Québec, février 2025 released today by the Institut de la statistique du Québec.
Goods production down 1.5%
The output of goods industries was down 1.5% in February after growing 2.3% in January. The decline in February came from all goods-producing industry subsectors, particularly mining, quarrying, and oil and gas extraction (-7.9%), construction (-1.6%), and manufacturing (-0.6%).
Service output decreased by 0.2%
Output in the service industries decreased by 0.2% in February after edging down 0.1% in January. The main sectors that posted declines in February were wholesale trade (-1.9%), retail trade (-0.9%), accommodation and food services (-2.0%), and transportation and warehousing (-0.9%). On the other hand, finance and insurance was up 1.0%.
Cumulative total for the first two months of 2025: Québec’s real GDP up 1.8%
For the first two months of 2025, Québec’s real GDP was 1.8% higher than in the same months of 2024. The sectors that contributed the most to this increase are educational services (+6.3%), real estate and rental and leasing (+2.9%), health care and social assistance (+3.2%), utilities (+7.4%), finance and insurance (+3.1%), and retail trade (+2.9%). In contrast, the main sector that negatively impacted real GDP was manufacturing (-1.2%).
Canada’s real GDP at basic prices down 0.2% in February 2025
According to data published by Statistics Canada on April 30, 2025, Canada’s real GDP at basic prices was down 0.2% in February after a 0.4% increase in January. Output in the goods and service industries decreased by 0.6% and 0.1%, respectively. For the first two months of 2025, Canada’s real GDP was 1.9% higher than in the same months of 2024.
| Real gross domestic product by industry1 (percentage change) |
||||
|---|---|---|---|---|
| 2024 | 2025 | |||
| Annual change | Monthly change | Cumulative change2 | ||
| January | February | |||
| Québec | 1.3 | 0.5 | –0.5 | 1.8 |
| Canada | 1.6 | 0.4 | –0.2 | 1.9 |
|
1. Gross domestic product levels by industry are valued at basic prices in chained dollars (2017), seasonally adjusted and annualized. Sources |
||||
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 an essential source of information for all those wishing to learn more about Québec.