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

    Québec, May 24, 2023. – In February 2023, Québec’s real gross domestic product (GDP) at basic prices was little changed (0.0%) from the previous month, following a 0.1% increase in January. This was revealed in Produit intérieur brut par industrie au Québec, février 2023 released today by the Institut de la statistique du Québec.

    Production of goods up 0.1%

    Output in the goods-producing industries was up 0.1% in February, after a decrease of 0.2% in January. Manufacturing (+0.5%) and utilities (+1.7%) were up, whereas mining, quarrying, and oil and gas extraction (-2.0%) and agriculture, forestry, fishing and hunting (-0.6%) posted declines.

    The increase in manufacturing came from gains in the chemical manufacturing (+4.1%) and fabricated metal product manufacturing (+3.8%) subsectors. Furniture and related product manufacturing was down 8.7%. 

    Service output stable

    In February, output in the service industries was little changed (0.0%) after a 0.2% increase in January. Ten of the fifteen service sectors posted gains in February, with the main contribution coming from educational services (+0.6%). In contrast, wholesale trade posted a significant decline (-2.3%).

    Cumulative total for the first two months of 2023: Québec’s real GDP up 1.3%

    For the first two months of 2023, Québec’s real GDP was 1.3% higher than in the same months of 2022. The sectors that contributed the most to the GDP increase over this period were accommodation and food services (+32.8%), transportation and warehousing (+12.0%), professional, scientific and technical services (+4.9%), and public administration (+3.3%).

    Graphique montrant les données des 2 dernières années.

    Graphique montrant les données des 2 dernières années.

    Canada’s real GDP at basic prices up 0.1% in February 2023

    According to data published by Statistics Canada on April 28, 2023, Canada’s real GDP at basic prices was up by 0.1% in February from the previous month. Goods-producing industries and service-producing industries both increased by 0.1%.


    Real gross domestic product by industry1
    (percentage change)

      2022 2023
      Annual change Monthly change Cumulative change2
        January February  

    Québec 2.6 0.1 0.0 1.3
    Canada 3.6 0.6 0.1 2.8

    1. Gross domestic product levels by industry are valued at basic prices in chained dollars (2012), seasonnally adjusted and annualized.
    2. First two 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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