Québec, April 27, 2021. – Québec’s real gross domestic product (GDP) at basic prices was up 0.1% in January 2021, following a 0.3% increase in December 2020. This was revealed in Produit intérieur brut par industrie au Québec, janvier 2021 published today by the Institut de la statistique du Québec.
As a result, the GDP level in January 2021 was about 98% of the level in February 2020.
Production of goods up 1.7%
Goods-producing industries grew 1.7% in January, after increasing 1.2% in December. The increase in goods production in January came mainly from the construction sector (+4.2%). Output was also up in manufacturing (+0.8%) and mining, quarrying, and oil and gas extraction (+4.0%).
Manufacturing growth was mainly due to the following subsectors: machinery manufacturing (+7.7%), primary metal manufacturing (+6.3%), plastics and rubber products manufacturing (+6.7%), and transportation equipment manufacturing (+2.6%). However, chemical manufacturing declined by 10.0%.
Service production down 0.5%
Service-producing industries decreased by 0.5% in January. The drop came mainly from retail trade (-10.0%). In contrast, wholesale trade (+3.6%), public administration (+1.0%) and health care and social assistance (+0.7%) registered increases.
January 2021 versus January 2020: Québec’s real GDP down 2.7%
In January 2021, Québec’s real GDP was 2.7% lower than in January 2020. The sectors that contributed the most to the drop in GDP over this period were accommodation and food services (-47.3%), transportation and warehousing (-18.4%), manufacturing (-5.2%), retail trade (-9.0%), arts, entertainment and recreation (-47.2%), and educational services (-6.0%).
Changes 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 up 0.7% in January 2021
According to data published by Statistics Canada on March 31, 2021, Canada’s real GDP at basic prices grew 0.7% in January 2021. Goods-producing industries and service-producing industries rose by 1.5% and 0.4%, respectively. In January 2021, Canada’s real GDP was 2.3% lower than in the same month in 2020.
Real gross domestic product by industry1
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| 2019 | 2020 | 2021 | |||
| Annual change | Annual change | Monthly change | Cumulative change2 | ||
| January | |||||
| Québec | 2.7 | -5.4 | 0.1 | -2.7 | |
| Canada | 1.8 | -5.3 | 0.7 | -2.3 | |
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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.