Québec, January 25, 2022. – In October 2021, Québec’s real gross domestic product (GDP) at basic prices was up 0.1% from the previous month, following a 0.3% decline in September. This was revealed in the publication Produit intérieur brut par industrie au Québec, octobre 2021 released today by the Institut de la statistique du Québec.
Goods production down 0.1%
Output in the goods-producing industries was down 0.1% in October, after decreasing 1.3% in September. The decline in October was mostly due to lower output in manufacturing (-1.7%), which was partly offset by increases in construction (+1.3%) and utilities (+1.9%).
The drop in manufacturing came mainly from declines in three subsectors: chemical manufacturing (-7.8%), machinery manufacturing (-7.9%) and fabricated metal product manufacturing (-5.6%).
Service production up 0.2%
In October, output in the service industries was up 0.2% after a 0.1% increase in September. Educational services (+1.4%), professional, scientific and technical services (+0.9%) and real estate and rental and leasing (+0.6%) are the sectors that contributed the most to the growth in October. Public administration was down 1.0% after increasing 1.1% in September.
Cumulative total for the first ten months of 2021: Québec’s real GDP up 6.9%
For the first ten months of 2021, Québec’s real GDP was 6.9% higher than in the same months in 2020. This 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. The blue bar in December represents cumulative growth for the year that is ending.
Source: Institut de la statistique du Québec, Direction des statistiques économiques.
Canada’s real GDP at basic prices up 0.8% in October 2021
According to data published by Statistics Canada on December 23, 2021, Canada’s real GDP at basic prices increased by 0.8% in October 2021 from the previous month. Goods-producing industries rose by 1.6%, while service-producing industries grew 0.6%. For the first ten months of 2021, Canada’s real GDP was 5.1% higher than in the same months in 2020.
Real gross domestic product by industry1
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| 2020 | 2021 | ||||
| Annual change | Monthly change | Cumulative change2 | |||
| September | October | ||||
| Québec | -5.4 | -0.3 | 0.1 | 6.9 | |
| Canada | -5.1 | 0.2 | 0.8 | 5.1 | |
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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.