Institut de la statistique du Québec
Quarterly indicators - Percentage change from the preceding period, Québec and Canada
Key seasonally adjusted economic indicators. Percentage change over the previous period, unless otherwise indicated.
| Québec | ||||||||
|---|---|---|---|---|---|---|---|---|
| Quarterly economic accounts | 2022 | 2023 | 2024 | 2023 | 2024 | |||
| Year to date | III | IV | I | II | III | |||
| Aggregates in chained $M (2017) | ||||||||
| GDP at market prices | 3.4 | 0.6 | 1.0 | – 0.1 | – 0.2 | 0.8 | 0.6 | 0.4 |
| Final domestic demand | 3.0 | – 0.2 | 1.5 | 0.5 | – 0.1 | 0.8 | 0.2 | 1.0 |
| Household final consumption expenditure | 5.5 | 1.8 | 2.2 | 0.6 | 0.7 | 0.5 | 0.4 | 1.1 |
| General governments final consumption expenditure | 2.4 | – 1.7 | 1.6 | 0.4 | – 1.6 | 2.1 | 0.5 | 1.6 |
| Business gross fixed capital formation | – 2.4 | – 6.3 | – 0.5 | 0.6 | – 0.7 | 0.4 | – 0.6 | 0.0 |
| General governments gross fixed capital formation | – 2.4 | 7.2 | 0.3 | 0.0 | 0.4 | 0.0 | – 0.6 | – 0.6 |
| Exports of goods and services | 2.0 | 4.0 | 2.0 | 0.4 | 1.0 | – 0.7 | 0.8 | 0.5 |
| Imports of goods and services | 6.9 | – 0.8 | 1.8 | 1.4 | 0.7 | – 1.5 | 1.1 | 0.8 |
| Aggregates in current $M | ||||||||
| GDP at market prices | 8.7 | 5.0 | 5.3 | 1.5 | 1.0 | 1.4 | 1.1 | 1.6 |
| Compensation of employees | 10.1 | 5.2 | 5.2 | 1.2 | 0.2 | 2.1 | 0.8 | 2.5 |
| Net operating surplus of corporations | – 9.3 | 1.6 | 2.0 | 3.6 | 2.3 | – 2.1 | 0.2 | – 2.2 |
| Net mixed income | 4.2 | 7.7 | 12.0 | 1.9 | 3.2 | 3.3 | 3.1 | 2.0 |
| Household disposable income | 6.7 | 4.0 | 6.8 | 2.1 | 0.8 | 2.8 | – 0.1 | 2.7 |
| Household saving rate (level as % of disposable income) | 9.3 | 7.8 | 9.8 | 8.5 | 9.1 | 9.9 | 9.5 | 9.9 |
| Other indicators | 2023 | 2024 | 2025 | 2023 | 2024 | |||
| Year to date | IV | I | II | III | IV | |||
| Real GDP at basic prices | 0.6 | 1.1 | – 0.2 | 0.8 | 0.6 | 0.4 | ||
| Real international merchandise exports | 3.3 | 2.6 | 2.4 | – 2.5 | – 1.0 | 6.0 | – 2.3 | |
| Real international merchandise imports | – 1.6 | 0.0 | – 0.7 | – 1.9 | 5.6 | – 1.8 | – 6.4 | |
| Housing starts | – 31.9 | 25.2 | 26.9 | – 17.8 | 13.5 | 15.0 | – 21.6 | 45.7 |
| Residential building permits | – 13.9 | 25.0 | – 7.0 | 8.8 | 8.9 | 19.0 | – 2.5 | |
| Non-residential building permits | 14.3 | – 19.2 | 0.5 | – 7.1 | – 11.2 | 2.9 | 5.3 | |
| Sales of manufactured goods | – 1.0 | 1.5 | 1.6 | – 0.6 | 1.8 | – 1.1 | 2.3 | |
| Wholesale sales | 13.9 | 1.6 | 0.3 | – 0.9 | – 2.3 | 1.2 | 0.5 | |
| Retail sales | 3.7 | 1.8 | 0.6 | – 1.3 | 0.4 | 1.8 | 2.3 | |
| Average weekly earnings, including overtime | 3.6 | 4.5 | 0.7 | 0.1 | 1.1 | 2.5 | 1.4 | |
| Labour force (change in K) | 143.6 | 88.2 | 144.2 | 27.5 | – 7.6 | 31.7 | 24.8 | 58.3 |
| Employment (change in K) | 130.8 | 43.2 | 95.1 | 3.7 | – 0.2 | 4.2 | 9.4 | 47.2 |
| Full-time (change in K) | 86.4 | 37.3 | 81.3 | – 21.8 | 19.0 | – 0.3 | 9.2 | 80.7 |
| Part-time (change in K) | 44.4 | 5.9 | 13.7 | 25.6 | – 19.3 | 4.5 | 0.2 | – 33.5 |
| Unemployment rate (change in % points) | 0.2 | 0.8 | 0.8 | 0.5 | – 0.1 | 0.5 | 0.3 | 0.2 |
| Participation rate (change in % points) | 0.9 | – 0.4 | 0.3 | 0.0 | – 0.5 | 0.0 | – 0.1 | 0.4 |
| Employment rate (change in % points) | 0.8 | – 1.0 | – 0.3 | – 0.3 | – 0.3 | – 0.4 | – 0.3 | 0.2 |
| Consumer price index, non-sea. ad. (annual change in %) | 4.5 | 2.3 | 1.8 | 3.9 | 3.4 | 2.7 | 1.7 | 1.5 |
| U.S. exchange rate in cents, non-sea. ad. (change in ¢) | – 2.76 | – 1.09 | – 5.00 | – 1.14 | 0.71 | – 1.06 | 0.25 | – 1.84 |
| Canada | ||||||||
| Quarterly economic accounts | 2022 | 2023 | 2024 | 2023 | 2024 | |||
| IV | I | II | III | IV | ||||
| Aggregates in chained $M (2017) | ||||||||
| GDP at market prices | 4.2 | 1.5 | 1.5 | 0.2 | 0.5 | 0.7 | 0.5 | 0.6 |
| Final domestic demand | 3.3 | 1.1 | 2.0 | – 0.2 | 0.8 | 0.5 | 0.8 | 1.4 |
| Household final consumption expenditure | 5.5 | 1.8 | 2.4 | 0.3 | 0.9 | 0.2 | 1.0 | 1.4 |
| General governments final consumption expenditure | 3.2 | 2.2 | 3.2 | – 0.5 | 1.4 | 1.0 | 1.3 | 0.3 |
| Business gross fixed capital formation | – 1.5 | – 2.8 | – 1.3 | – 1.9 | – 0.7 | 0.6 | – 0.5 | 2.6 |
| General governments gross fixed capital formation | – 0.5 | 4.8 | 7.2 | 1.6 | 3.3 | 1.6 | 1.1 | 1.6 |
| Exports of goods and services | 4.2 | 5.0 | 0.6 | 2.2 | 0.3 | – 1.8 | – 0.2 | 1.8 |
| Imports of goods and services | 7.5 | 0.3 | 0.6 | 0.5 | 0.1 | – 0.8 | – 0.3 | 1.3 |
| Aggregates in current $M | ||||||||
| GDP at market prices | 12.4 | 2.9 | 4.6 | 1.5 | 0.2 | 1.7 | 1.1 | 1.6 |
| Compensation of employees | 9.3 | 6.4 | 5.9 | 0.8 | 1.6 | 1.8 | 1.7 | 1.0 |
| Net operating surplus of corporations | 17.9 | – 14.8 | – 4.2 | 4.6 | – 10.7 | 2.7 | – 1.9 | 7.6 |
| Net mixed income | 8.9 | 9.4 | 12.4 | 3.6 | 2.7 | 3.6 | 2.3 | 2.7 |
| Household disposable income | 5.4 | 5.3 | 7.6 | 1.3 | 1.2 | 3.0 | 2.5 | 1.1 |
| Household saving rate (level as % of disposable income) | 4.0 | 3.7 | 6.1 | 4.6 | 4.5 | 6.3 | 7.3 | 6.1 |
| Other indicators | 2023 | 2024 | 2025 | 2023 | 2024 | |||
| Year to date | IV | I | II | III | IV | |||
| Real GDP at basic prices | 1.6 | 1.6 | 0.2 | 0.6 | 0.6 | 0.4 | 0.5 | |
| Real international merchandise exports | 5.2 | 0.9 | 0.0 | 0.5 | – 0.2 | 0.0 | 2.8 | |
| Real international merchandise imports | – 1.1 | – 0.6 | 0.7 | – 0.1 | 0.2 | – 0.7 | – 2.0 | |
| Housing starts | – 8.2 | 2.1 | 3.7 | – 5.0 | 2.0 | – 1.6 | – 2.7 | 4.6 |
| Residential building permits | – 7.9 | 8.8 | – 6.4 | 3.4 | 7.5 | 0.6 | 8.0 | |
| Non-residential building permits | 11.2 | 3.0 | – 9.3 | 8.4 | – 3.3 | 15.0 | – 9.3 | |
| Sales of manufactured goods | 0.6 | – 2.1 | – 1.7 | – 0.8 | – 0.3 | – 0.8 | 1.6 | |
| Wholesale sales | 42.5 | 3.1 | – 2.2 | – 1.9 | 1.1 | – 2.5 | 0.0 | |
| Retail sales | 1.9 | 1.3 | 1.1 | – 0.5 | – 0.4 | 1.1 | 2.4 | |
| Average weekly earnings, including overtime | 3.4 | 4.6 | 0.5 | 0.7 | 1.5 | 1.9 | 1.1 | |
| Labour force (change in K) | 654.7 | 641.8 | 666.8 | 173.8 | 124.4 | 204.5 | 104.8 | 150.7 |
| Employment (change in K) | 595.3 | 395.7 | 416.3 | 105.3 | 84.7 | 105.1 | 40.0 | 97.2 |
| Full-time (change in K) | 522.5 | 281.7 | 345.1 | 65.4 | 43.2 | 47.4 | 55.9 | 110.3 |
| Part-time (change in K) | 72.8 | 114.1 | 71.2 | 39.9 | 41.5 | 57.7 | – 15.9 | – 13.1 |
| Unemployment rate (change in % points) | 0.1 | 0.9 | 0.9 | 0.2 | 0.2 | 0.4 | 0.2 | 0.2 |
| Participation rate (change in % points) | 0.3 | – 0.3 | – 0.1 | 0.0 | – 0.2 | 0.0 | – 0.3 | 0.0 |
| Employment rate (change in % points) | 0.2 | – 0.9 | – 1.1 | – 0.2 | – 0.3 | – 0.2 | – 0.5 | – 0.1 |
| Consumer price index, non-sea. ad. (annual change in %) | 3.9 | 2.4 | 1.9 | 3.3 | 2.8 | 2.7 | 2.1 | 1.9 |
| U.S. exchange rate in cents, non-sea. ad. (change in ¢) | – 2.76 | – 1.09 | – 5.00 | – 1.14 | 0.71 | – 1.06 | 0.25 | – 1.84 |
| – For greater accuracy, the changes presented are calculated from unrounded figures. | ||||||||
| – The year-to-date change represents the variation in all observable periods, expressed in relation to the same periods of the previous year. When annual gross value and changes are available, they are presented. | ||||||||
| – Due to more frequent updating, the quarterly economic accounts data may differ from those published by Statistics Canada in the Provincial and Territorial Economic Accounts. | ||||||||
| – In April 2020, the CMHC's monthly survey was carried out in all Canadian provinces except Québec. As a result, the April 2020 data for Québec is not available and the April 2020 data for Canada excludes Québec. | ||||||||
| – Annual sales of manufactured goods are calculated from the monthly survey. | ||||||||
| – Numbers in bold have been revised since last Friday. | ||||||||
| Sources : Institut de la statistique du Québec, | ||||||||
| Statistics Canada, | ||||||||
| Mortgage and Housing Corporation (housing starts), | ||||||||
| Bank of Canada (exchange rates). | ||||||||
Update : February 28, 2025
| .. | Data not available |
| ... | Not applicable |
| – | Void or zero |
| — | Negligible data |
| p | Preliminary data |
| r | Revised data |
| e | Estimated data |
| x | Confidential |
| F | Data unreliable |
| n.e.s. | Not elsewhere specified |
| p.-y. | Person-year |
| f.t.e | Full-time equivalent |
| ‰ | Per thousand |
| kg | Kilogramme |
| l | Liter |
| n | Number |
| t | Metric ton |
| $ | In dollars |
| k and '000 | In thousands |
| M and '000 000 | In millions |
| G | In billions |
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