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Institut de la statistique du Québec
Institut de la statistique du Québec
    Québec flag
    Institut de la statistique du Québec

    Quarterly indicators, Québec and Canada

    Key seasonally adjusted economic indicators. Annualized levels.

    Québec
    Quarterly economic accounts 2023 2024 2023 2024
         
        Year to date III IV I II III
    Aggregates in chained $M (2017)
    GDP at market prices 470 252 475 296 469 864 469 084 472 630 475 560 477 698
    Final domestic demand 487 555 494 449 488 691 488 308 492 204 493 192 497 952
         Household final consumption expenditure 273 046 278 380 273 274 275 242 276 697 277 719 280 724
         General governments final consumption expenditure 113 314 115 495 113 955 112 175 114 524 115 083 116 877
         Business gross fixed capital formation 71 492 71 256 71 753 71 216 71 536 71 121 71 110
         General governments gross fixed capital formation 21 631 21 641 21 692 21 786 21 776 21 642 21 504
    Exports of goods and services 212 378 215 548 213 376 215 574 214 032 215 758 216 854
    Imports of goods and services 233 628 236 372 235 930 237 686 234 014 236 641 238 462
    Aggregates in current $M
    GDP at market prices 579 460 606 244 584 395 590 464 598 543 605 355 614 834
    Compensation of employees 314 116 328 985 317 188 317 920 324 464 327 144 335 348
    Net operating surplus of corporations 71 461 72 005 72 339 73 975 72 437 72 587 70 991
    Net mixed income 39 282 43 405 39 582 40 867 42 229 43 549 44 438
    Household disposable income 323 225 342 610 327 730 330 418 339 772 339 522 348 537
    Household net saving 25 255 33 481 27 736 29 995 33 597 32 220 34 624
      
    Other indicators 2024 2025 2023 2024
         
        Year to date IV I II III IV
    Real GDP at basic prices (2017 $M) 442 568   436 111 439 446 442 268 444 160  
    Real international merchandise exports (2017 $M) 93 034   93 920 91 543 90 639 96 065 93 889
    Real international merchandise imports (2017 $M) 99 154   99 498 97 597 103 076 101 189 94 755
    Housing starts (n) 48 713 67 949 39 036 44 325 50 976 39 958 58 217
    Residential building permits (current $M) 17 517   13 862 15 078 16 417 19 535 19 039
    Non-residential building permits (current $M) 9 985   11 429 10 617 9 423 9 693 10 207
    Sales of manufactured goods (current $M) 217 932   216 236 214 866 218 811 216 511 221 541
    Wholesale sales (current $M) 207 078   211 097 209 251 204 337 206 827 207 895
    Retail sales (current $M) 180 288   179 430 177 062 177 809 181 018 185 263
    Average weekly earnings, including overtime (current $) 1 207.87   1 175.57 1 177.30 1 190.80 1 220.50 1 237.14
    Labour force (K) 4 822.6 4 901.7 4 778.3 4 770.7 4 802.4 4 827.2 4 885.5
    Employment (K) 4 566.0 4 635.6 4 543.9 4 543.7 4 547.9 4 557.3 4 604.5
         Full-time (K) 3 726.7 3 782.2 3 682.4 3 701.4 3 701.1 3 710.3 3 791.0
         Part-time (K) 839.3 853.4 861.6 842.3 846.8 847.0 813.5
    Unemployment rate (%) 5.3 5.4 4.9 4.8 5.3 5.6 5.8
    Participation rate (%) 64.9 65.1 65.3 64.8 64.8 64.7 65.1
    Employment rate (%) 61.4 61.5 62.1 61.8 61.4 61.1 61.3
    Consumer price index, non-seasonally adjusted (2002=100) 157.2 157.6 155.3 155.7 157.6 157.7 157.7
    U.S. exchange rate in cents, non-seasonally adjusted 73.00 69.49 73.43 74.14 73.08 73.33 71.49
    Canada
    Quarterly economic accounts 2023 2024 2023 2024
         
          IV I II III IV
    Aggregates in chained $M (2017)
    GDP at market prices 2 385 443 2 421 894 2 388 157 2 399 006 2 415 451 2 428 706 2 444 414
    Final domestic demand 2 405 572 2 454 258 2 407 452 2 426 447 2 439 206 2 458 882 2 492 496
         Household final consumption expenditure 1 340 909 1 372 440 1 346 226 1 358 298 1 361 531 1 375 466 1 394 466
         General governments final consumption expenditure 520 941 537 811 522 858 529 935 535 092 542 162 544 056
         Business gross fixed capital formation 418 328 412 738 411 940 409 153 411 702 409 760 420 337
         General governments gross fixed capital formation 88 841 95 238 90 262 93 203 94 720 95 728 97 299
    Exports of goods and services 733 384 737 981 742 962 745 276 732 109 730 667 743 870
    Imports of goods and services 788 690 793 702 796 312 797 049 790 718 788 267 798 772
    Aggregates in current $M              
    GDP at market prices 2 933 810 3 069 082 2 996 516 3 002 252 3 053 520 3 085 980 3 134 576
    Compensation of employees 1 476 111 1 563 213 1 501 712 1 525 536 1 552 828 1 579 120 1 595 368
    Net operating surplus of corporations 414 836 397 615 432 468 386 056 396 588 389 160 418 656
    Net mixed income 253 421 284 741 264 904 272 124 282 008 288 512 296 320
    Household disposable income 1 588 839 1 709 311 1 628 060 1 646 940 1 695 672 1 738 072 1 756 560
    Household net saving 59 463 104 030 75 172 74 060 106 984 127 244 107 832
      
    Other indicators 2024 2025 2023 2024
         
        Year to date IV I II III IV
    Real GDP at basic prices (2017 $M) 2 266 023   2 235 777 2 249 117 2 262 704 2 270 811 2 281 460
    Real international merchandise exports (2017 $M) 577 456   571 520 574 277 573 185 573 055 589 309
    Real international merchandise imports (2017 $M) 603 582   608 742 608 132 609 064 604 496 592 637
    Housing starts (n) 245 367 239 739 244 108 249 017 245 091 238 421 249 336
    Residential building permits (current $M) 89 859   80 367 83 116 89 342 89 905 97 072
    Non-residential building permits (current $M) 53 778   48 540 52 631 50 890 58 517 53 073
    Sales of manufactured goods (current $M) 847 234   855 647 849 226 846 606 839 869 853 237
    Wholesale sales (current $M) 1 427 844   1 460 915 1 433 867 1 450 325 1 413 921 1 413 261
    Retail sales (current $M) 803 061   800 098 796 358 792 986 801 879 821 021
    Average weekly earnings, including overtime (current $) 1 260.50   1 221.53 1 230.46 1 248.80 1 272.51 1 286.89
    Labour force (K) 22 134.8 22 484.0 21 765.2 21 889.6 22 094.1 22 198.9 22 349.6
    Employment (K) 20 730.5 20 993.4 20 515.1 20 599.8 20 704.9 20 744.9 20 842.1
         Full-time (K) 16 977.6 17 185.9 16 836.9 16 880.1 16 927.5 16 983.4 17 093.7
         Part-time (K) 3 753.0 3 807.5 3 678.2 3 719.7 3 777.4 3 761.5 3 748.4
    Unemployment rate (%) 6.3 6.6 5.7 5.9 6.3 6.5 6.7
    Participation rate (%) 65.5 65.5 65.8 65.6 65.6 65.3 65.3
    Employment rate (%) 61.3 61.1 62.0 61.7 61.5 61.0 60.9
    Consumer price index, non-seasonally adjusted (2002=100) 160.9 161.3 158.6 159.0 161.2 161.7 161.6
    U.S. exchange rate in cents, non-seasonally adjusted 73.00 69.49 73.43 74.14 73.08 73.33 71.49
      
    – The year-to-date levels represent the average of all observable annualized periods. 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.
    – Monthly and quarterly data on housing starts are seasonally adjusted independently; quarterly data do not correspond to the average of monthly data.
    – 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
    Symbols used in tables
    .. 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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