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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 2024 2025 2024 2025
     
    Year to date III IV I II III
Aggregates in chained $M (2017)
GDP at market prices 484,064 487,652 486,045 488,555 489,691 486,043 487,223
Final domestic demand 510,744 520,188 514,910 522,587 519,566 520,899 520,100
     Household final consumption expenditure 284,018 287,478 285,867 290,107 286,561 288,433 287,441
     General governments final consumption expenditure 118,770 120,659 120,047 121,064 120,544 120,853 120,579
     Business gross fixed capital formation 76,902 80,206 77,667 79,971 81,009 79,768 79,841
     General governments gross fixed capital formation 22,210 22,310 22,179 22,164 21,836 22,386 22,709
Exports of goods and services 212,421 208,992 213,866 211,126 215,442 205,805 205,730
Imports of goods and services 236,879 240,689 241,896 238,272 241,533 242,032 238,501
Aggregates in current $M
GDP at market prices 616,771 641,185 623,403 633,003 638,659 638,647 646,250
Compensation of employees 332,484 344,040 336,779 340,846 343,988 341,540 346,592
Net operating surplus of corporations 79,361 82,707 79,872 81,812 82,766 82,487 82,867
Net mixed income 44,918 47,528 45,539 46,749 46,729 47,307 48,548
Household disposable income 345,660 357,023 348,656 354,594 355,777 353,811 361,482
Household net saving 28,710 27,496 28,569 28,015 29,797 23,725 28,966
  
Other indicators 2025 2026 2024 2025
     
    Year to date IV I II III IV
Real GDP at basic prices (2017 $M) 450,245   451,742 452,882 449,267 449,678  
Real international merchandise exports (2017 $M) 88,493   94,397 98,098 85,510 84,364  
Real international merchandise imports (2017 $M) 106,345   99,871 103,773 109,117 106,394  
Housing starts (n) 59,864 47,719 58,482 55,668 59,248 59,724 63,570
Residential building permits (current $M) 19,955   19,164 20,210 19,711 19,105 20,796
Non-residential building permits (current $M) 8,764   10,890 8,160 9,383 9,480 8,032
Sales of manufactured goods (current $M) 219,613   223,093 224,153 210,634 221,660 222,004
Wholesale sales (current $M) 207,762   205,323 210,123 206,215 209,888 204,822
Retail sales (current $M) 187,037   185,907 184,377 186,178 188,848 188,746
Average weekly earnings, including overtime (current $) 1,256.00   1,237.18 1,240.42 1,251.53 1,267.12 1,264.97
Labour force (K) 4,921.1 4,923.8 4,890.7 4,906.9 4,937.7 4,917.2 4,913.9
Employment (K) 4,644.8 4,669.7 4,610.4 4,633.5 4,641.0 4,637.2 4,656.7
     Full-time (K) 3,781.3 3,752.8 3,795.6 3,777.4 3,788.2 3,780.0 3,765.7
     Part-time (K) 863.5 916.8 814.8 856.0 852.7 857.2 890.9
Unemployment rate (%) 5.6 5.2 5.7 5.6 6.0 5.7 5.2
Participation rate (%) 64.9 64.8 65.1 65.0 65.2 64.7 64.6
Employment rate (%) 61.3 61.5 61.4 61.4 61.3 61.0 61.3
Consumer price index, non-seasonally adjusted (2002=100) 161.0 162.3 157.7 158.6 160.8 162.0 162.7
U.S. exchange rate in cents, non-seasonally adjusted 71.54 72.58 71.49 69.69 72.26 72.59 71.69

Canada
Quarterly economic accounts 2024 2025 2024 2025
     
    Year to date III IV I II III
Aggregates in chained $M (2017)
GDP at market prices 2,456,310 2,495,263 2,466,957 2,484,261 2,497,674 2,486,045 2,502,070
Final domestic demand 2,490,145 2,534,132 2,497,642 2,523,703 2,519,781 2,541,535 2,541,079
     Household final consumption expenditure 1,391,582 1,419,743 1,398,538 1,407,635 1,410,604 1,425,080 1,423,546
     General governments final consumption expenditure 540,593 551,944 544,667 547,847 548,486 554,892 552,455
     Business gross fixed capital formation 424,535 426,528 421,391 432,232 426,699 426,355 426,531
     General governments gross fixed capital formation 95,476 98,156 95,578 97,431 96,230 97,687 100,550
Exports of goods and services 752,075 733,547 746,819 763,541 768,831 715,258 716,551
Imports of goods and services 801,302 799,729 799,728 800,585 806,304 805,427 787,456
Aggregates in current $M              
GDP at market prices 3,108,551 3,228,397 3,132,052 3,176,936 3,220,856 3,208,880 3,255,456
Compensation of employees 1,567,988 1,620,873 1,583,840 1,599,880 1,612,112 1,616,536 1,633,972
Net operating surplus of corporations 434,251 458,631 434,792 454,760 465,096 447,264 463,532
Net mixed income 282,423 300,160 286,908 295,612 294,312 299,104 307,064
Household disposable income 1,718,578 1,788,257 1,748,196 1,765,468 1,775,384 1,787,484 1,801,904
Household net saving 85,890 86,177 103,260 97,248 91,532 81,668 85,332
  
Other indicators 2025 2026 2024 2025
     
    Year to date IV I II III IV
Real GDP at basic prices (2017 $M) 2,325,304   2,315,470 2,324,903 2,318,887 2,330,803  
Real international merchandise exports (2017 $M) 571,089   592,734 604,890 550,867 559,072 569,526
Real international merchandise imports (2017 $M) 609,402   610,155 621,746 615,971 598,399 601,493
Housing starts (n) 259,028 238,049 246,084 230,028 276,043 272,634 256,981
Residential building permits (current $M) 92,788   97,922 102,128 86,421 86,553 96,050
Non-residential building permits (current $M) 56,098   54,133 52,262 59,964 53,474 58,694
Sales of manufactured goods (current $M) 848,715   857,541 865,950 826,238 850,318 852,354
Wholesale sales (current $M) 1,413,507   1,439,445 1,444,203 1,387,261 1,419,614 1,402,950
Retail sales (current $M) 837,207   825,469 834,553 837,251 838,037 838,986
Average weekly earnings, including overtime (current $) 1,303.17   1,287.01 1,292.80 1,296.26 1,309.84 1,313.78
Labour force (K) 22,567.6 22,578.7 22,370.4 22,478.8 22,551.5 22,576.9 22,650.6
Employment (K) 21,028.7 21,121.2 20,860.5 20,978.9 20,993.9 20,994.9 21,121.8
     Full-time (K) 17,194.8 17,324.6 17,104.9 17,147.7 17,162.3 17,188.0 17,247.1
     Part-time (K) 3,833.9 3,796.6 3,755.7 3,831.2 3,831.6 3,807.0 3,874.8
Unemployment rate (%) 6.8 6.5 6.7 6.7 6.9 7.0 6.7
Participation rate (%) 65.3 65.0 65.4 65.4 65.3 65.2 65.3
Employment rate (%) 60.8 60.8 61.0 61.0 60.8 60.6 60.9
Consumer price index, non-seasonally adjusted (2002=100) 164.2 165.0 161.6 162.6 164.0 164.9 165.2
U.S. exchange rate in cents, non-seasonally adjusted 71.54 72.58 71.49 69.69 72.26 72.59 71.69
  
– 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 26, 2026
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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