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Québec Economic Forecast

The Conference Board of Canada’s Economic Trends Division is recognized worldwide for its expertise in economic forecasting, modelling and analysis. We have produced accurate economic forecasts for more than 25 years.

We examine the economic outlook for Québec, including gross domestic product (GDP), output by industry, housing, demographics and trade and labour market conditions.

The Provincial Outlook is updated quarterly using the Conference Board’s large econometric model of the provincial economies.

Five-year forecasts with up to 50 years of history for more than 210 indicators are available for Québec. The indicators are updated four times a year.

What Data Do We Forecast?

Key Economic Indicators: Québec
Gross Domestic Product at Market Prices,Québec Millions $
Gross Domestic Product at Market Prices,Québec Millions, Chained $ 2007
Gross Domestic Product at Basic Prices, Québec Millions, Chained $ 2007
Implicit Price Deflator: G.D.P at Market Price, Québec Index, 2007=1.00
Consumer Price Index, Québec 2002=1.0
Wages & Salaries Per Employee, Québec Thousands $
Primary household income , Québec Millions $
Household disposable income , Québec Millions $
Population of Labour Force Age , Québec Thousands
Labour Force , Québec Thousands
Employment, Québec Thousands
Unemployment Rate, Québec %
Retail Sales , Québec Millions $
Housing Starts , Québec Number of units
 
GDP at Basic Prices by Industry (Millions, Chained $ 2007)
GDP at Basic Prices by Industry, Crop and animal production , Québec Millions, Chained $ 2007
GDP at Basic Prices by Industry, Forestry and Logging , Québec Millions, Chained $ 2007
GDP at Basic Prices by Industry, Support activities for agriculture & forestry, Québec Millions, Chained $ 2007
GDP at Basic Prices by Industry, Fishing, hunting and trapping, Québec Millions, Chained $ 2007
GDP at Basic Prices by Industry, Mining and oil and gas extraction, Québec Millions, Chained $ 2007
GDP at Basic Prices by Industry, Manufacturing, Québec Millions, Chained $ 2007
GDP at Basic Prices by Industry, Construction, Québec Millions, Chained $ 2007
GDP at Basic Prices by Industry, Utilities, Québec Millions, Chained $ 2007
GDP at Basic Prices by Industry, Goods-Producing Industries, Québec Millions, Chained $ 2007
GDP at Basic Prices by Industry, Transportation & Warehousing, Québec Millions, Chained $ 2007
GDP at Basic Prices by Industry, Information & Culture Industries, Québec Millions, Chained $ 2007
GDP at Basic Prices by Industry, Wholesale & Retail Trade, Québec Millions, Chained $ 2007
GDP at Basic Prices by Industry, Finance and insurance, real estate and renting and leasing and management of companies and enterprises, Québec Millions, Chained $ 2007
GDP at Basic Prices by Industry, Commercial Services, Québec Millions, Chained $ 2007
GDP at Basic Prices by Industry, Non-Commercial Services, Québec Millions, Chained $ 2007
GDP at Basic Prices by Industry, Public administration , Québec Millions, Chained $ 2007
GDP at Basic Prices by Industry, Service-Producing Industries, Québec Millions, Chained $ 2007
GDP at Basic Prices by Industry, All Industries, Québec Millions, Chained $ 2007
 
Labour Market ('000)
Employment, Québec, Agriculture Thousands
Employment, Québec, Other Primary Industries Thousands
Employment, Québec, Utilities Thousands
Employment, Québec, Manufacturing Thousands
Employment, Québec, Construction Thousands
Employment, Québec, Wholesale and Retail Trade Thousands
Employment, Québec, Transportation and Warehousing Thousands
Employment, Québec, Finance, Insurance, Real Estate Thousands
Employment, Québec, Other Commercial Services Industries Thousands
Employment, Québec, Education & Health Industries Thousands
Employment, Québec, Public Administration Thousands
Employment, Education, Québec Thousands
Employment, Health & Social Services, Québec Thousands
Employment, Québec, Total Thousands
Unemployed, Québec Thousands
Participation Rate, Québec %
 
Demography ('000)
Total Population, Québec Thousands
Net Provincial Migration, Québec Thousands
Inter-provincial In-migration, Québec Thousands
Inter-provincial Out-migration, Québec Thousands
Net International Migration, Québec Thousands
Natural Rate of Population Increase, Québec Thousands
   
Final consumption expenditure (Millions $)  
Final consumption expenditure, Québec Millions $
Household final consumption expenditure, Québec Millions $
Household final consumption expenditure: Goods, Québec Millions $
Household final consumption expenditure: Durable Goods, Québec Millions $
Household final consumption expenditure: Semi-durable Goods, Québec Millions $
Household final consumption expenditure: Non-durable Goods, Québec Millions $
Household final consumption expenditure: Services, Québec Millions $
Household final consumption expenditure: Services: Services related to dwelling and property (including rental and imputed rent), Québec Millions $
Household final consumption expenditure: Services: Other Services, Québec Millions $
Non-profit institutions serving households' final consumption expenditure, Québec Millions $
General governments final consumption expenditure, Québec Millions $
   
Gross fixed capital formation (Millions $)  
Gross fixed capital formation, Québec Millions $
Gross fixed capital formation: Business, Québec Millions $
Gross fixed capital formation: Business - Residential Structures, Québec Millions $
Gross fixed capital formation: Business - Non-Residential Structures, Québec Millions $
Gross fixed capital formation: Business - Machinery and equipment, Québec Millions $
Gross fixed capital formation: Business - Intellectual property products, Québec Millions $
Gross fixed capital formation, Non-profit institutions serving households, Québec Millions $
Gross fixed capital formation, General governments, Québec Millions $
   
Trade (Millions $)  
Investment in inventories, Québec Millions $
Exports of Goods & Services, Québec Millions $
Exports To Other Countries, Québec Millions $
Exports of Goods to Other Countries, Québec Millions $
Exports of Services to Other Countries, Québec Millions $
Exports To Other Provinces, Québec Millions $
Exports of Goods to Other Provinces, Québec Millions $
Exports of Services to Other Provinces, Québec Millions $
Net Exports, Québec Millions $
Imports of Goods & Services, Québec Millions $
Imports To Other Countries, Québec Millions $
Imports of Goods to Other Countries, Québec Millions $
Imports of Services to Other Countries, Québec Millions $
Imports To Other Provinces, Québec Millions $
Imports of Goods to Other Provinces, Québec Millions $
Imports of Services to Other Provinces, Québec Millions $
   
Final consumption expenditure (Millions, Chained $2007)  
Final consumption expenditure, Québec Millions, Chained $ 2007
Household final consumption expenditure, Québec Millions, Chained $ 2007
Household final consumption expenditure: Goods, Québec Millions, Chained $ 2007
Household final consumption expenditure: Durable Goods, Québec Millions, Chained $ 2007
Household final consumption expenditure: Semi-durable Goods, Québec Millions, Chained $ 2007
Household final consumption expenditure: Non-durable Goods, Québec Millions, Chained $ 2007
Household final consumption expenditure: Services, Québec Millions, Chained $ 2007
Household final consumption expenditure: Services: Services related to dwelling and property (including rental and imputed rent), Québec Millions, Chained $ 2007
Household final consumption expenditure: Services: Other Services, Québec Millions, Chained $ 2007
Non-profit institutions serving households' final consumption expenditure, Québec Millions, Chained $ 2007
General governments final consumption expenditure, Québec Millions, Chained $ 2007
   
Gross fixed capital formation (Millions, Chained $2007)  
Gross fixed capital formation, Québec Millions, Chained $ 2007
Business gross fixed capital formation, Québec Millions, Chained $ 2007
Business gross fixed capital formation, Residential Structures, Québec Millions, Chained $ 2007
Business gross fixed capital formation, Non-Residential Structures, Québec Millions, Chained $ 2007
Business gross fixed capital formation, Machinery and equipment, Québec Millions, Chained $ 2007
Business gross fixed capital formation, Intellectual property products, Québec Millions, Chained $ 2007
Gross fixed capital formation, Non-profit institutions serving households, Québec Millions, Chained $ 2007
Gross fixed capital formation, General governments, Québec Millions, Chained $ 2007
   
Trade (Millions, Chained $ 2007)  
Investment in inventories, Québec Millions, Chained $ 2007
Exports of Goods & Services, Québec Millions, Chained $ 2007
Exports To Other Countries, Québec Millions, Chained $ 2007
Exports of Goods to Other Countries, Québec Millions, Chained $ 2007
Exports of Services to Other Countries, Québec Millions, Chained $ 2007
Exports To Other Provinces, Québec Millions, Chained $ 2007
Exports of Goods to Other Provinces, Québec Millions, Chained $ 2007
Exports of Services to Other Provinces, Québec Millions, Chained $ 2007
Net Exports, Québec Millions, Chained $ 2007
Imports of Goods & Services, Québec Millions, Chained $ 2007
Imports To Other Countries, Québec Millions, Chained $ 2007
Imports of Goods to Other Countries, Québec Millions, Chained $ 2007
Imports of Services to Other Countries, Québec Millions, Chained $ 2007
Imports To Other Provinces, Québec Millions, Chained $ 2007
Imports of Goods to Other Provinces, Québec Millions, Chained $ 2007
Imports of Services to Other Provinces, Québec Millions, Chained $ 2007
   
Average Weekly Wages & Salaries Per Employee ($, Industrial Composite)  
Average Weekly Wages & Salaries Per Employee, Québec $, Industrial Composite
   
Gross domestic product, Income-based (Millions $)  
Gross domestic product, Income-based, Compensation of employees; Québec Millions $
Gross domestic product, Income-based, Compensation of employees: Wages and salaries; Québec Millions $
Gross domestic product, Income-based, Compensation of employees: Employers' social contributions; Québec Millions $
Gross domestic product, Income-based, Gross Operating Surplus; Québec Millions $
Gross domestic product, Income-based, Gross Operating Surplus: Net Operating Surplus - Corporations; Québec Millions $
Gross domestic product, Income-based, Gross Operating Surplus: Consumption of fixed capital - Corporations & General governments; Québec Millions $
Gross domestic product, Income-based, Gross mixed income; Québec Millions $
Gross domestic product, Income-based, Gross mixed income: Net mixed income; Québec Millions $
Gross domestic product, Income-based, Gross mixed income: Consumption of fixed capital - unincorporated businesses; Québec Millions $
Gross domestic product, Income-based, Taxes less subsidies on production; Québec Millions $
Gross domestic product, Income-based, Taxes less subsidies on products and imports; Québec Millions $
   
Current accounts - Households (Millions $)  
Current accounts - Households, Compensation of employees; Québec Millions $
Current accounts - Households: Non-farm Income; Québec Millions $
Current accounts - Households: Farm Income; Québec Millions $
Current accounts - Households: Rental income of households; Québec Millions $
Current accounts - Households, Net property income; Québec Millions $
Current accounts - Households, Current transfers received by households; Québec Millions $
Current accounts - Households, Current transfers received by households from non profit institutions serving households, corporations and non-residents; Québec Millions $
Current accounts - Households, Current transfers received by households from general governments, employment insurance benefits; Québec Millions $
Current accounts - Households, Current transfers received by households from general governments, social security benefits; Québec Millions $
Current accounts - Households, Current transfers received by households from general governments, other benefits benefits; Québec Millions $
Current accounts - Households, Current transfers paid by households; Québec Millions $
Current accounts - Households, Current transfers paid by households to non profit institutions serving households; Québec Millions $
Current accounts - Households, Current transfers paid by households to corporations; Québec Millions $
Current accounts - Households, Current transfers paid by households to non-residents; Québec Millions $
Current accounts - Households, Current transfers paid by households to general governments ; Québec Millions $
Current accounts - Households, Current transfers paid by households to general governments - personal income taxes; Québec Millions $
Current accounts - Households, Current transfers paid by households to general governments - other current transfers; Québec Millions $
Current accounts - Households, Current transfers paid by households - others (to non-profit institutions serving households, corporations and non-residents); Québec Millions $
Current accounts - Households, Household net savings; Québec Millions $
Current accounts - Households, Household Savings rate; Québec %
   
Housing (Number of units)  
Housing Starts, Singles, Québec Number of units
Housing Starts, Multiples, Québec Number of units
Housing Completions, Singles, Québec Number of units
Housing Completions, Multiples, Québec Number of units
   
Real Domestic Product, Québec (Millions $ 2007)  
Real Domestic Product: Metal Ore Mining, Québec Millions $ 2007
Real Domestic Product: Non-metallic mineral mining and quarrying , Québec Millions $ 2007
Real Domestic Product: Oil and gas extraction & Coal mining , Québec Millions $ 2007
Real Domestic Product: Support activities for mining and oil and gas extraction , Québec Millions $ 2007
Real Domestic Product: Wholesale Trade, Québec Millions $ 2007
Real Domestic Product: Retail Trade, Québec Millions $ 2007
Real Domestic Product: Imputed Rent, Québec Millions $ 2007
Real Domestic Product: Other Finance and Insurance, Real Estate and Renting and Leasing and Management of Companies and Enterprises, Québec Millions $ 2007
Real Domestic Product: Professional, scientific, technical services, administrative and support, waste management and remediation services , Québec Millions $ 2007
Real Domestic Product: Professional, scientific & technical services , Québec Millions $ 2007
Real Domestic Product: Administrative and support, waste management and remediation services , Québec Millions $ 2007
Real Domestic Product: Accommodation and food services, Québec Millions $ 2007
Real Domestic Product: Arts, entertainment and recreation, Québec Millions $ 2007
Real Domestic Product: Other services (except public administration), Québec Millions $ 2007
Real Domestic Product: Educational Services , Québec Millions $ 2007
Real Domestic Product: Healthcare and social assistance , Québec Millions $ 2007
   
Implicit Price Indexes, Consumption Expenditures, Gross Fixed Capital Formation, Exports, Imports, Gross Domestic and Final Domestic Demand, Québec (2007=1.00)  
Implicit Price Deflator, Final consumption expenditure, Québec Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure, Québec Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure: Goods, Québec Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure: Durable Goods, Québec Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure: Semi-durable Goods, Québec Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure: Non-durable Goods, Québec Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure: Services, Québec Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure: Services: Rent, Québec Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure: Services: Other Services, Québec Index, 2007=1.00
Implicit Price Deflator, Non-profit institutions serving households' final consumption expenditure, Québec Index, 2007=1.00
Implicit Price Deflator, General governments final consumption expenditure, Québec Index, 2007=1.00
Implicit Price Deflator, Gross fixed capital formation, Québec Index, 2007=1.00
Implicit Price Deflator, Business gross fixed capital formation, Québec Index, 2007=1.00
Implicit Price Deflator, Business gross fixed capital formation, Residential Structures, Québec Index, 2007=1.00
Implicit Price Deflator, Business gross fixed capital formation, Non-Residential Structures, Québec Index, 2007=1.00
Implicit Price Deflator, Business gross fixed capital formation, Machinery and equipment, Québec Index, 2007=1.00
Implicit Price Deflator, Business gross fixed capital formation, Intellectual property products, Québec Index, 2007=1.00
Implicit Price Deflator, Gross fixed capital formation, Non-profit institutions serving households, Québec Index, 2007=1.00
Implicit Price Deflator, Gross fixed capital formation, General governments, Québec Index, 2007=1.00
Implicit Price Deflator, Exports of Goods & Services, Québec Index, 2007=1.00
Implicit Price Deflator, Exports To Other Countries, Québec Index, 2007=1.00
Implicit Price Deflator, Exports of Goods to Other Countries, Québec Index, 2007=1.00
Implicit Price Deflator, Exports of Services to Other Countries, Québec Index, 2007=1.00
Implicit Price Deflator, Exports To Other Provinces, Québec Index, 2007=1.00
Implicit Price Deflator, Exports of Goods to Other Provinces, Québec Index, 2007=1.00
Implicit Price Deflator, Exports of Services to Other Provinces, Québec Index, 2007=1.00
Implicit Price Deflator, Imports of Goods & Services, Québec Index, 2007=1.00
Implicit Price Deflator, Imports To Other Countries, Québec Index, 2007=1.00
Implicit Price Deflator, Imports of Goods to Other Countries, Québec Index, 2007=1.00
Implicit Price Deflator, Imports of Services to Other Countries, Québec Index, 2007=1.00
Implicit Price Deflator, Imports To Other Provinces, Québec Index, 2007=1.00
Implicit Price Deflator, Imports of Goods to Other Provinces, Québec Index, 2007=1.00
Implicit Price Deflator, Imports of Services to Other Provinces, Québec Index, 2007=1.00
Implicit Price Deflator, Final Domestic Demand, Québec Index, 2007=1.00
Implicit Price Deflator, Final consumption expenditure, Québec Index, 2007=1.00
   
Nominal Domestic Product: Business Non-Residential Investment Spending (Millions $)  
Nominal Domestic Product: Business Non-Residential Investment Spending: Non-Energy , Québec Millions $
Nominal Domestic Product: Business Non-Residential Investment Spending: Energy , Québec Millions $

Forecasts and research often involve numerous assumptions and data sources, and are subject to inherent risks and uncertainties. This information is not intended as specific investment, accounting, legal, or tax advice.

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Provincial Forecast Model

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Economics Team

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