Québec real GDP rises 0.2% in second quarter

Québec’s real gross domestic product increased 0.2% in the second quarter of 2026 after growing 0.4% in the first quarter, the Institut de la statistique du Québec reported Wednesday.

The quarterly increase is equivalent to an annualized rate of 0.8%. An improved trade balance was the biggest contributor, while household spending also supported growth. Lower inventory investment acted as a drag.

Exports rose 2.9% during the quarter. Production in goods-producing industries fell 0.3%, while service-sector output grew 0.4%.

In June alone, total output increased 0.3%. Goods production edged up 0.1%, supported by gains in primary-metal, computer and electronic-product, and plastic and rubber manufacturing. Service output rose 0.4%, with wholesale and retail trade among the contributors.

The figures are seasonally adjusted and expressed in chained 2017 dollars. They describe economic activity already recorded, not a forecast for the rest of 2026.

Source: Institut de la statistique du Québec, September 23, 2026.

Illustrative stock photo of a data dashboard: Luke Chesser via Unsplash, under the Unsplash License. Resized; not the Québec GDP dataset.