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Quebec's Profile
Economic Indicators in 2021
- Gross domestic product (GDP): $504.5 billion
- GDP per capita: $58,600
- Population: 8.6 million
- International merchandise exports and imports: 48.6% of GDP
Economic Activity by Sector in 2022
- Goods: 27.6% of GDP
- Manufacturing: 13.6% of total GDP
- Construction: 7.8% of total GDP
- Services: 72.4% of GDP
- Real estate, and rental and leasing: 10.5% of total GDP
- Health care and social assistance: 9.0% of total GDP
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Michel Cristerna
Research and Education
Publication No. 2023-505-E
11 October 2023
Quebec's Merchandise Trade
Quebec's merchandise trade with the world in 2021: $245.3 billion
- Exports: $110.7 billion, a 15.5% increase from 2020
- Imports: $134.6 billion, a 15.1% increase from 2020
Trade deficit in 2021: $23.9 billion, an increase from $21.1 billion in 2020
Exports in 2021: 17.5% of the total value of Canadian exports, a decrease from 18.5% in 2020
Imports in 2021: 20.6% of the total value of Canadian imports, an increase from 20.1% in 2020
Exports as a percentage of GDP in 2021:
- Quebec – 21.9%, an increase from 21.2% in 2020
- Canada – 25.2%, an increase from 23.5% in 2020
Imports as a percentage of GDP in 2021:
- Quebec – 26.7%, an increase from 25.9% in 2020
- Canada – 26.0%, a decrease from 26.4% in 2020
Exports in 2022:
- Resource-based goods – 9.0%, a decrease from 9.8% in 2021
- Manufactured goods – 91.0%, an increase from 90.2% in 2021
Highest-valued exports in 2022: Unwrought aluminum and aircraft, together accounting for 16.1% of the total value of provincial exports
- Unwrought aluminum: $10.8 billion, an increase from $9.0 billion in 2021
- Aircraft: $7.4 billion, an increase from $7.2 billion in 2021
Major export destinations, by region, in 2022:
- United States, at 73.9% of the total value of exports
- Europe, at 10.4% of the total value of exports
- Asia, at 9.0% of the total value of exports
Major export destinations, by country, in 2022:
- United States, at $82.6 billion
- China, at $3.5 billion
- Mexico, at $2.2 billion
Quebec's Services Trade
Quebec's services trade with the world in 2021: $47.1 billion
- Exports: $26.1 billion, a 2.1% increase from 2020
- Imports: $20.9 billion, a 4.4% decrease from 2020
Trade surplus in 2021: $5.2 billion, an increase from $3.7 billion in 2020