Gross domestic product growth: mining regions stand out in 2014

Québec, September 17, 2015 – In 2014, Québec’s gross domestic product (GDP) at basic prices in current dollars totalled $346,372 million. This represents a growth rate of 2.8%. Annual growth over the past six years also averaged 2.8%. Mining regions continued to take advantage of the strength of the mining sector and recorded the highest growth rates in the province in 2014: Nord-du-Québec (+9.5%), Côte-Nord (+7.1%) and Abitibi-Témiscamingue (+6.2%).

Growth in the other administrative regions hovered around the provincial average. The regions of Saguenay–Lac-Saint-Jean, Chaudière-Appalaches, Laurentides and Montérégie had a growth rate of 2.7%, while the Estrie, Gaspésie–Îles-de-la-Madeleine, Laval and Lanaudière regions posted an increase of 2.6%. The regions of Bas-Saint-Laurent, Montréal and Centre-du-Québec grew by 2.5%, and the Mauricie region rose by 2.4%. Lastly, the Capitale-Nationale and Outaouais regions saw their GDP rise by 2.3% in 2014.

Non-CMA areas of Québec fare better than Québec as a whole

The Québec territory outside census metropolitan areas (CMAs) increased its GDP by 3.6%, a growth rate that is largely above that of the six CMAs in Québec. In particular, Saguenay’s GDP rose by 2.9%, while the other CMAs posted GDP growth rates below the Québec average: Montréal (+2.6%), Sherbrooke (+2.4%), Québec (+2.3%), Trois-Rivières (+2.2%) and Gatineau (+2.2%).


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Sources:

  • Marianne Bernier
    Economist
    Phone: 418-691-2411, Ext. 3217
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