Gross domestic product: variable regional growth in 2014

Québec, June 21, 2016 – In 2014, Québec’s gross domestic product (GDP) at basic prices in current dollars totalled $340,773 million. In comparison with 2013, growth reached 2.3%, while the annual growth over the last seven years averaged 2.6%. The Nord-du-Québec region posted the highest increase (+12.1%), followed by Gaspésie–Îles-de-la-Madeleine (+6.1%). In both of those regions, the growth was primarily attributable to the goods sector, which increased respectively by 16.9% and 20.7%. Those figures were revealed in the regional GDP data updated by the Institut de la statistique du Québec and released on its website today.

In 2014, the Lanaudière (+3.4%), Chaudière-Appalaches (+3.0%) and Montréal (+2.9%) regions experienced higher growth than Québec as a whole. The growth of the other administrative regions was clustered around the Québec average: the Laval region grew by 2.6%, while the Montérégie, Outaouais and Mauricie regions grew respectively by 2.1%, 2.1% and 2.0%. The growth in the following regions remained under 2.0%: Estrie (+1.9%), Saguenay–Lac-Saint-Jean (+1.7%), Abitibi-Témiscamingue (+1.7%), Centre-du-Québec (+1.6%) and Capitale-Nationale (+1.2%). The Laurentides (+1.0%) and Bas-Saint-Laurent (+0.7%) regions posted the lowest growth in 2014. The Côte-Nord region experienced a decline for the second consecutive year (-3.1%), which did not prevent it from recording an average annual growth rate of 5.2% since 2007.

The CMA of Montréal recorded the highest growth

With a 3.2% increase of its GDP, the census metropolitan area (CMA) of Montréal stood out from the rest of Québec (+2.3%). The CMA of Sherbrooke experienced growth of 2.9%, while the other CMAs saw their GDP increase at a rate below the Québec average: Gatineau (+2.2%), Trois-Rivières (+2.0%), Québec (+1.3%) and Saguenay (+0.7%). Non-CMA areas in Québec posted 0.9% growth of their GDP.

 


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Sources:

  • Marianne Bernier
    Economist
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