Labour productivity of Canadian businesses rose 3.4 percent in the first quarter of 2020, rebounding from a 0.1 percent fall in the previous period and beating market expectations of a 1.2 percent gain. It was the largest quarterly increase on record, as hours worked fell faster than business output following measures to combat the spread of the coronavirus pandemic including lockdowns and business closures. Hours worked in the business sector fell at a record 5.8 percent, after rising 0.1 percent in the last quarter of 2019. The real GDP of businesses dropped 2.6 percent, after stalling in the prior quarter, as output declined in both goods-producing businesses (-1.1 percent) and service-producing businesses (-2.5 percent). The most affected sectors were arts, entertainment and recreation (-14.4 percent); accommodation and food services (-13.1 percent) and transportation and warehousing (-5.2 percent).

Productivity in Canada averaged 88.28 points from 1981 until 2020, reaching an all time high of 110.55 points in the first quarter of 2020 and a record low of 67.26 points in the third quarter of 1981. This page provides - Canada Productivity - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Productivity - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Statistics Canada

Productivity in Canada is expected to be 109.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Productivity in Canada to stand at 110.10 in 12 months time. In the long-term, the Canada Productivity is projected to trend around 109.80 points in 2021 and 109.70 points in 2022, according to our econometric models.

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Canada Productivity

Actual Previous Highest Lowest Dates Unit Frequency
110.55 106.90 110.55 67.26 1981 - 2020 points Quarterly
SA, 2012=100


Calendar GMT Actual Previous Consensus TEForecast
2019-09-04 12:30 PM Q2 0.2% 0.4% 0.3% 0.1%
2019-12-04 01:30 PM Q3 0.2% 0.1% 0.8% 0.4%
2020-03-04 01:30 PM Q4 -0.1% 0.2% 0.1% -0.1%
2020-06-03 12:30 PM Q1 3.4% -0.1% 1.2% 0.8%
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News Stream
Canada Labour Productivity Rises the Most on Record
Labour productivity of Canadian businesses rose 3.4 percent in the first quarter of 2020, rebounding from a 0.1 percent fall in the previous period and beating market expectations of a 1.2 percent gain. It was the largest quarterly increase on record, as hours worked fell faster than business output following measures to combat the spread of the coronavirus pandemic including lockdowns and business closures. Hours worked in the business sector fell at a record 5.8 percent, after rising 0.1 percent in the last quarter of 2019. The real GDP of businesses dropped 2.6 percent, after stalling in the prior quarter, as output declined in both goods-producing businesses (-1.1 percent) and service-producing businesses (-2.5 percent). The most affected sectors were arts, entertainment and recreation (-14.4 percent); accommodation and food services (-13.1 percent) and transportation and warehousing (-5.2 percent).
2020-06-03
Canada Labour Productivity Falls for 1st time in a Year
Labour productivity of Canadian businesses fell 0.1 percent in the fourth quarter of 2019, following a 0.1 percent rise in the previous period and below market expectations of a 0.1 percent gain. It was the first decline in labour productivity in a year. Both business output and hours worked were little changed. The real GDP of businesses dropped 0.1 percent (vs 0.2 percent in Q3), after rising for 13 consecutive quarters, mainly due to a decrease in goods-producing businesses, led by the manufacturing sector; and a slowdown in output growth of service-producing businesses. Considering 2019 as a whole, labour productivity of Canadian businesses rose 0.6 percent, after falling 0.1 percent in 2018. Real GDP of businesses grew 1.4 percent (vs 1.8 percent in 2018) and hours worked advanced 0.9 percent (vs 1.9 percent in 2018).
2020-03-04
Canada Labor Productivity Rises Less than Expected
Labour productivity of Canadian businesses rose 0.2 percent in the third quarter of 2019, following a downwardly revised 0.1 percent gain the previous period but missing market expectations of a 0.8 percent increase. Hours worked slowed considerably in the third quarter (0.1 percent vs 0.9 percent in Q2), and business output growth decelerated, but nonetheless still surpassed the growth in hours worked. The real GDP of business eased (0.3 percent vs 1 percent), mainly due to a decrease in goods-producing businesses (-0.3 percent), in particular to declines in the mining, quarrying, and oil and gas extraction, and manufacturing sectors. Meantime, output growth of service-producing businesses continued at a similar pace as in the previous quarter (at 0.8 percent). The productivity increase was mainly driven by service-producing businesses (0.7 percent), as the largest contributors were real estate (2.1 percent), retail trade (1.5 percent) and wholesale trade (1 percent).
2019-12-04
Canada Labor Productivity Rises Less than Expected
Labour productivity of Canadian businesses increased 0.2 percent in the second quarter of 2019, easing from an upwardly revised 0.4 percent gain in the first quarter and worse than market expectations of a 0.3 percent increase. Hours worked rebounded (0.8 percent vs -0.4 percent in Q1), while growth in business output also accelerated, surpassing the gain in hours worked. The real GDP of business accelerated (2.3 percent vs 1.5 percent), with mining, quarrying, and oil and gas extraction sector contributing the most to the gain. The productivity increase in the second quarter was mainly attributable to goods-producing businesses (0.6 percent) while in service-producing business declined 0.2 percent.
2019-09-04

Canada Productivity
In Canada, Productivity is the real value of output produced by a unit of labor during a certain time.