Labour productivity in Canada fell 2% on quarter in the fourth quarter of 2020, following a revised record 10.6% plunge in the prior period, with hours worked rising faster than business output following restrictive lockdown measures to curb the second wave of the COVID-19 pandemic. Hours worked in the business sector rose 4.6%, the second-largest increase on record, following a 24.2% surge in the previous period. The real GDP of businesses slowed to 2.5% compared to 11% in the third quarter, as output in both goods-producing and service-producing businesses rose at a much slower rate than in the previous quarter. On average, in 2020, the labour productivity of Canadian businesses saw unprecedented increases since the quarterly data series began in 1981, with an annual gain of 8.8%. This is due primarily to the fact that the sharp gains in productivity in the first and second quarters were only partly offset by the declines posted in the third and fourth quarters. source: Statistics Canada

Productivity in Canada averaged 88.88 points from 1981 until 2020, reaching an all time high of 127.97 points in the second 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 March of 2021.

Productivity in Canada is expected to be 121.70 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 122.40 in 12 months time. In the long-term, the Canada Productivity is projected to trend around 122.60 points in 2022, according to our econometric models.

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Canada Productivity

Actual Previous Highest Lowest Dates Unit Frequency
112.08 114.35 127.97 67.26 1981 - 2020 points Quarterly
SA, 2012=100


Calendar GMT Actual Previous Consensus TEForecast
2020-06-03 12:30 PM Q1 3.4% -0.1% 1.2% 0.8%
2020-09-02 12:30 PM Q2 9.8% 4.5% 2.5%
2020-12-02 01:30 PM Q3 -10.3% 10.5% 4.5%
2021-03-04 01:30 PM Q4 -2% -10.6% 5%
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News Stream
Canada Labour Productivity Falls Less in Q4
Labour productivity in Canada fell 2% on quarter in the fourth quarter of 2020, following a revised record 10.6% plunge in the prior period, with hours worked rising faster than business output following restrictive lockdown measures to curb the second wave of the COVID-19 pandemic. Hours worked in the business sector rose 4.6%, the second-largest increase on record, following a 24.2% surge in the previous period. The real GDP of businesses slowed to 2.5% compared to 11% in the third quarter, as output in both goods-producing and service-producing businesses rose at a much slower rate than in the previous quarter. On average, in 2020, the labour productivity of Canadian businesses saw unprecedented increases since the quarterly data series began in 1981, with an annual gain of 8.8%. This is due primarily to the fact that the sharp gains in productivity in the first and second quarters were only partly offset by the declines posted in the third and fourth quarters.
2021-03-04
Canada Labour Productivity Falls at Record 10.3%
Labour productivity in Canada dropped 10.3 percent in the third quarter of 2020, the biggest decline on record, and following a record 10.5 percent increase in the previous period. While the second quarter was marked by lockdown measures imposed because of the COVID-19 pandemic, the third quarter saw a strong recovery in hours worked and, to a lesser degree, in output, as many businesses resumed their activities.
2020-12-02
Canada Labour Productivity Rises at Record Pace in Q2
Labour productivity of Canadian businesses increased 9.8 percent in the second quarter of 2020, following an upwardly revised 4.5 percent rise in the previous month. It was the largest quarterly gain on record, as hours worked fell faster than business output following lockdown measures to slow the spread of the coronavirus pandemic. Hours worked in the business sector dropped at a record 22.1 percent, after declining 7 percent in the prior quarter. The real GDP of businesses slumped 14.5 percent, following a 2.8 percent fall, as output decreased in all goods and service-producing businesses. Only the agriculture and forestry sector saw an increase.
2020-09-02
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 Productivity
In Canada, Productivity is the real value of output produced by a unit of labor during a certain time.