Labor productivity for Canadian businesses rose by 0.6% in the third quarter, after a downwardly revised 0.1% increase in the previous period. This was the second consecutive quarterly increase, following seven quarters of declines. The gain in productivity in the third quarter reflects the continued growth in business output (0.7%), the fifth consecutive quarterly increase, down slightly from the 0.9% gain observed in the second quarter. Output in goods-producing businesses (1.0%) outpaced that for service-producing businesses (+0.4%). Overall, output grew in 12 of 16 main industry sectors. Meanwhile, hours worked were unchanged after increasing for four consecutive quarters. Growth in service-producing businesses (+0.5%) was offset by a decrease in goods-producing businesses (-1.0%). In total, hours worked rose in 12 of the 16 main industry sectors. source: Statistics Canada

Productivity in Canada averaged 89.68 points from 1981 until 2022, reaching an all time high of 126.52 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 February of 2023.

Productivity in Canada is expected to be 108.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Productivity is projected to trend around 110.00 points in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Canada Productivity



Calendar GMT Actual Previous Consensus TEForecast
2022-09-02 12:30 PM Q2 0.2% -0.5% -0.3%
2022-12-01 01:30 PM Q3 0.6% 0.1% -0.6%


Related Last Previous Unit Reference
Unemployment Rate 5.00 5.10 percent Dec 2022
Employed Persons 19770.30 19666.30 Thousand Dec 2022
Unemployed Persons 1036.90 1049.60 Thousand Dec 2022
Part Time Employment 19.50 -40.60 Thousand Dec 2022
Full Time Employment 84.50 50.70 Thousand Dec 2022
Employment Change 104.00 10.10 Thousand Dec 2022
Labor Force Participation Rate 65.00 64.80 percent Dec 2022
Youth Unemployment Rate 10.10 10.30 percent Dec 2022
Labour Costs 125.36 124.70 points Sep 2022
Productivity 108.45 107.75 points Sep 2022
Wages 29.09 28.96 CAD/Hour Nov 2022
Wages in Manufacturing 29.99 29.80 CAD/Hour Nov 2022
Minimum Wages 15.50 15.00 CAD/Hour Oct 2022
Population 38.44 38.01 Million Dec 2021
Employment Rate 61.80 61.50 percent Dec 2022
Average Hourly Earnings 32.85 32.85 CAD Dec 2022
Wage Growth 4.20 3.40 percent Nov 2022
Non Farm Payrolls 17708.00 17695.00 Thousand Nov 2022
Job Vacancies 991680.00 1031955.00 Sep 2022

Canada Productivity
In Canada, Productivity is the real value of output produced by a unit of labor during a certain time.
Actual Previous Highest Lowest Dates Unit Frequency
108.45 107.75 126.52 67.26 1981 - 2022 points Quarterly
SA, 2012=100

News Stream
Canada Labour Productivity Rises for 2nd Quarter
Labor productivity for Canadian businesses rose by 0.6% in the third quarter, after a downwardly revised 0.1% increase in the previous period. This was the second consecutive quarterly increase, following seven quarters of declines. The gain in productivity in the third quarter reflects the continued growth in business output (0.7%), the fifth consecutive quarterly increase, down slightly from the 0.9% gain observed in the second quarter. Output in goods-producing businesses (1.0%) outpaced that for service-producing businesses (+0.4%). Overall, output grew in 12 of 16 main industry sectors. Meanwhile, hours worked were unchanged after increasing for four consecutive quarters. Growth in service-producing businesses (+0.5%) was offset by a decrease in goods-producing businesses (-1.0%). In total, hours worked rose in 12 of the 16 main industry sectors.
2022-12-01
Canada Productivity Rises for First Time in Two Years
Labor productivity for Canadian businesses rose 0.2% in the second quarter, after falling 0.5% in the previous quarter. This was the first increase in productivity since the second quarter of 2020, as the lifting of public health measures in almost all regions of the country during the second quarter led businesses to carry out their economic activities without any pandemic-related restrictions. For the first time since the beginning of the pandemic, business output rose faster than hours worked, but productivity is still 1.3% below pre-pandemic levels. Hours worked in the business sector rose 0.7%, much less than in each of the three previous quarters.
2022-09-02
Canada Labour Productivity Declines for 7th Quarter
Labour productivity in Canada declined by 0.5% in the first quarter of 2022, easing from an upwardly revised 0.6 percent fall in the previous quarter and marking the seventh consecutive quarterly decrease. Hours worked increased more than the business output, with hours worked in goods-producing industries and service-producing industries rising at the same pace of 1.4%. Overall, all the main industry sectors saw an increase in hours worked, except for accommodation and food services (-1.6%). Meanwhile, output from Canadian businesses eased to 0.9%, from 2% in the previous quarter, mainly driven by a slowdown in output of service-producing industries(0.6% vs 2.3%) due to tightened restrictions on account of the Omicron variant early in the quarter. In contrast, output continued to rise in goods-producing industries, increasing 1.8% in the first quarter of 2022 after posting a 1.6% gain in the previous quarter.
2022-06-03