Labor productivity in Canadian businesses fell by 0.6% in the first quarter of 2023, extending slightly the 0.5% drop in the previous period. This was the fourth consecutive quarterly decline primarily due to the decrease in goods-producing businesses (-1.4%) and service-producing businesses (-0.4%). In total, 12 of the 16 main industry sectors recorded reductions. On the other hand, growth in hours worked accelerated for both goods-producing (+1.5%) and service-producing (+1.3%) businesses. source: Statistics Canada

Productivity in Canada averaged 90.02 points from 1981 until 2023, reaching an all time high of 127.32 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 August of 2023.

Productivity in Canada is expected to be 106.00 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 109.00 points in 2024 and 112.00 points in 2025, according to our econometric models.

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Canada Productivity



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-03-03 01:30 PM Q4 -0.5% -0.3% -0.4%
2023-06-07 12:30 PM Q1 -0.6% -0.5% -0.9%


Related Last Previous Unit Reference
Unemployment Rate 5.50 5.40 percent Jul 2023
Employed Persons 20166.40 20172.80 Thousand Jul 2023
Unemployed Persons 1166.80 1147.10 Thousand Jul 2023
Full Time Employment 1.70 109.60 Thousand Jul 2023
Part Time Employment -8.10 -49.80 Thousand Jul 2023
Employment Change -6.40 59.90 Thousand Jul 2023
Labor Force Participation Rate 65.60 65.70 percent Jul 2023
Youth Unemployment Rate 10.20 11.50 percent Jul 2023
Labour Costs 130.69 129.05 points Mar 2023
Productivity 106.42 107.06 points Mar 2023
Wages 29.76 29.67 CAD/Hour May 2023
Wages in Manufacturing 31.24 31.49 CAD/Hour May 2023
Minimum Wages 16.65 15.55 CAD/Hour Apr 2023
Population 39.29 38.43 Million Dec 2022
Average Hourly Earnings 34.55 34.20 CAD Jul 2023
Employment Rate 62.00 62.20 percent Jul 2023
Wage Growth 3.60 2.90 percent May 2023
Non Farm Payrolls 17990.00 17860.00 Thousand May 2023
Job Vacancies 781205.00 855890.00 Mar 2023

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
106.42 107.06 127.32 67.26 1981 - 2023 points Quarterly
SA, 2012=100

News Stream
Canada Labour Productivity Falls for 1st Quarter
Labor productivity in Canadian businesses fell by 0.6% in the first quarter of 2023, extending slightly the 0.5% drop in the previous period. This was the fourth consecutive quarterly decline primarily due to the decrease in goods-producing businesses (-1.4%) and service-producing businesses (-0.4%). In total, 12 of the 16 main industry sectors recorded reductions. On the other hand, growth in hours worked accelerated for both goods-producing (+1.5%) and service-producing (+1.3%) businesses.
2023-06-07
Canadian Labor Productivity Contracts for 3rd Month
Labor productivity in Canadian businesses fell by 0.5% in the fourth quarter, extending the revised 0.3% decline in the previous period. It was the third consecutive quarterly decrease in labor productivity, primarily due to the first decline in business output (-0.3%) in six quarters, as the Canadian economy felt the impact of higher interest rates. In the meantime, hours worked in the business sector grew by 0.2%, the slowest pace in eight quarters. Labor productivity fell 1% for goods-producing industries, pressured by lower productivity in mining, oil, and gas extraction (-2%) and construction (-1.4%). On the other hand, productivity in services industries edged 0.1% higher.
2023-03-03
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