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. source: Statistics Canada
Productivity in Canada averaged 88.69 points from 1981 until 2020, reaching an all time high of 124.61 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 January of 2021.
Productivity in Canada is expected to be 118.50 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 122.20 in 12 months time. In the long-term, the Canada Productivity is projected to trend around 122.40 points in 2021 and 122.60 points in 2022, according to our econometric models.