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).
Productivity in Canada averaged 88.14 points from 1981 until 2019, reaching an all time high of 106.92 points in the third quarter of 2019 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 April of 2020. source: Statistics Canada
Productivity in Canada is expected to be 106.80 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 106.50 in 12 months time. In the long-term, the Canada Productivity is projected to trend around 107.00 points in 2021 and 108.00 points in 2022, according to our econometric models.