Labour productivity in Canada fell 1.7% in the first quarter, after posting a decline of 2.1% in the previous quarter and a record decrease of 9.8% in the third quarter of 2020. This third consecutive quarterly drop continued to offset the strong gains in productivity observed in the first two quarters of 2020. Meanwhile, hours worked in the business sector rose 3.2% in the first quarter, the third-largest consecutive gain ever seen. It follows a strong 4.8% advance in the previous quarter and a net rebound of 23.1% in the third quarter of 2020. Growth in businesses' real GDP slowed to 1.5% in the first quarter, down from the increase of 2.5% in the previous quarter and the 11.1% rebound in the third quarter of 2020. The output of goods-producing businesses was relatively closer to its pre-COVID-19 level (-1.3%), while the output of service-producing businesses was 4.1% below its level in the fourth quarter of 2019. source: Statistics Canada

Productivity in Canada averaged 89 points from 1981 until 2021, reaching an all time high of 126.77 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 June of 2021.

Productivity in Canada is expected to be 113.00 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 113.00 in 12 months time. In the long-term, the Canada Productivity is projected to trend around 110.00 points in 2022, 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.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Canada Productivity

Actual Previous Highest Lowest Dates Unit Frequency
110.03 111.95 126.77 67.26 1981 - 2021 points Quarterly
SA, 2012=100


Calendar GMT Actual Previous Consensus TEForecast
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%
2021-06-04 12:30 PM Q1 -1.7% -2.1% 3%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Canada Labour Productivity Falls for the 3rd Quarter
Labour productivity in Canada fell 1.7% in the first quarter, after posting a decline of 2.1% in the previous quarter and a record decrease of 9.8% in the third quarter of 2020. This third consecutive quarterly drop continued to offset the strong gains in productivity observed in the first two quarters of 2020. Meanwhile, hours worked in the business sector rose 3.2% in the first quarter, the third-largest consecutive gain ever seen. It follows a strong 4.8% advance in the previous quarter and a net rebound of 23.1% in the third quarter of 2020. Growth in businesses' real GDP slowed to 1.5% in the first quarter, down from the increase of 2.5% in the previous quarter and the 11.1% rebound in the third quarter of 2020. The output of goods-producing businesses was relatively closer to its pre-COVID-19 level (-1.3%), while the output of service-producing businesses was 4.1% below its level in the fourth quarter of 2019.
2021-06-04
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 Productivity
In Canada, Productivity is the real value of output produced by a unit of labor during a certain time.