Labour productivity of Canadian businesses rose 0.2 percent in the third quarter of 2019, following a downwardly revised 0.1 percent gain the previous period and missing market expectations of a 0.8 percent increase. Hours worked slowed considerably in the third quarter (0.1 percent vs 0.9 percent in Q2), and business output growth decelerated, but nonetheless still surpassed the growth in hours worked. The real GDP of business eased (0.3 percent vs 1 percent), mainly due to a decrease in goods-producing businesses (-0.3 percent), in particular to declines in the mining, quarrying, and oil and gas extraction, and manufacturing sectors. Meantime, output growth of service-producing businesses continued at a similar pace as in the previous quarter (at 0.8 percent). The productivity increase was mainly driven by service-producing businesses (0.7 percent), as the largest contributors were real estate (2.1 percent), retail trade (1.5 percent) and wholesale trade (1 percent).

Productivity in Canada averaged 88 Index Points from 1981 until 2019, reaching an all time high of 106.95 Index Points in the third quarter of 2019 and a record low of 67.27 Index Points in the third quarter of 1981. This page provides - Canada Productivity - actual values, historical data, forecast, chart, statistics, economic calendar and news. 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 107.60 in 12 months time. In the long-term, the Canada Productivity is projected to trend around 109.00 points in 2020, according to our econometric models.


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Canada Productivity

Actual Previous Highest Lowest Dates Unit Frequency
106.95 106.71 106.95 67.27 1981 - 2019 points Quarterly
SA, 2012=100

Calendar GMT Actual Previous Consensus TEForecast
2019-03-06 01:30 PM Q4 -0.4% 0.2% 0.2% 0.2%
2019-06-05 12:30 PM Q1 0.3% -0.4% 0.3% 0.1%
2019-09-04 12:30 PM Q2 0.2% 0.4% 0.3% 0.1%
2019-12-04 01:30 PM Q3 0.2% 0.1% 0.8% 0.4%
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News Stream
2019-09-04
Canada Labor Productivity Rises Less than Expected
Labour productivity of Canadian businesses increased 0.2 percent in the second quarter of 2019, easing from an upwardly revised 0.4 percent gain in the first quarter and worse than market expectations of a 0.3 percent increase. Hours worked rebounded (0.8 percent vs -0.4 percent in Q1), while growth in business output also accelerated, surpassing the gain in hours worked. The real GDP of business accelerated (2.3 percent vs 1.5 percent), with mining, quarrying, and oil and gas extraction sector contributing the most to the gain. The productivity increase in the second quarter was mainly attributable to goods-producing businesses (0.6 percent) while in service-producing business declined 0.2 percent.

2019-06-05
Canada Labour Productivity Rebounds in Q1
Labour productivity of Canadian businesses rose 0.3 percent in the first quarter of 2019, rebounding from a 0.4 percent fall in the previous period and matching market expectations. The rise in productivity reflected the decline in hours worked following seven consecutive quarterly gains, while business output remained virtually unchanged. The real GDP of business output dropped 0.1 percent for the second straight quarter, as the decrease in the output of goods-producing businesses (-0.6 percent) offset the growth in service-producing businesses (+0.4 percent). Hours worked in the business sector went down 0.3 percent, after increasing 0.4 percent in Q4. It was the first decline in hours worked in two years, as hours worked fell at a similar pace in both goods-producing (-0.3 percent) and service-producing (-0.4 percent) businesses. The increase in productivity in Q1 was due to service-producing businesses (0.7 percent) while in goods-producing businesses productivity fell 0.3 percent.

2019-03-06
Canada Labour Productivity Falls Unexpectedly in Q4
Labour productivity of Canadian businesses decreased 0.4% in the fourth quarter 2018, after a downwardly revised 0.2% rise in the previous period and against market expectations of a 0.2% gain. This decline reflected the continued growth in hours worked, while business output remained at about the same level as in the previous quarter. The real GDP of business was unchanged in Q4, following nine quarterly increases. The output growth in services-producing businesses (0.5%) was offset by a decline in the output of goods-producing businesses (-0.9%). Hours worked in the business sector rose 0.4% in the Q4, following a 0.3% increase in Q3. Hours worked increased in both goods-producing (1.1%) and services-producing businesses (0.1%). Productivity fell further in goods-producing businesses (-1.9% from -0.1%) while it increased faster in services-producing businesses (0.4% from 0.2%). In 2018, labour productivity of Canadian businesses was unchanged, following a 1.9% increase in 2017.


Canada Productivity
In Canada, Productivity is the real value of output produced by a unit of labor during a certain time.

Canada Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.60 5.90 13.10 2.90 percent [+]
Employed Persons 19127.40 19092.20 19165.20 9636.70 Thousand [+]
Unemployed Persons 1142.80 1194.30 1748.90 691.50 Thousand [+]
Part Time Employment -3.20 -32.80 136.30 -124.40 Thousand [+]
Full Time Employment 38.40 -38.40 148.40 -145.10 Thousand [+]
Employment Change 35.20 -71.20 106.50 -124.80 Thousand [+]
Labor Force Participation Rate 65.50 65.60 67.70 61.40 percent [+]
Youth Unemployment Rate 11.10 11.60 20.70 10.00 percent [+]
Productivity 106.95 106.71 106.95 67.27 points [+]
Labour Costs 109.95 108.82 109.95 43.75 points [+]
Wages 25.79 25.55 25.79 13.73 CAD/Hour [+]
Wages in Manufacturing 25.89 26.04 26.54 14.96 CAD/Hour [+]
Minimum Wages 14.00 14.00 14.00 1.00 CAD/Hour [+]
Population 37.31 36.96 37.31 17.91 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Wage Growth 3.30 3.70 5.50 -0.40 percent [+]
Non Farm Payrolls 17016.20 17022.30 17022.30 10863.80 Thousand [+]
Job Vacancies 581595.00 506140.00 581595.00 330215.00 [+]
Living Wage Family 2580.00 2640.00 2640.00 2440.00 CAD/Month [+]
Living Wage Individual 1930.00 1960.00 1960.00 1790.00 CAD/Month [+]
Adp Employment Change 46.20 30.90 110.00 -37.00 Thousand [+]
Average Hourly Earnings 28.91 28.95 28.99 15.88 CAD [+]
Employment Rate 61.80 61.70 63.70 56.00 percent [+]