Labour productivity in Canada declined by 0.5% in the first quarter of 2022, easing from an upwardly revised 0.6 percent fall in the previous quarter and marking the seventh consecutive quarterly decrease. Hours worked increased more than the business output, with hours worked in goods-producing industries and service-producing industries rising at the same pace of 1.4%. Overall, all the main industry sectors saw an increase in hours worked, except for accommodation and food services (-1.6%). Meanwhile, output from Canadian businesses eased to 0.9%, from 2% in the previous quarter, mainly driven by a slowdown in output of service-producing industries(0.6% vs 2.3%) due to tightened restrictions on account of the Omicron variant early in the quarter. In contrast, output continued to rise in goods-producing industries, increasing 1.8% in the first quarter of 2022 after posting a 1.6% gain in the previous quarter. source: Statistics Canada
Productivity in Canada averaged 89.46 points from 1981 until 2022, reaching an all time high of 126.52 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 July of 2022.
Productivity in Canada is expected to be 110.00 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 113.00 points in 2023 and 114.00 points in 2024, according to our econometric models.