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 June 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.

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Canada Productivity



Calendar GMT Actual Previous Consensus TEForecast
2022-03-04 01:30 PM Q4 -0.5% -1.2% -0.4%
2022-06-03 12:30 PM Q1 -0.5% -0.6% -0.2%


Related Last Previous Unit Reference
Unemployment Rate 5.10 5.20 percent May 2022
Unemployed Persons 1057.80 1085.80 Thousand May 2022
Employed Persons 19640.30 19600.50 Thousand May 2022
Full Time Employment 135.40 -31.60 Thousand May 2022
Part Time Employment -95.80 47.10 Thousand May 2022
Employment Change 39.80 15.30 Thousand May 2022
Labor Force Participation Rate 65.30 65.30 percent May 2022
Youth Unemployment Rate 9.80 10.10 percent May 2022
Productivity 106.98 107.46 points Mar 2022
Labour Costs 124.15 120.53 points Mar 2022
Wages 28.68 28.53 CAD/Hour Apr 2022
Minimum Wages 15.50 15.00 CAD/Hour Oct 2022
Wages in Manufacturing 28.67 28.90 CAD/Hour Apr 2022
Population 38.44 38.01 Million Dec 2021
Average Hourly Earnings 32.14 31.80 CAD May 2022
Employment Rate 61.90 61.90 percent May 2022
Non Farm Payrolls 17457.00 17311.00 Thousand Apr 2022
Job Vacancies 890385.00 915545.00 Mar 2022
Wage Growth 4.30 2.10 percent Mar 2022

Canada Productivity
In Canada, Productivity is the real value of output produced by a unit of labor during a certain time.
Actual Previous Highest Lowest Dates Unit Frequency
106.98 107.46 126.52 67.26 1981 - 2022 points Quarterly
SA, 2012=100

News Stream
Canada Labour Productivity Declines for 7th Quarter
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.
2022-06-03
Canada Labour Productivity Declines in Q4
Labour productivity in Canada declined by 0.5% in the fourth quarter of 2021, easing from the downwardly revised 1.2% decline in the previous quarter and marking the sixth consecutive quarterly decrease. Hours worked increased more than business output, particularly in sectors that were affected the most since the pandemic began, including retail trade, accommodation and food services, construction, professional services, and manufacturing. Hours worked in the business sector rose by 2.6% in the fourth quarter, following a 2.7% increase in the previous period and gaining in both service producing industries (2.9%) and goods producing industries (1.8%). Meanwhile, output from Canadian businesses rose 2%, extending last quarter’s 1.4% increase. Overall, all major industries increased their output in the fourth quarter, except the utilites sector (-0.1%).
2022-03-04
Canada Labour Productivity Declines in Q3
Labour productivity in Canada declined by 1.5 % in the third quarter, rebounding from a downwardly revised zero growth in the previous quarter as hours worked increased more quickly than the business output, particularly in sectors which add lower value to the productivity, like accommodation and food services,arts, entertainment and recreation. Hours worked in the business sector rose 2.9% in the third quarter, following a1.3% decline in the previous quarter and rebounding in both service-producing businesses (+ 3.8% vs 1.1% decline in Q2) and goods-producing businesses (+0.9% vs -1.7%). Meanwhile, output from Canadian businesses rose 1.4% ,rebounding from an upwardly revised 1.3% decline in the previous quarter.Overall, 10 of the 16 industry sectors increased their output, with the growth posted by service-producing businesses (+2.3%) more than offsetting the decline posted by goods-producing businesses (-0.9%).
2021-12-03