Labor productivity for Canadian businesses rose 0.2% in the second quarter, after falling 0.5% in the previous quarter. This was the first increase in productivity since the second quarter of 2020, as the lifting of public health measures in almost all regions of the country during the second quarter led businesses to carry out their economic activities without any pandemic-related restrictions. For the first time since the beginning of the pandemic, business output rose faster than hours worked, but productivity is still 1.3% below pre-pandemic levels. Hours worked in the business sector rose 0.7%, much less than in each of the three previous quarters. 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 September 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.