The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
March 05, 2025CANADA BUSINESS SECTOR LABOUR PRODUCTIVITY, Q4 AND ANNUAL 2024 
Labour productivity of Canadian businesses increased at a seasonally adjusted annualized rate of 2.3% from Q3 2024 to Q4 2024, following a gain of 0.2% in Q3 2024. Hours worked increased 0.9% and output was up 3.3%.
Total compensation per hour increased at a seasonally adjusted annualized rate of 3.2% in Q4 2024, the fifteenth consecutive increase since the second quarter of 2021. Unit labour costs of Canadian businesses increased at a seasonally adjusted annualized rate of 0.9% in Q4 2024.
Annual 2024
On an annual basis, labour productivity of Canadian businesses rose 0.6% in 2024, following a decline from 2021 to 2023. The annual productivity gain in 2024 was driven by real business GDP growth (+1.1%) being higher than the growth in hours worked (+0.6%).
Hourly compensation was up 4.3% in 2024, thus unit labour costs rose 3.7% with the gain in labour productivity (+0.6%).
Statistics Canada. Table 36-10-0206-01 Indexes of business sector labour productivity, unit labour cost and related variables
<--- Return to Archive
