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GDP (% Yearly Change) vs. Productivity (% Yearly Change)

Canadian Gross Domestic Product vs. Productivity Growth




Canadian Gross Domestic Product vs. Productivity
(Year to Quarter)
Quarter/Year GDP (% Change) Productivity (% Change)
IV/2019
0.5
0.2
I/2020
-0.9
3.6
II/2020
-16.7
14.9
III/2020
-6.9
4.0
IV2020
-1.3
3.8
I/2021
0.3
-2.1
II/2021
5.7
-12.57
III/2021
3.9
-5.4
IV/2021
3.3
-4.8
I/2022
2.9
-3.0*
II/2022
4.6
-1.6*
III/2022
0.11
-0.6*
IV/2022
-0.07
-0.7
I/2023
1.9
-1.8
II/2023
0.5
-2.2
III/2023
-0.4
-2.5

* Revised from Final Report


If you haven't done so yet, we recommend that you review the section on how we suggest this data should be interpeted.


Economic Analysis

Unless otherwise stated all references to Gross Domestic Product (GDP) or Productivity is based on year to quarter data. For reasons of continuity and comparisons with previous plots, the limits on the present graph has remained the same as before even though the economic decline exceeds those limits. The data source is Statistics Canada

Economy and Productivity

There isn't too much to say about the Canadian economy and labour productivity. The above graph pretty much explains the present situation. Productivity is the basic problem. Improving productivity should improve the economy.


I have heard people compare Canada to the United States. Both coutries have very different economies, populations, and cultures. They should not be compared. Canada should look to countries, such as Australia, that have similar populations, economies, and natural resources for advice.
Raymond D. Matkowsky


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