Productivity - Canadian Industry Statistics
Wholesale trade - 41
The Labour productivity index can be used to identify trends in labour-productivity within the sector and to demonstrate changes when compared to the Canadian economy.
Between 2021 and 2022, labour productivity for this sector decreased 3.8% compared to -1% for the Canadian economy (NAICS 11-91).
| 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Wholesale trade 41 | 97.7 | 98.4 | 98.2 | 97.5 | 100.0 | 102.0 | 102.2 | 101.5 | 105.5 | 112.7 | 113.0 | 109.6 | 107.8 | 106.6 | 105.4 | 107.9 | 105.6 | 103.6 | 101.3 | 101.5 |
| Canadian Economy 11-91 | 100.0 | 100.4 | 100.0 | 99.9 | 100.5 | 100.4 | 100.4 | 100.9 | 105.5 | 118.3 | 107.1 | 105.2 | 104.2 | 103.5 | 102.6 | 102.3 | 102.8 | 102.7 | 102.3 | 101.6 |
Source: Statistics Canada, tables 36-10-0207-01 and 36-10-0480-01.
Notes
Labour productivity data is only available at the NAICS sector (2-digit) level. As a result, businesses should use caution when using the data to make inferences about more specific industry segments.
Labour productivity index measures the extent to which labour is efficiently used. An increase in labour productivity is associated with increases to real incomes and the standard of living for an economy. It is determined by its capital intensity (or changes in the amount of capital per hour worked), investment in human capital, and multi-factor productivity which includes technological change, organizational innovation, and economies of scale.
Annual measures of labour productivity are helpful in identifying sources of economic growth, indicate how efficiently labour is used in production, and compute unit labour costs. However, these measurements must be interpreted carefully, as labour productivity estimates reflect change in other factors of production (such as capital) in addition to growth in productivity efficiency.
Labour productivity defines its hours worked, as the total number of hours a person spends working, whether paid or not. Time lost to strikes, lockouts, sick leave, etc., is not included but travel time, time training, and overtime hours are comprised in the total.