From 2015 to 2023, omitting 2020 due to COVID, labour productivity has declined by an average of 0.8 per cent annually.
From 2015 to 2023, omitting 2020 due to COVID, labour productivity has declined by an average of 0.8 per cent annually.
Canada’s GDP per hour worked—a key measure of productivity growth—is among the lowest in the OECD.
Per-person GDP, a common indicator of living standards, now sits below where it was at the end of 2014.
Since 2015, per-person GDP in Canada has grown by only 1.9 per cent.
In Nova Scotia, government spending as a share of the economy averaged more than 60 per cent from 2007 and 2019.
Over the past eight years, Canada's growth in real GDP per person is a paltry 1.6 per cent versus 14.7 per cent in the United States.
Federal gross debt will reach a projected $2.4 trillion by 2027-28.
Between 2014 and 2022, business investment in plants, machinery, equipment and new technologies declined by 1.2 per cent annually on average.