Surpasses national average in 2012
CALGARY - Productivity increased and surpassed the national average in Alberta, Ontario, Quebec, and Manitoba in 2012, says Statistics Canada.
In a report released Wednesday, the federal agency said all other provinces and territories experienced a decline in business productivity. At the national level, business productivity edged up 0.2 per cent, after increasing 1.1 per cent in 2011.
In 2012, real gross domestic product (GDP) of businesses increased in every province and territory, except Newfoundland and Labrador, Nova Scotia and New Brunswick, while hours worked increased in all provinces and territories, it said.
“In Alberta, business productivity advanced 0.7 per cent in 2012, the same rate as in 2011. The increase in 2012 was attributable to service-producing businesses, which posted a 1.2 per cent gain. In goods-producing businesses, productivity decreased 0.1 per cent,” said Statistics Canada.
“The real GDP of businesses in Alberta was up 4.0 per cent, mainly a reflection of increased activity in oil and gas extraction, manufacturing, construction and retail trade. Hours worked in the business sector were up 3.3 per cent, following a 5.4 per cent increase in 2011.”