December 2023 C S L S

The industries with the largest contributions to productivity growth over the period were the finance and insurance sector, the wholesale trade sector, the manufacturing sector, the retail trade sector, and the agriculture, forestry, fishing, and hunting sector. [...] Over the period, the labour input share in the industry rose from 1.4% to 2.1% • The industries with the most significant contributions to productivity growth over the 2000-2022 period – a measure which reflects both the labour input share of a sector and its productivity growth trajectory – were finance and insurance (contribution of 0.19 points; growth rate of 2.23% per year), wholesale trade (0. [...] The industries with the largest contributions to productivity growth over the period were the finance and insurance sector, the wholesale trade sector, the manufacturing sector, the retail trade sector, and the agriculture, forestry, fishing, and hunting sector. [...] With the exception of Ireland, which is both the country with the highest GDP per hour and the country with the second highest rate of annual productivity growth post-2000, the countries with the highest levels of labour productivity do not tend to be the highest performers in terms of productivity growth. [...] productivity gap, and in particular, the asymmetrical manner in which it affected labour productivity in the two economies, Table 1 provides the annual productivity growth rates for Canada and the U.