November 2023

84 Table 30: Sub-Industries of the Real Estate, Rental, and Leasing Industry [BS53] Real Value Added as a Share of the Real Estate, Rental, and Leasing Industry [BS53] Real Value Added and Level of Real Output per Hour in New Brunswick and Canada, 1997 and 2022 (expressed in percent) .......................... [...] 116 Table 44: Composition of Real Value Added of the Government Sector [GS00] and Level of Real Output per Hour in New Brunswick and Canada, 1997 and 2022 (expressed in percent) .................................... [...] This is due to the slower growth rate of labour productivity throughout the period in this industry of 3.86 percent per year throughout the period in Canada, in comparison to the growth rate of 5.25 percent annually in New Brunswick. [...] This can explain the large increase of labour productivity in the output of greenhouses in New Brunswick for this sub-industry and the overall industry between 2018 and 2019 and the continued high growth between 2019 and 2022. [...] As oil and gas extraction has the highest percent of real value added in this sector in Canada and the lowest percent in New Brunswick, the higher labour productivity level in Canada in the mining and oil and gas extraction industry is due to a composition effect.