A Detailed Analysis of Labour Productivity Development in New Brunswick, 1997-2022

Adriana Suuronen

No 2023-10, CSLS Research Reports from Centre for the Study of Living Standards

Abstract: This report analyzes labour productivity developments in New Brunswick at the aggregate level and for two-digit NAICS industries between 1997 and 2022. Total economy labour productivity increased in New Brunswick by 1.05 percent per year over the period, similarly to Canda’s growth rate of 1.12 percent per year. Nevertheless, the level of labour productivity in New Brunswick was only 80.5 percent of Canada’s value in 2022. In New Brunswick, business sector industries experienced labour productivity growth of 1.12 percent per year and non-business industries grew at a rate of 0.71 percent annually between 1997 and 2022. Growth was slightly higher in Canada during the period of 1.19 percent per year for business sector industries and 0.85 percent annually for non-business sector industries. Industries that disproportionately contributed to growth of the total economy labour productivity in New Brunswick include: agriculture, forestry, fishing, and hunting (which experienced a growth rate of 5.25 percent annually during the period); mining and oil and gas extraction (which decreased at a rate of 4.16 percent per year); wholesale trade (which experienced a growth rate of 2.60 percent during the period); transportation and warehousing (which experienced growth rate of 2.04 percent annually during the period); and informational and cultural industries (which experienced a growth rate of 2.44 percent annually during the period).

Keywords: New Brunswick; labour productivity; NAICS industries; business sector; provincial productivity; output per hour (search for similar items in EconPapers)
Date: 2023-11
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