P.E.I. leads country in productivity growth
Kevin Yarr | CBC News | Posted: May 23, 2017 2:29 PM | Last Updated: May 23, 2017
Productivity gains little versus rest of country over last decade
Prince Edward Island led the country in productivity growth in 2016, but still has the lowest productivity in the country.
Labour productivity is a measure of the output of an economy compared to the number of hours worked. On P.E.I., productivity rose 4.8 per cent in 2016, compared to 0.6 per cent nationally.
| 2007 | 60.4% |
| Highest | 63.1% (in 2010) |
| Lowest | 55.6% (in 2014) |
| 2016 | 61.4% |
That was partly because the number of hours worked on the Island fell 1.9 per cent, while economic output continued to rise.
While P.E.I. had the largest growth, productivity on the Island remains the lowest in Canada. As measured in 2007 dollars, national productivity hit $50 an hour in 2016, while it was just $30.70 on P.E.I.
Over the last decade productivity on the Island, as compared to the national rate has been up and down, but has not changed significantly.
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