Multifactor productivity growth estimates and industry productivity database, 2023

Multifactor productivity (MFP), measured as output per unit of combined labour and capital inputs, declined by 1.7% in the Canadian business sector in 2023, following a 0.6% increase in 2022. The decrease in MFP in 2023 reflected a 1.2% gain in gross domestic product (GDP) relative to a 3.0% increase in the combined inputs of capital and labour.