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1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | |
---|---|---|---|---|---|---|---|---|
% change from previous year | ||||||||
Canada | ||||||||
Labour productivity | 2.6 | 1.5 | 3.3 | 3.6 | 1.7 | 2.5 | 0.2 | 0.0 |
Real GDP | 5.9 | 4.5 | 6.9 | 6.3 | 1.8 | 3.6 | 1.7 | 2.9 |
Hours worked | 3.4 | 2.9 | 3.6 | 2.5 | 0.1 | 1.1 | 1.5 | 2.8 |
Hourly compensation | 4.7 | 3.1 | 2.6 | 5.9 | 4.0 | 2.2 | 1.4 | 1.2 |
Unit labour cost | 2.0 | 1.5 | -0.5 | 2.1 | 2.4 | -0.4 | 1.2 | 1.1 |
Exchange rate 2 | 1.5 | 7.1 | 0.2 | 0.0 | 4.3 | 1.3 | -10.8 | -7.1 |
Unit labour cost in US$ | 0.5 | -5.2 | -0.7 | 2.1 | -1.8 | -1.8 | 13.6 | 8.8 |
United States | ||||||||
Labour productivity | 1.9 | 2.7 | 2.9 | 2.9 | 2.5 | 4.3 | 4.5 | 4.0 |
Real GDP | 5.3 | 4.8 | 5.1 | 3.9 | 0.3 | 1.8 | 3.8 | 5.1 |
Hours worked | 3.4 | 2.1 | 2.2 | 1.0 | -2.1 | -2.4 | -0.6 | 1.1 |
Hourly compensation | 3.2 | 6.0 | 4.8 | 7.1 | 4.2 | 3.1 | 4.1 | 4.5 |
Unit labour cost | 1.3 | 3.3 | 1.8 | 4.0 | 1.6 | -1.1 | -0.4 | 0.5 |
1 Source: U.S. data are from the Bureau of Labor Statistics, Productivity and costs, published in NEWS. |
2 The exchange rate corresponds to the U.S. dollar value expressed in Canadian dollars. |