Total factor productivity growth projection for Canada: A sectoral approach https://www.bankofcanada.ca/?p=238757 Manufacturing (left scale) Services (left scale) Mining, oil and gas (left scale) Other (left scale) Business sector TFP growth (right scale) Historical average (1962–2019), business sector TFP growth (right scale) Digitalization (left scale) Aging population (left scale) Climate change policies (left scale) Other factors (left scale) Business sector TFP (right scale) Labour productivity growth Total factor productivity growth Agriculture, forestry and fishing Electric utilities Gas utilities Non-durable goods manufacturing Durable goods manufacturing Petroleum refining Transportation Crude oil and gas extraction Mining, excluding crude oil and gas extraction Construction Services, excluding transportation 1976–2000 2001–19 2020–22 2023–30 Agriculture Manufacturing Services Other Digitalization Aged 29 and under Aged 30–49 Aged 50 and over Older workers (aged 50 and over) Young workers (aged 29 and under) Older workers Young workers Population aging Impact from climate policies Sectoral share 0.600.48-0.250.140.960.62 0.31-0.03-0.210.270.350.620.060.170.0000.120.351.340.350.010.020.04-0.010.06-0.010.170.16 0.460.040.050.010.570.620.190.240.0000.130.571.600.570.040.070.08-0.010.190.010.240.24 0.000.24-0.600.04-0.320.62-0.01-0.240.000-0.07-0.321.16-0.32-0.010.070.01-0.08-0.01-0.20-0.07-0.27 0.180.350.070.090.690.620.040.050.0000.600.690.980.690.01-0.030.030.030.04-0.050.110.06 0.140.34-0.040.100.540.620.130.070.0040.330.540.000.030.100.000.130.030.050.08 0.24 1.66 0.960.020.020.02-0.010.05 11.442.593.691.88 13.704.903.253.46 8.543.677.443.92 -1.13-1.74 0.21-2.86 -0.27-0.26 0.16-0.12 3.030.03 1.691.16 0.950.16 -1.800.14 -2.130.07 -2.200.01 -2.320.07 -4.560.13 -16.980.05 -18.410.03 -20.230.02 100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00 117.90101.55118.50105.99108.26124.6299.71105.2595.1398.4899.87 130.95104.77127.87109.02110.70130.16107.87105.1898.1296.78100.02 120.65110.91129.50111.12115.50141.61114.21106.37109.1298.61101.63 127.29115.44136.25111.21119.56147.02117.36106.24106.5998.03101.64 134.23118.12138.75111.58117.71157.77122.35108.0497.4992.54102.67 112.62117.63140.07109.27116.50143.15122.76111.7198.3198.00101.78 122.20118.89143.94111.90124.28147.38127.52116.28101.45105.21103.55 130.47118.68146.78114.63130.30141.53136.47115.4299.88104.89103.20 125.31126.56158.34113.30124.55127.15149.36125.4094.40110.53106.21 139.49125.83173.89118.18130.58130.48152.91122.1080.32105.28105.82 124.15137.72186.39122.21138.65131.79157.04134.8379.47104.71107.65 123.84143.57185.16127.27144.92142.22162.52144.8790.7098.17106.07 108.44146.98185.43128.58148.62125.72162.70127.9681.1495.59105.73 119.19138.07180.14119.78145.67119.26162.90106.2775.31105.94106.91 135.47140.33179.34130.31153.65130.24166.8290.9578.23117.86109.6040.635739.558219.8061 131.45144.98196.67136.12159.52141.46170.5088.9277.15125.46110.5840.441840.188619.3696 122.78141.12170.42143.21164.19131.82175.2980.9777.22120.78112.6640.363140.621219.0156 105.38138.02168.17145.41163.93137.28188.4482.6676.72119.55109.6840.508840.575518.9157 109.03141.39175.29142.82155.53135.14178.8468.3574.81128.90108.1240.425041.123918.4511 118.40129.79157.64144.82158.36155.98177.7958.3768.86132.33111.3639.962041.648518.3895 123.85120.22144.49139.95156.56144.30174.8454.9464.33143.97110.6438.406742.926018.6673 125.32121.11161.68151.69163.51140.56185.7256.5465.24143.82111.5437.818643.647818.5336 124.34131.83156.20161.46186.85150.52192.4556.3580.38139.12111.8137.452644.354918.1925 127.59138.04162.71164.71191.15150.17194.1456.6881.58137.72113.8937.066245.224517.7094 136.63142.93145.19162.60182.24161.88190.0652.5577.52139.28112.7036.698945.974717.3264 132.75147.82136.81164.72181.31170.83202.6954.9383.48135.15111.0636.065846.943816.9905 130.83148.02143.83163.99189.51196.40209.0658.7989.25132.90109.0935.240747.770616.9886 142.54135.74151.01158.97194.40204.83200.2457.0082.57133.30108.4134.433148.769616.7973 156.58128.22139.77158.66191.79221.71200.6658.1182.88132.05105.8433.100350.157916.7418 156.02128.59139.87157.53185.54213.41184.3760.3187.70129.70102.8331.429051.524117.0470 143.07122.92139.32159.84194.46231.28190.4867.8386.21126.66104.5830.229252.389717.3812 148.64124.18142.73163.98207.15231.87192.2271.9991.63122.48104.3829.074653.261117.6643 150.90130.55140.08169.74220.47250.60203.2570.4791.84118.23107.0828.362653.937217.7002 152.85137.76144.92171.08221.97253.28201.2568.6393.03115.66107.1827.639554.552417.8081 158.99142.21151.58169.56218.99272.74200.6665.2893.08118.31105.9127.051454.784218.1644 153.12144.82144.25173.53226.39284.49201.9662.6788.94117.93107.5726.331754.680818.9875 163.50142.86137.06178.02234.48309.73192.1762.8691.66119.02108.3526.242354.276119.4816 175.71146.12144.34182.21251.67287.64191.3060.4195.70120.49109.3326.357853.540320.1020 184.31144.20162.44195.75265.87274.07195.2356.41100.90123.18110.1326.388052.898820.7133 180.00136.72151.44196.86252.62294.20198.7150.45103.57128.36113.0226.280352.356621.3631 169.50146.19149.48205.83251.94289.19196.0451.12101.52131.94114.9326.138551.747322.1142 184.16142.96141.20203.12247.42265.91198.1648.17107.91134.15114.2725.995450.748623.2560 198.79139.27130.47204.01254.18243.25198.9244.56106.63133.26114.1225.742350.288223.9696 204.63145.15122.99209.04259.43209.01213.2439.54103.60132.27114.4325.744749.458124.7972 209.91142.46122.19210.86259.60181.50211.9036.9792.86129.36114.9226.159848.346125.4941 211.22148.64128.83208.60251.99171.37207.9134.8986.86126.41115.2526.184447.363426.4522 233.14151.99137.22209.02246.63155.19203.1231.7380.13121.62113.5226.181546.632827.1857 225.00143.83137.28198.15222.97155.52196.4330.7059.37120.59114.0125.518445.980428.5013 226.34141.44137.29202.34238.51145.71198.5030.8265.01121.70114.8725.325945.458429.2157 234.07142.57138.46206.22249.68136.50198.9030.4063.55122.05113.6225.081644.993229.9252 231.72143.71139.64206.12257.74142.14199.3128.2255.35122.57114.0224.846444.281630.8720 264.58144.86140.84210.48256.08152.55199.7228.6153.23125.16115.5924.589643.855231.5552 260.19146.02142.04217.56262.64160.51200.1329.9256.37126.09116.9424.489943.452132.0580 270.50147.19143.26223.50255.17161.77200.5331.3254.75123.37117.2124.369643.269732.3607 280.60148.36144.48227.58253.43164.66200.9433.0955.23123.59117.9424.234543.094232.6713 285.43149.55145.72227.35256.47167.20201.3635.4959.28123.80119.8424.447942.866232.6860 280.43150.75146.96223.51258.70175.97201.7737.7058.90124.31120.2624.641942.699532.6586 279.89151.95148.22215.41261.07173.56202.1838.3257.16122.31120.8924.652042.850332.4977 287.11152.67148.70217.30262.65175.50202.3237.9756.75122.31121.3423.111843.854933.0333 294.52153.06149.19219.21264.24177.45202.4637.6156.35122.31121.7923.794543.655632.5500 302.12154.30149.68221.13265.84179.43202.6037.2655.94122.31122.24 309.92155.27150.17223.08267.45181.43202.7436.9155.55122.31122.69 317.92156.20150.66225.03269.07183.45202.8836.5755.15122.31123.15 326.13157.11151.15227.01270.70185.49203.0236.2354.76122.31123.61 334.54158.00151.65229.00272.34187.56203.1635.8954.37122.31124.07 343.18158.86152.15231.01273.99189.65203.3035.5653.98122.31124.53 352.04159.70152.64233.04275.65191.76203.4435.2353.59122.31124.99 361.12160.53153.14235.08277.32193.89203.5834.9053.21122.31125.45 370.44161.32153.64237.14279.00196.05203.7234.5852.83122.42125.92