16 November 2016

Impact of Mental Health on the Canadian Economy

There was a report released in early September that said that the Canadian Economy loses $50 Billion annaully due to mental health.

The losses are from employees missing work due to mental health or showing up but are still suffering from mental health impacting their productivity. They even separated out the mental health concerns and their costs
The Conference Board of Canada said in the report that depression costs the economy at least $32.3 billion annually, while anxiety costs another $17.3 billion a year.
The Mental Health Commission of Canada which oversees the delivery of Mental Health First Aid shares these numbers:

  • 23% of workers experience physical health problems caused by stress, anxiety, and major depression
  • 1 in 5 workers experience fatigue, sleeping problems, headaches and anxiety
  • 20% of all sick leaves are related to mental health