We all know that small businesses are pretty important to the Canadian economy, but their contribution is often underestimated. That’s why we’re bringing you this round up of small biz stats from Industry Canada—so that we all gain a proper appreciation for the role they play in our country.
Did you know:
- There are over one million small businesses that have employees (excludes self-employed entrepreneurs).
- Small businesses contribute slightly more than 30 percent to Canada’s GDP.
- 98 percent of businesses in Canada have fewer than 100 employees.
- As of 2010, small businesses employed approximately 5 million people in Canada, or 48 of the private sector labour force.
- Small businesses created about 15,000 jobs in Canada in 2010.
- Approximately 16 percent of workers were self-employed in 2010.
- Small businesses account for over two thirds of employment in non-institutional health care, forestry, construction, accommodation and food, and other services.
- About 86 percent of Canadian exporters are small businesses. In 2009, small businesses were responsible for $68 billion of exports (approx. 25 percent of Canada’s total).
All these numbers add up to a very large engine driving our economy and making Canada a great place to work and live. In fact, a recent Connected for Business magazine article referenced a study that showed Canada leading the world in things like business confidence and affordable start-up costs.
So if you own or work for a small business, stand up tall! And thanks from Rogers for your contribution.
If you want to dig deeper into Canadian small business statistics, check out Industry Canada’s Key Small Business Statistics (July 2011).
Do you have any small business stats you can share with Redboard Biz readers?
Geoffrey is a regular contributor to RedBoard Biz