Study highlights SME economic contribution

Statistics Canada has released a new study that investigates the contributions of business to the Canadian economy.

“The study Small, Medium-sized and Large Businesses in the Canadian Economy: Measuring Their Contribution to Gross Domestic Product in 2005” provides the first estimates of gross domestic product (GDP) in the business sector based on firm size. – The Daily, Statistics Canada

The study highlights the large contribution and positive impact of small and medium sized business:

Small and medium-sized businesses, that is, those with fewer than 500 employees, accounted for just over one-half of GDP in the business sector in 2005. – The Daily, Statistics Canada

More information on the study can be found here.
Download and/or view the study here.

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