The Contribution of Small and Medium-sized Businesses to Gross Domestic Product: A Canada-United States Comparison

Leung, Danny Rispoli, Luke

Economic Analysis (EA) Research Paper Series from Statistics Canada, Analytical Studies Branch

Abstract: Adopting the methodology used to produce estimates of gross domestic product (GDP) by size for the United States, this paper estimates GDP for small and medium-sized businesses versus large businesses for the Canadian non-agricultural business sector in 2005. In the entire non-agricultural business sector, small and medium-sized businesses with less than 500 employees account for 54.2% of GDP in Canada and for 50.7% of GDP in the United States. When two industries with heavy government ownership in Canada (health and education) are excluded, the results are 52.9% and 50.3%, respectively.

Keywords: Economic accounts; Business performance and ownership; Gross domestic product; Small and medium-sized businesses (search for similar items in EconPapers)
Date: 2011-06-13
New Economics Papers: this item is included in nep-bec
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Citations: View citations in EconPapers (4)

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