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

Author

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  • Leung, Danny
  • Rispoli, Luke

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.

Suggested Citation

  • Leung, Danny & Rispoli, Luke, 2011. "The Contribution of Small and Medium-sized Businesses to Gross Domestic Product: A Canada-United States Comparison," Economic Analysis (EA) Research Paper Series 2011070e, Statistics Canada, Analytical Studies Branch.
  • Handle: RePEc:stc:stcp5e:2011070e
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    Keywords

    Business performance and ownership; Economic accounts; Gross domestic product; Small and medium-sized businesses;

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