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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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    File URL: http://www.statcan.gc.ca/bsolc/olc-cel/olc-cel?catno=11F0027M2011070&lang=eng
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    File URL: http://www.statcan.gc.ca/bsolc/olc-cel/olc-cel?catno=11F0027M2011070&lang=eng
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    Citations

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    Cited by:

    1. Jack Mintz & Patrick Smith & V. Balaji Venkatachalam, 2021. "A New Approach to Improving Small-Business Tax Competitiveness," SPP Research Papers, The School of Public Policy, University of Calgary, vol. 14(24), October.
    2. Tina Highfill & Richard Cao, 2022. "First Quarter Wages and Employment by Industry for Small Businesses Using Establishment-Based Size Classes, 2012–2021," BEA Working Papers 0203, Bureau of Economic Analysis.
    3. Tina Highfill & Richard Cao & Richard Schwinn & Richard Prisinzano & Danny Leung, 2020. "Measuring the Small Business Economy," BEA Working Papers 0173, Bureau of Economic Analysis.
    4. Tina Highfill & Erich Strassner & Tom Howells, 2018. "Experimental Estimates of Wages and Gross Output by Business Size and Industry, 2002–2012," BEA Working Papers 0152, Bureau of Economic Analysis.

    More about this item

    Keywords

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