In this blog post, I’ll discuss the results of a study conducted by the Industrial Organization and Finance Division of Statistics Canada, entitled, “Small and Medium-Sized Entreprises Growth Study: Actual vs. Sustainable Growth” and conducted by Daniel L. Seens, CFA, in March 2013.
This report collected information about the distribution of SMEs per industry in Canada.
Three sources were grouped together for the analysis of the results: information updated by the Quarterly Survey of Financial Statements, administrative data on corporation taxes and data collected from a report on public companies.
When I read through the report, I thought it would be interesting to present the distribution figures (%) of small and medium-sized enterprises from various industries in Canada. The following industries are mentioned in the report: primary, construction, manufacturing, wholesale, retail, professional, scientific and technical services, accommodation and food service and other services.
The graph above demonstrates the following:
- – 25% of small and medium-sized enterprises operate in professional, scientific and technical services
- – In the construction sector, 20% of companies are SME
- – 13% of SME are in retail and 8% in wholesale
- – 9% of small and medium-sized entreprises are from the primary sector, which accounts for all activities whose end result is the processing of natural resources: agriculture, fishing, forestry, mines, deposits
- – 9% of small and medium-sized entreprises are part of the industry labelled as other services
- – 8% of SME are from the accommodation and food service industry
- – Lastly, 7% of companies operate in the manufacturing sector
I’m pretty sure that Exo Marketing is a member of the professional, scientific and technical services industry, which is where the majority of companies are. Further in the report, the author mentions that this sector has experienced a 5% real growth rate. But this could also be the subject of another blog post.
What industry is your company in? Is it a sector that’s experiencing growth?
