In recognition of October being Small Business Month, I thought it might be of interest to share a few statistics relating to small businesses in British Columbia. These statistics have been compiled by BC Stats, using data from Statistics Canada. Small businesses are defined as businesses with fewer than 50 employees and includes self-employed businesses without paid help.
HIGHLIGHTS FROM SMALL BUSINESS PROFILE 2010
- Small business makes up 98 per cent of all business in the province. At the South Cariboo Chamber of Commerce, 90% of members are small businesses, 8% are non-profit associations, 1% are non-voting associates and 1% are businesses with more than 50 employees.
- About 395,900 small businesses were operating in the province last year – up three per cent from 2008.
- Small business provides nearly 57 per cent of all private-sector jobs in British Columbia, the highest rate in the country. B.C. small businesses employed over a million people last year.
- British Columbia ranks second in Canada for the number of small businesses per capita, with 88.9 businesses per 1,000 people.
- Women make up 35 per cent of self-employed people in British Columbia, the fourth-highest rate in the country.
- Small business accounts for 32 per cent of British Columbia’s gross domestic product, above the Canadian average of 28 per cent.
- For the third straight year, British Columbia’s share of self-employed workers was the highest in the country, accounting for 19.7 per cent of total employment.
- The number of self-employed people in British Columbia rose 14 per cent between 2004 and 2009, well above the national average of 10.1 per cent.
- More British Columbians receive wages from small business than anywhere else in Canada. In 2009, B.C. small businesses accounted for 33 per cent of wages paid to workers – the national average was 27 per cent.
