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Dashboard of Economic Indicators

Business Establishments

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Data source – STATSCAN

  • In December 2017, there were 164,951 business establishments in Peel Region, comprising 143,457 (or 87.0 per cent of total) classified businesses and 21,494 unclassified1 businesses.
  • The 143,457 classified businesses can be disaggregated in several ways.
  • When disaggregated by businesses “with” and “without” employees,
    • 50,827 businesses (35.4 per cent) were businesses “with” employees,
    • 92,630 businesses (64.6 per cent) were “without” employees.
  • When disaggregated by the two major sub-sectors, the service sector accounted for 126,306 businesses in December 2017, while the remaining 19,151 businesses were in the goods producing sector.
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Data source – STATSCAN
  • These represented shares of 13.3 per cent and 86.7 per cent of total respectively.
  • At 86.7 per cent, the proportion of Peel’s total business establishments in services rose by 0.4 percentage points relative to December 2016 as the long-term shift of Peel’s businesses towards services continued.
  • In December 2017, the goods producing sector accounted for 13.3 per cent of total businesses, down from 13.7 per cent in December 2016.
  • Compared with December 2016, all goods producing sub-sectors lost shares reflecting:
    • A small loss in the number of businesses in the case of the sub-sectors agriculture, forestry, fishing and hunting, and manufacturing; and
    • Slower growth the remaining sub-sectors relative to the growth in total business establishments.

1 Unclassified business establishments are those which did fit into any of the North American Industry Classification System (NAICS) and are therefore not yet assigned NAICS code.