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Get the inside scoop on your industry from Canadian Industry Statistics

July 9, 2012 - Tags: Research and data

Istock 000002511934largeAs an entrepreneur, it's important to know what is going on in your industry, but finding reliable information can be difficult. If you are curious about overall trends and the number of establishments in your industry, the Canadian Industry Statistics website puts the information you need at your fingertips.

Canadian Industry Statistics is a free online resource that offers industry-specific Statistics Canada data as well as information on the Canadian economy as a whole. This information can help you identify current trends in your industry and compare yourself to other businesses.

Canadian Industry Statistics has information on topics including:

  • The total number of establishments in each industry
  • Labour productivity
  • Capital investment
  • International trade (such as imports, exports, and trade balances)
  • Gross Domestic Product

You can also get information on average revenues, expenses, and profits for all small and medium-sized businesses in the Canadian economy combined.

If you want to compare your performance against similar businesses, Canadian Industry Statistics also offers useful benchmarking data that can help you see how you measure up to the competition. Benchmarking information is available for many industries and includes data such as:

  • Average revenues
  • Average expenses (broken down by type of expense)
  • Net profit/loss information

For example, in 2008, there were 24, 393 grocery stores operating in Canada. 72.3% of these establishments were profitable and their average annual net profit was $28, 700.

Remember, knowledge is valuable. Visit the Canadian Industry Statistics website to get up-to-date information about what's going on in your industry.

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