A recent study published in 2021 analyzed the impact of the coronavirus on Canadian businesses' revenue. Compared to 2019, 31 percent of enterprises in Canada experienced a loss in revenue equal to 30 percent or more during 2020, while 29.5 percent reported a one percent to less than 30 percent decline in revenue. Among the businesses which reported an increase in revenue, those with 100 or more employees held the largest share (35.8 percent).
Business revenue from 2020 compared with 2019 in Canada, by employment size
Characteristic
Percentage of businesses that reported an increase in revenue
Percentage of businesses that reported no change in revenue
Percentage of businesses that reported a 1% to less than 30% decline in revenue
Percentage of businesses that reported a 30% or more decline in revenue
Not appliacable e.g., started operating after December 31st, 2019
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Adapted from Statistics Canada, Impact of COVID-19 on small businesses in Canada, first quarter 2021, page 4, January 11 to February 11, 2021. This does not constitute an endorsement by Statistics Canada of this product.
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StatCan. (March 10, 2021). Business revenue from 2020 compared with 2019 in Canada, by employment size [Graph]. In Statista. Retrieved September 09, 2024, from https://www.statista.com/statistics/1227187/business-revenue-from-2020-compared-with-2019-in-canada/
StatCan. "Business revenue from 2020 compared with 2019 in Canada, by employment size." Chart. March 10, 2021. Statista. Accessed September 09, 2024. https://www.statista.com/statistics/1227187/business-revenue-from-2020-compared-with-2019-in-canada/
StatCan. (2021). Business revenue from 2020 compared with 2019 in Canada, by employment size. Statista. Statista Inc.. Accessed: September 09, 2024. https://www.statista.com/statistics/1227187/business-revenue-from-2020-compared-with-2019-in-canada/
StatCan. "Business Revenue from 2020 Compared with 2019 in Canada, by Employment Size." Statista, Statista Inc., 10 Mar 2021, https://www.statista.com/statistics/1227187/business-revenue-from-2020-compared-with-2019-in-canada/
StatCan, Business revenue from 2020 compared with 2019 in Canada, by employment size Statista, https://www.statista.com/statistics/1227187/business-revenue-from-2020-compared-with-2019-in-canada/ (last visited September 09, 2024)
Business revenue from 2020 compared with 2019 in Canada, by employment size [Graph], StatCan, March 10, 2021. [Online]. Available: https://www.statista.com/statistics/1227187/business-revenue-from-2020-compared-with-2019-in-canada/