The total number of registered businesses.
Note to readers:
The Business counts data for December 2020 cannot be used to determine the impact of COVID-19 restrictions as closeout procedures may take several months to be reported. The impact on business establishments from the COVID-19 pandemic will likely be reflected in data beginning in 2021.
- The number of business establishments in Peel Region increased by 3.5 per cent between December 2019 and December 2020.
- Businesses without employment increased by 5.3 per cent to 123,950, while those with employees remained relatively stable at 59,514 during the same time period.
- Businesses in services led the increase to further the long-term shift in businesses towards the service sector.
There were 183,464 business establishments in Peel Region in December 2020, 3.5 per cent higher than in December 2019.
Of the 183,464 business establishments in Peel in December 2020, there were 165,184 classified2 and 18,280 unclassified3.
Classified Business Establishments by Sector
Relative to December 2019, the number of business establishments (19,762 establishments) in the goods producing sector were relatively unchanged in December 2020. The number of business establishments in the service sector increased by 4.2 per cent to 145,422 in December 2020.
The goods-producing sector accounted for 12 per cent of total businesses in Peel whereas the service sector comprised of 88 per cent of total businesses.
1 While business establishment data is presented annually, counts are not time series as there are ongoing methodological changes which may negate true comparisons from year to year.
2 Classified businesses are those that that are assigned a NAICS code and are classified under the goods producing or service sector.
3 Unclassified business establishments are those which do not fit into any of the North American Industry Classification System (NAICS) and are therefore not yet assigned NAICS code.