economic impact of the co-operative sector in ......economic impact of the co-operative sector in...
TRANSCRIPT
ECONOMIC IMPACT OF THE CO-OPERATIVE SECTOR IN CANADA OVERVIEW• The analysis used the input-output economic model, using 2010 and 2015 data
provided by individual co-ops, the credit union system, ISED, and Statistics Canada. • The paper quantified the direct, indirect and induced (spinoff)
impacts of co-ops and credit unions in Canada. • Economic impact is measured in terms of contribution to
gross domestic product (GDP), numbers of jobs created in full-time equivalents, wages and taxes paid.
HIGHLIGHTS 2010-2015Growth Rate • Volume of Business: + 20.9% (now $85.0B)• Assets: + 42.5% (now $503.8B)• Memberships: +13.3 % (now 31.8 M)• Employees: + 2.4% (now 182,253)• Gross Domestic Product: 3.4%
Comparison of Jobs in the Co-operative Sector to Other Industries
0
50,000
100,000
150,000
200,000
Telecommunications
126,835Motor vehicle, bodyand parts manufacturing
128,476
Total Co-operative Sector
182,253Utilities
103,450Mining & quarrying
71,140
GDP by Sectors in the Total Canadian Economy (2015)
0
80
70
60
50
40
30
20
10
GD
P (in
bill
ion
$)
Total Co-operative Sector
61.2 (3.4%)Utilities
40.5 (2.2%)Mining & quarrying
32.9 (1.8%)Telecommunications
33.2 (1.8%)Motor vehicle, bodyand parts manufacturing
16.4 (0.9%)
For more information, please contact:
Dr. Fiona DuguidResearch Fellow, Adjunct Professor, Saint Mary’s [email protected]
George KaraphillisDean, Shannon School of Business, Cape Breton [email protected]
R = Reporting co-operatives (4,960)I = Incorporated co-operatives (7,887 including 97 federal co-ops)
YKR: 3I: 9
BCR: 328I: 592 AB
R: 348I: 626 SK
R: 485I: 826
MBR: 209I: 354
ONR: 752I: 1,806
QCR: 2,446I: 2,821
NLR: 18I: 75
PEIR: 53I: 118
NSR: 181I: 345
NBR: 105I: 175
NTR: 9I: 19