Canada industries Overview
Canada industries are the developed and most advanced industries in the world. Generally, industries play a vital role in any country’s economy.
If we see the major developed countries in the world, we see that no one country developed without its industrial development. If we see the less developed countries in the world, we see that all countries who are less industrial development are also less developing economies.
In this article, we see and discuss some major industries in Canada that are playing a big role in Canada’s economy and provide millions of jobs to the Canadian people.
Canada food industry
The Canadian food industry is the big industry in Canada. This sector includes food services, hotels, beverages, and more. This sector provides millions of jobs to the Canadian people.
If we see the stats of the Canadian food sector, we see that the food sector size is 95,000 approx and give millions of jobs. The food sector SME’s average revenue is $600 average.
The food sector’s wages and salaries are less compared to other sectors. The food sector employ wages are approx. $16 on hourly bases.
If we see the stats of the hotel industry, we see that the Canadian hotel industry SME’s average income or revenue is $750,000, and the profitability rate is 50% approximately. The food sector is a big contributor to the Canadian economy and its GDP.
Agriculture and fishing industry
Agriculture is one of the most developed and advanced industries in Canada. The agriculture and fishing industry is the basic and most employment-generating industry in Canada.
This industry includes croping, animal industry, timber and tree industry, fishing and seafood industry, and their related industries. Agriculture and fishing industry SMEs size is 230,000 by the total businesses in Canada.
The agriculture and fishing industry gives millions of jobs to the Canadian people and the Canadian government earns billions of dollars through this industry. If we consider this sector by their SMEs, the average SME earning in this industry is $700,000 average. The profitability of the agriculture sector is around 50% on average.
Crop production is the sub-industry sector of the agriculture industry in Canada. The crop industry includes farming, groves, nurseries, trees, plants, seeds, and others.
If we see the total business of the crop industry in Canada, we see that the total business of the crop industry in Canada is 100,000 approx. If we see the SMEs data for the crop industry in Canada, we see that the total average earning of SMEs in the crop industry is $900,000 in Canada.
The profitability in the crop industry is 45% approx. in Canada. If we see the stats of imports and exports of the crop industry in Canada, we see that the crop industry exports are $30 billion and imports are $15 billion in Canada. The wheat industry is one of the advanced and major industries in Canada.
This sector is a major food provider in Canada. The average SME earning in the wheat industry is $700,000 on average in Canada. The average profitability of the wheat sector is 50% average.
If we see the stats of imports and exports of the wheat industry in Canada, we see that the total exports of wheat are $8.5 billion and imports are $85 million on average in Canada.
Corn and rice farming
Corn production is the major agricultural product in Canada. This sector includes the production, growing, farming, and business of Corn products.
If we see the stats of corn businesses in Canada, we see that corn business SME’s average revenue is $700,000 per business earnings.
The profitability of corn production and business is 35% on average bases. The exports and imports stats shows us that Canadian corn products exports are $700 million and imports are $1 billion. This sector also provides millions of earnings to the government.
Rice production and business is also a big industry sector in Canada. This sector provides millions of dollars and earnings to the Canadian government.
The Rice production sector includes rice crop growing, and the rice business. The import and export stats of rice businesses are, that the exports of rice products are $50 million and its imports are $400 million in Canada.
Manufacturing business sector
The manufacturing business sector is one of the most advanced sectors in the Canadian economy. This sector includes manufacturing and distribution businesses in Canada. In Canada, approx. 90,000 manufacturing businesses exist in Canada.
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