Annual Business Insolvency Rates by NAICS Economic Sectors

(Per 1,000 Businesses)

In 2015, Statistics Canada changed the way it counts business units. This resulted in an increase of 1 million Canadian businesses in 2015 and has lowered the business insolvency rate.

Annual Business Insolvency Rates by NAICS Economic Sectors—2010–2022
Sector Rate 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Total Insolvency 2.3 2.0 1.8 1.7 1.6 1.2 1.0 0.9 0.9 0.9 0.7 0.6 0.8
Bankruptcy 1.8 1.5 1.4 1.2 1.2 0.9 0.7 0.7 0.7 0.7 0.5 0.5 0.6
Proposal 0.5 0.5 0.5 0.4 0.4 0.3 0.2 0.2 0.2 0.2 0.2 0.1 0.2
Agriculture, Forestry, Fishing and Hunting Insolvency 0.9 0.8 0.7 0.7 0.5 0.4 0.4 0.3 0.3 0.3 0.3 0.2 0.3
Bankruptcy 0.6 0.5 0.5 0.5 0.3 0.2 0.3 0.2 0.2 0.2 0.2 0.2 0.3
Proposal 0.2 0.3 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.0 0.1
Mining and Oil and Gas Extraction Insolvency 3.1 1.4 1.9 1.6 1.8 1.8 3.1 2.1 1.1 2.1 1.8 2.0 1.7
Bankruptcy 1.8 1.1 1.5 0.7 0.9 1.3 2.1 1.3 0.7 1.2 1.3 1.4 1.3
Proposal 1.3 0.3 0.5 0.9 0.9 0.5 0.9 0.8 0.4 0.8 0.6 0.6 0.3
Utilities Insolvency 4.4 6.2 8.5 3.7 4.3 3.1 2.0 1.2 1.6 1.4 1.0 0.6 1.4
Bankruptcy 4.4 4.4 4.7 1.9 3.0 2.4 0.7 1.2 1.0 0.8 1.0 0.4 0.8
Proposal 0.0 1.8 3.8 1.9 1.3 0.7 1.4 0.0 0.6 0.6 0.0 0.2 0.6
Construction Insolvency 3.2 2.8 3.0 2.5 2.3 2.2 2.0 1.8 1.9 1.8 0.9 1.0 1.4
Bankruptcy 2.6 2.2 2.2 1.9 1.7 1.6 1.4 1.3 1.4 1.3 0.7 0.7 0.9
Proposal 0.6 0.6 0.8 0.6 0.6 0.6 0.5 0.5 0.5 0.5 0.2 0.2 0.4
Manufacturing Insolvency 6.7 6.8 5.5 5.0 4.6 4.2 3.3 3.8 3.2 3.7 2.6 2.5 2.9
Bankruptcy 5.1 4.8 3.9 3.5 3.3 3.0 2.4 2.6 2.3 2.7 1.8 1.9 2.2
Proposal 1.6 2.0 1.6 1.5 1.3 1.3 0.9 1.2 0.9 1.0 0.7 0.6 0.7
Wholesale Trade Insolvency 2.9 2.5 2.4 2.3 2.2 2.0 1.7 1.7 1.5 1.9 1.4 1.0 0.6
Bankruptcy 2.3 1.9 1.8 1.6 1.5 1.5 1.4 1.2 1.2 1.3 1.1 0.8 0.5
Proposal 0.6 0.6 0.6 0.7 0.7 0.5 0.4 0.5 0.3 0.6 0.3 0.2 0.1
Retail Trade Insolvency 3.9 3.3 2.9 2.5 2.3 2.2 2.0 1.7 1.7 1.7 1.6 1.1 1.6
Bankruptcy 3.1 2.6 2.2 2.0 1.8 1.7 1.4 1.4 1.4 1.3 1.2 0.9 1.4
Proposal 0.8 0.7 0.7 0.5 0.6 0.5 0.5 0.4 0.4 0.4 0.5 0.2 0.2
Transportation and Warehousing Insolvency 3.2 2.5 2.1 1.6 1.8 1.2 1.2 1.2 1.1 1.0 0.7 0.8 3.0
Bankruptcy 2.7 2.0 1.7 1.3 1.2 0.9 1.0 0.9 0.9 0.8 0.5 0.7 2.3
Proposal 0.6 0.5 0.4 0.3 0.6 0.3 0.3 0.3 0.3 0.3 0.2 0.1 0.7
Information and Cultural Industries Insolvency 2.6 2.4 1.9 1.4 1.8 1.6 1.5 1.3 1.3 1.6 1.0 0.8 1.4
Bankruptcy 1.6 1.6 1.6 1.1 1.3 1.2 1.2 1.0 1.0 1.2 0.7 0.7 0.9
Proposal 1.0 0.8 0.3 0.3 0.5 0.4 0.3 0.3 0.3 0.4 0.2 0.1 0.5
Finance and Insurance Insolvency 0.9 0.8 0.6 0.6 0.6 0.4 0.4 0.3 0.3 0.3 0.2 0.2 0.2
Bankruptcy 0.7 0.6 0.5 0.5 0.4 0.3 0.3 0.2 0.2 0.2 0.1 0.2 0.1
Proposal 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.1
Real Estate and Rental and Leasing Insolvency 0.9 0.6 0.5 0.5 0.4 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1
Bankruptcy 0.7 0.4 0.3 0.4 0.3 0.2 0.2 0.1 0.1 0.2 0.1 0.1 0.1
Proposal 0.2 0.2 0.2 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.0 0.0
Professional, Scientific and Technical Services Insolvency 1.0 0.9 0.9 0.9 0.8 0.7 0.7 0.6 0.5 0.6 0.4 0.4 0.5
Bankruptcy 0.8 0.6 0.6 0.6 0.7 0.5 0.5 0.4 0.4 0.5 0.3 0.3 0.4
Proposal 0.3 0.3 0.2 0.2 0.2 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1
Management of Companies and Enterprises Insolvency 0.7 0.6 0.7 0.8 0.7 0.7 1.0 2.6 2.1 2.2 2.5 1.7 2.2
Bankruptcy 0.5 0.5 0.6 0.5 0.5 0.5 0.7 2.0 1.7 1.8 1.8 1.3 1.9
Proposal 0.2 0.1 0.2 0.3 0.1 0.2 0.3 0.6 0.4 0.4 0.7 0.4 0.3
Administrative and Support, Waste Management and Remediation Services Insolvency 2.0 1.9 1.8 1.8 1.9 1.4 1.4 1.1 1.1 1.2 0.8 1.0 1.2
Bankruptcy 1.6 1.5 1.3 1.3 1.3 1.1 1.0 0.8 0.7 0.8 0.6 0.7 0.8
Proposal 0.4 0.4 0.5 0.4 0.6 0.3 0.3 0.3 0.3 0.3 0.2 0.3 0.4
Educational Services Insolvency 1.7 1.4 1.3 1.4 2.0 1.1 0.9 1.0 0.7 0.8 0.9 0.6 0.8
Bankruptcy 1.4 1.0 1.1 1.1 1.7 0.9 0.6 0.8 0.5 0.5 0.7 0.5 0.6
Proposal 0.4 0.4 0.2 0.4 0.3 0.2 0.3 0.2 0.2 0.2 0.2 0.1 0.2
Health Care and Social Assistance Insolvency 0.5 0.7 0.4 0.5 0.6 0.3 0.3 0.3 0.3 0.3 0.2 0.2 0.3
Bankruptcy 0.4 0.5 0.3 0.3 0.5 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Proposal 0.2 0.2 0.1 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Arts, Entertainment and Recreation Insolvency 2.9 2.2 2.0 2.0 1.9 1.3 1.3 1.3 1.0 1.2 1.7 1.0 1.3
Bankruptcy 2.4 1.9 1.6 1.6 1.6 0.9 1.1 1.0 0.8 0.9 1.4 0.7 1.1
Proposal 0.5 0.3 0.4 0.3 0.4 0.3 0.3 0.3 0.2 0.2 0.4 0.3 0.2
Accommodation and Food Services Insolvency 6.5 6.6 6.3 6.2 6.1 5.8 5.3 4.7 4.5 4.3 3.7 3.1 4.1
Bankruptcy 4.8 5.1 4.5 4.5 4.6 4.6 4.1 3.5 3.4 3.4 3.0 2.5 3.5
Proposal 1.7 1.5 1.9 1.7 1.5 1.2 1.2 1.2 1.1 0.9 0.7 0.6 0.6
Other Services (except Public Administration) Insolvency 1.4 1.5 1.4 1.3 1.0 0.9 0.7 0.8 0.7 0.8 0.5 0.5 0.9
Bankruptcy 1.2 1.2 1.1 1.0 0.8 0.7 0.6 0.6 0.6 0.6 0.4 0.4 0.7
Proposal 0.2 0.3 0.3 0.3 0.2 0.2 0.1 0.1 0.2 0.2 0.1 0.1 0.2
Public Administration Insolvency 1.0 0.6 0.4 0.0 0.1 0.5 0.5 0.6 0.5 0.0 0.4 0.5 0.9
Bankruptcy 0.6 0.4 0.2 0.0 0.1 0.5 0.3 0.4 0.3 0.0 0.2 0.5 0.9
Proposal 0.4 0.2 0.1 0.0 0.0 0.0 0.1 0.1 0.1 0.0 0.1 0.0 0.0

 

Annual Business Insolvency Rates by North American Industry Classification System Economic Sectors — 2000–2009
Sector Rate 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Total Insolvency 5.7 5.8 5.2 4.8 4.2 4.1 3.5 3.2 3.1 2.9
Bankruptcy 4.9 4.9 4.4 4.0 3.5 3.4 2.9 2.6 2.6 2.4
Proposal 0.9 0.9 0.9 0.8 0.7 0.7 0.6 0.5 0.5 0.6
Agriculture, Forestry, Fishing and Hunting Insolvency 2.4 2.7 2.2 2.5 2.5 2.5 2.3 1.8 2.0 1.5
Bankruptcy 2.1 2.4 1.9 2.2 2.1 2.1 1.8 1.5 1.6 1.2
Proposal 0.3 0.3 0.3 0.3 0.4 0.4 0.4 0.3 0.4 0.3
Mining and Oil and Gas Extraction Insolvency 5.4 2.7 4.9 5.1 5.0 4.5 3.1 2.1 2.5 3.7
Bankruptcy 4.5 2.1 4.1 4.1 4.1 3.4 2.1 1.5 1.6 2.7
Proposal 0.9 0.6 0.8 0.9 0.9 1.1 1.0 0.6 0.9 1.0
Utilities Insolvency 3.5 5.8 6.8 3.6 7.4 6.9 6.9 2.8 3.9 9.3
Bankruptcy 3.0 5.8 6.3 2.1 5.9 4.4 6.1 2.4 3.0 7.5
Proposal 0.5 0.0 0.5 1.6 1.5 2.5 0.9 0.4 0.9 1.8
Construction Insolvency 7.4 6.7 6.5 6.6 6.0 6.0 5.1 4.6 4.6 3.8
Bankruptcy 6.4 5.9 5.5 5.5 5.1 5.1 4.3 3.9 4.0 3.2
Proposal 1.0 0.8 1.0 1.1 0.9 0.9 0.8 0.7 0.6 0.6
Manufacturing Insolvency 9.5 11.0 10.1 10.0 9.1 9.1 7.5 7.7 8.6 8.8
Bankruptcy 7.9 9.0 7.8 7.6 7.0 7.2 5.8 6.0 6.8 6.8
Proposal 1.7 2.1 2.3 2.5 2.1 1.9 1.7 1.8 1.8 2.0
Wholesale Trade Insolvency 4.6 4.4 4.2 4.6 4.1 3.7 3.5 3.2 3.3 3.4
Bankruptcy 3.9 3.5 3.4 3.8 3.1 2.9 2.7 2.6 2.5 2.8
Proposal 0.7 0.9 0.8 0.7 0.9 0.7 0.8 0.6 0.8 0.7
Retail Trade Insolvency 8.9 8.5 7.4 6.4 6.2 6.0 5.3 4.9 4.7 4.7
Bankruptcy 7.6 7.3 6.2 5.4 5.3 5.1 4.5 4.1 3.9 3.9
Proposal 1.2 1.2 1.1 1.0 0.9 0.9 0.8 0.8 0.7 0.8
Transportation and Warehousing Insolvency 11.0 13.0 11.0 10.5 8.1 7.4 6.0 5.4 6.0 4.8
Bankruptcy 9.6 11.5 9.6 9.0 7.1 6.3 5.1 4.6 5.0 3.8
Proposal 1.3 1.5 1.4 1.5 1.0 1.1 0.9 0.8 1.0 0.9
Information and Cultural Industries Insolvency 15.2 13.9 14.1 8.7 5.9 4.7 5.0 3.7 3.9 3.7
Bankruptcy 12.3 11.1 11.5 6.7 4.3 3.7 4.2 2.9 2.9 2.8
Proposal 2.9 2.7 2.6 2.0 1.6 1.0 0.9 0.7 1.0 0.8
Finance and Insurance Insolvency 1.4 1.5 1.3 1.4 1.4 1.5 0.9 0.9 0.9 1.2
Bankruptcy 1.1 1.3 1.0 1.1 1.1 1.1 0.7 0.8 0.8 1.0
Proposal 0.3 0.2 0.3 0.3 0.3 0.4 0.2 0.2 0.1 0.2
Real Estate and Rental and Leasing Insolvency 1.8 1.4 1.3 1.2 1.3 1.4 1.0 0.9 0.8 1.1
Bankruptcy 1.4 1.1 1.1 1.0 1.0 1.0 0.8 0.8 0.7 0.7
Proposal 0.4 0.2 0.2 0.3 0.3 0.4 0.2 0.1 0.1 0.4
Professional, Scientific and Technical Services Insolvency 3.2 3.1 2.8 2.4 2.1 1.8 1.7 1.4 1.5 1.4
Bankruptcy 2.6 2.4 2.1 1.9 1.6 1.4 1.3 1.2 1.2 1.1
Proposal 0.6 0.7 0.7 0.5 0.5 0.4 0.4 0.3 0.3 0.3
Management of Companies and Enterprises Insolvency 0.6 0.6 0.8 1.3 0.6 0.6 0.8 0.7 0.4 0.4
Bankruptcy 0.4 0.5 0.6 1.0 0.4 0.5 0.6 0.5 0.3 0.3
Proposal 0.2 0.1 0.2 0.3 0.2 0.2 0.2 0.2 0.1 0.1
Administrative and Support, Waste Management and Remediation Services Insolvency 7.1 7.3 7.2 4.9 3.7 3.9 3.5 3.0 2.8 2.9
Bankruptcy 6.2 6.1 6.2 4.2 3.0 3.2 3.0 2.4 2.4 2.4
Proposal 0.9 1.2 1.1 0.7 0.7 0.6 0.5 0.5 0.4 0.5
Educational Services Insolvency 3.2 4.0 2.5 2.2 3.0 2.9 3.0 1.9 2.1 1.9
Bankruptcy 3.1 3.2 2.0 1.5 2.3 2.5 2.5 1.4 1.6 1.7
Proposal 0.1 0.8 0.5 0.7 0.7 0.5 0.4 0.5 0.5 0.2
Health Care and Social Assistance Insolvency 2.2 2.1 1.8 1.9 1.8 1.6 1.2 0.9 0.8 0.7
Bankruptcy 1.5 1.5 1.3 1.3 1.4 1.2 0.7 0.7 0.7 0.6
Proposal 0.8 0.5 0.5 0.5 0.4 0.4 0.4 0.2 0.2 0.1
Arts, Entertainment and Recreation Insolvency 5.7 6.3 5.7 5.1 5.2 5.0 4.5 3.9 3.4 3.6
Bankruptcy 4.5 5.0 4.6 4.2 4.0 3.7 3.6 3.3 2.9 3.0
Proposal 1.2 1.3 1.1 1.0 1.1 1.3 0.9 0.6 0.6 0.6
Accommodation and Food Services Insolvency 13.4 13.4 10.7 10.7 9.5 9.3 8.1 8.2 8.3 8.3
Bankruptcy 11.8 11.8 9.3 9.3 8.0 7.8 7.2 6.9 7.0 6.5
Proposal 1.6 1.6 1.4 1.4 1.5 1.5 0.9 1.3 1.2 1.8
Other Services (except Public Administration) Insolvency 5.5 6.1 6.0 4.4 3.7 4.0 3.1 3.0 2.3 2.1
Bankruptcy 4.8 5.3 5.1 3.9 3.2 3.5 2.6 2.6 2.0 1.7
Proposal 0.7 0.7 0.9 0.5 0.5 0.6 0.4 0.4 0.3 0.3
Public Administration Insolvency 4.4 7.4 8.0 3.3 1.1 0.4 1.5 1.0 1.4 0.7
Bankruptcy 3.3 5.2 6.1 2.6 0.7 0.4 1.4 1.0 1.4 0.5
Proposal 1.1 2.2 2.0 0.8 0.4 0.0 0.1 0.0 0.0 0.2
Annual Business Insolvency Rates by NAICS Economic Sectors — 1999
Sector Rate 1999
Total Insolvency 6.3
Bankruptcy 5.5
Proposal 0.9
Agriculture, Forestry, Fishing and Hunting Insolvency 2.9
Bankruptcy 2.5
Proposal 0.3
Mining and Oil and Gas Extraction Insolvency 5.9
Bankruptcy 4.8
Proposal 1.1
Utilities Insolvency 3.8
Bankruptcy 3.8
Proposal 0.0
Construction Insolvency 8.1
Bankruptcy 7.2
Proposal 1.0
Manufacturing Insolvency 9.5
Bankruptcy 7.9
Proposal 1.5
Wholesale Trade Insolvency 4.5
Bankruptcy 3.8
Proposal 0.8
Retail Trade Insolvency 9.7
Bankruptcy 8.6
Proposal 1.1
Transportation and Warehousing Insolvency 10.6
Bankruptcy 9.4
Proposal 1.2
Information and Cultural Industries Insolvency 17.7
Bankruptcy 14.8
Proposal 2.9
Finance and Insurance Insolvency 1.3
Bankruptcy 1.1
Proposal 0.2
Real Estate and Rental and Leasing Insolvency 2.0
Bankruptcy 1.6
Proposal 0.4
Professional, Scientific and Technical Services Insolvency 3.8
Bankruptcy 3.0
Proposal 0.8
Management of Companies and Enterprises Insolvency 0.5
Bankruptcy 0.5
Proposal 0.0
Administrative and Support, Waste Management and Remediation Services Insolvency 8.8
Bankruptcy 7.6
Proposal 1.2
Educational Services Insolvency 2.3
Bankruptcy 2.1
Proposal 0.2
Health Care and Social Assistance Insolvency 2.2
Bankruptcy 1.5
Proposal 0.7
Arts, Entertainment and Recreation Insolvency 6.7
Bankruptcy 5.9
Proposal 0.8
Accommodation and Food Services Insolvency 15.1
Bankruptcy 13.5
Proposal 1.6
Other Services (except Public Administration) Insolvency 6.8
Bankruptcy 6.0
Proposal 0.8
Public Administration Insolvency 3.7
Bankruptcy 3.3
Proposal 0.4
 
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