Chart 1
Innovation rate by sector, 2020 to 2022
Note(s):
1. The innovation rate is measured by the proportion of businesses that (i) introduced new or improved products onto the market; or (ii) implemented new or improved business processes in 2020 to 2022.
2.
Management of companies and enterprises (North American Industry Classification System [NAICS] code 55) excludes holding companies (NAICS code 551113).
Source(s):
Table 27-10-0361-01.
Chart description
This is a bar clustered chart.
| % | |
|---|---|
| Information and cultural industries | 79.5 |
| Finance and insurance (excluding monetary authorities) | 79.0 |
| Professional, scientific and technical services | 78.2 |
| Wholesale trade | 77.4 |
| Construction | 74.4 |
| Utilities | 72.6 |
| Manufacturing | 72.0 |
| Retail trade | 70.8 |
| Administrative and support, waste management and remediation services | 69.3 |
| Postal services, couriers and messengers, warehousing and storage | 67.7 |
| Real estate and rental and leasing | 67.1 |
| Transportation | 62.8 |
| Mining, quarrying, and oil and gas extraction | 61.0 |
| Management of companies and enterprises | 58.2 |
| Agriculture, forestry, fishing and hunting | 50.9 |
Note(s):
1. The innovation rate is measured by the proportion of businesses that (i) introduced new or improved products onto the market; or (ii) implemented new or improved business processes in 2020 to 2022.
2.
Management of companies and enterprises (North American Industry Classification System [NAICS] code 55) excludes holding companies (NAICS code 551113).
Source(s):
Table 27-10-0361-01.
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