XN000022-1985-09-02 — Page 10

9

MONDAY, SEPTEMBER 2, 1985

BUSINESS RECEIPTS AND OTHER INCOME INCREASED BY 16 PER CENT TO $5 253 MILLION, WHILE THIS SECTOR'S CONTRIBUTION TO THE GROSS DOMESTIC PRODUCT IN TERMS OF VALUE ADDED INCREASED BY 10 PER CENT TO $3 056 MILLION.

IN THE FINANCING SECTOR, 2 117 ESTABLISHMENTS WERE IN OPERATION DURING 1983, REPRESENTING A DECREASE OF 6 PER CENT WHEN COMPARED WITH 1982. THIS SECTOR COMPRISES BILL DISCOUNTING COMPANIES, CREDIT INSTITUTIONS, FINANCE LEASING, LOAN AND MORTGAGE COMPANIES. PAWNSHOPS, INVESTMENT AND HOLDING COMPANIES, SECURITY, COMMODITY FUTURE AND GOLD BULLION BROKERS AND DEALERS, MONEY CHANGERS AND FOREIGN EXCHANGE BROKERS AND DEALERS, BUT EXCLUDES BANKS AND DEPOSIT-TAKING COMPANIES WHICH WERE COVERED UNDER A SEPARATE SURVEY.

THE SECTOR'S TOTAL NUMBER OF PERSONS ENGAGED ALSO DECREASED SLIGHTLY TO 18 535.

ON THE OTHER HAND, SOME $1 368 MILLION WERE SPENT ON COMPENSATION OF EMPLOYEES AND $5 084 MILLION ON OPERATING EXPENSES, REPRESENTING INCREASES OF 15 PER CENT AND 21 PER CENT RESPECTIVELY OVER 1982. THEIR TOTAL BUSINESS RECEIPTS AND OTHER INCOME GREW BY 15 PER CENT TO $13 982 MILLION. HOWEVER, THIS SECTOR'S VALUE ADDED FELL BY 16 PER CENT TO

$2 269 MILLION.

IN THE BUSINESS SERVICES SECTOR, THERE WERE 3 867 ESTABLISHMENTS IN OPERATION IN 1983, REPRESENTING AN INCREASE OF 24 PER CENT OVER 1982. THESE ESTABLISHMENTS, INCLUDING LESAL, ACCOUNTING, AUDITING AND DATA PROCESSING FIRMS; COMPANIES ENGAGING IN BUSINESS MANAGEMENT AND CONSULTING, ADVERTISING, DESIGNING, SECRETARIAL AND EMPLOYMENT SERVICES; TECHNICAL SERVICES AND MACHINERY AND EQUIPMENT RENTAL COMPANIES; EMPLOYED A WORKFORCE OF 40 438 PERSONS (AN INCREASE OF 14 PER CENT OVER 1982).

THEY SPENT $2 199 MILLION ON COMPENSATION OF EMPLOYEES (+29 PER CENT) AND $3 789 MILLION ON OPERATING EXPENSES (+10 PER CENT), BUT GENERATED $7 856 MILLION OF BUSINESS RECEIPTS AND OTHER INCOME (+13 PER CENT). THE SECTOR CONTRIBUTED $3 912 MILLION TO THE GROSS DOMESTIC PRODUCT, MEASURED IN TERMS OF VALUE ADDED (+31 PER CENT).

IN 1983, 1 007 INSURANCE COMPANIES, COMPRISING GENERAL AND LIFE INSURERS, INSURANCE AGENTS AND OTHER RELATED SERVICES WERE IN OPERATION. THIS REPRESENTED AN INCREASE OF 17 PER CENT OVER 1982. THIS SECTOR, WITH A WORKFORCE OF 9 579 PERSONS (AN INCREASE OF 10 PER CENT OVER 1982), GENERATED $6 199 MILLION OF BUSINESS RECEIPTS AND OTHER INCOME (+18 PER CENT), BUT SPENT $659 MILLION ON COMPENSATION OF EMPLOYEES (+36 PER CENT) AND $641 MILLION ON OPERATING EXPENSES (+36 PER CENT).

THE ATTACHED TABLE COMPARES SOME SELECTED PRINCIPAL STATISTICS BY SECTOR BETWEEN 1982 AND 1983.

/THE 19

Page 10Page 11