Amazon released its Economic Impact Report for Canada this week, highlighting the major contributions the company has made to Canada’s economy from 2010 to 2019.
The Amazon Canada Economic Impact Report shows significant benefits related to investment, job creation, and tools for small and medium sized businesses (SMBs). Highlights include:
- Since 2010, Amazon has invested over $11 billion (CAD) in Canada, including corporate offices, customer fulfillment and cloud infrastructure, and compensation.
- Between 2010 and 2019, Amazon’s investments contributed an additional $9 billion (CAD) to the Canadian GDP due the ripple effect of the company’s expenditure into the economy.
- Amazon proudly employs over 23,000 Canadians, and has supported the creation of 67,000 additional indirect jobs in industries including hospitality, construction, professional services and retail.
- In 2019, 30,000 Canada-based third-party sellers from all 13 provinces and territories – the majority of which are SMBs – grossed more than $1 billion on Amazon.ca, growing 40% year-over-year, and more than $2 billion on Amazon online stores around the world.
Click here to read the full Amazon Canada Economic Impact Report.