A first: Non-profit ranks in Globe & Mail ranking of Canada’s top-growing companies
Why It Matters
Non-profits’ gross domestic product (GDP) was $185.8 billion in 2020, representing nine per cent of Canada’s total GDP. Over the 2010 to 2020 period, the real GDP of non-profit institutions outpaced that of the overall Canadian economy in five out of 11 years. The real GDP of non-profit institutions grew by an annual average of 1.9 per cent over the 11 years, faster than the total economy (+1.5 per cent).
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For the first time, the iconic yearly ranking includes a non-profit: UTILE, a Montreal-based organization developing and operating affordable student housing.
The reason: over the last three years, it grew 507 per cent.
The rules of this self-p
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