5.67M
US business applications in 2025, the most on record. +62% on 2019. 2026 is running 13.5% ahead of 2025 through August.
In the US, starting something is a normal move now. Canada hasn't seen the same surge.
An application is not a business: many never open.
Source: US Census Bureau · 11 Sep 2026
2020: the pandemic year the climb began
181,263
new employer businesses in Canada in 2025, level with 2019 (181,563). Counting businesses that reopened, 539,909 opened, +6% on 2019.
Counts only businesses with a payroll, so it can't be compared with US applications.
Source: Statistics Canada · 28 Sep 2026
Data and method
United States
US Census Bureau, Business Formation Statistics, 11 Sep 2026. Primary (official statistics).
Computed by Aly: Sum of monthly applications, not seasonally adjusted (series BABATOTALNSAUS).
The count began in 2005.
| Year | Value |
|---|---|
| 2005 | 2.49M |
| 2006 | 2.62M |
| 2007 | 2.63M |
| 2008 | 2.56M |
| 2009 | 2.41M |
| 2010 | 2.47M |
| 2011 | 2.55M |
| 2012 | 2.55M |
| 2013 | 2.59M |
| 2014 | 2.69M |
| 2015 | 2.80M |
| 2016 | 2.95M |
| 2017 | 3.18M |
| 2018 | 3.49M |
| 2019 | 3.50M |
| 2020 | 4.36M |
| 2021 | 5.39M |
| 2022 | 5.06M |
| 2023 | 5.47M |
| 2024 | 5.22M |
| 2025 | 5.67M |
| 2026 (to Aug) | 4.35M |
Canada
Statistics Canada, Table 33-10-0270-01, business openings and closures, 28 Sep 2026. Primary (official, experimental series).
Computed by Aly: Sum of monthly entrants and openings, business sector, seasonally adjusted.
Experimental series.
| Year | Value |
|---|---|
| 2015 | 191,089 |
| 2016 | 190,214 |
| 2017 | 183,648 |
| 2018 | 198,316 |
| 2019 | 181,563 |
| 2020 | 163,172 |
| 2021 | 192,022 |
| 2022 | 199,210 |
| 2023 | 194,605 |
| 2024 | 190,410 |
| 2025 | 181,263 |