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Accounting Services in Newfoundland

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NL54121cCA

Accounting Services in Newfoundland industry analysis

Revenue for the Accounting Services industry in Newfoundland And Labrador is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has decreased an annualized -x% to xxx locations over the past five years. Industry employment has increased an annualized x.x% to xxx workers during the period, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x% to $x.x million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to xxx locations over the next five years. Industry employment is expected to increase an annualized x.x% to xxx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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About the Accounting Services in Newfoundland Market Research Report

What’s Included in the Accounting Services in Newfoundland Market Research Report

Definition of the Accounting Services in Newfoundland?

Accounting companies in Canada audit the accounting records of public and private organizations and attests to compliance with generally accepted accounting practices. Accounting services establishments provide various accounting services, including auditing accounting records, designing accounting systems, preparing financial statements, developing budgets and providing advice on matters related to accounting.

What’s included in the Accounting Services in Newfoundland?

The Accounting Services in Newfoundland includes auditing and other assurance services, corporate tax preparation services, individual tax preparation services, tax planning and consulting services, general accounting services, insolvency and receivership services, consulting services and selling of receipts. Related terms covered in the Accounting Services in Newfoundland industry report includes the act of reviewing a company's financial operations to ensure regulatory compliance, the issuing of a company's common stock to the public for the first time and the standards, interpretation and framework for financial reporting adopted by the international accounting standards board.

Industry Performance of the Accounting Services industry in Newfoundland

Benchmark the Accounting Services in Newfoundland industry performance with all NL Census Metropolitan Area and national performance.

Accounting Services in Newfoundland

#9 in Highest Revenue 0.7% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Accounting Services in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

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Key Drivers of the Accounting Services industry in Newfoundland

See how key industry drivers, such as private investment in non-residential construction, new business formation, gross domestic product, number of businesses, corporate profit and per capita disposable income are impacting Accounting Services in Newfoundland

Newfoundland Economic Indicators

Private Investment in Non-Residential Construction
New Business Formation
Gross Domestic Product

View more economic information in NL State Economic profile

Canada Key External Drivers

Number of businesses
Corporate profit
Per capita disposable income

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Accounting Services industry in Newfoundland

Access proprietary data on Census Metropolitan Area in the Accounting Services in Newfoundland, such as St. John's, Corner Brook and Gander. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Accounting Services industry in Newfoundland

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Accounting Services industry in Newfoundland in 2025?

The market size of the Accounting Services industry in Newfoundland is $127.3m in 2025.

How many businesses are there in the Accounting Services industry in Newfoundland in 2025?

There are 224 businesses in the Accounting Services industry in Newfoundland, which has been declining at an average annual rate of -1.0% from 2020 to 2025.

Has the Accounting Services industry in Newfoundland grown or declined over the past 5 years?

The market size of the Accounting Services industry in Newfoundland has been declining at an average annual rate of -1.6% from 2020 to 2025.

How many employees in the Accounting Services industry in Newfoundland in 2025?

There are 667 employees in the Accounting Services industry in Newfoundland, which has been growing at an average annual rate of 0.3% from 2020 to 2025.