SMEs' Contribution to Output
SMEs account for almost half of New Zealand's output.
Value-added is a measure of the contribution to total output by enterprises in the economy. Value-added is calculated as gross output minus intermediate consumption.9 The data used for this calculation are sourced from the Annual Enterprise Survey, which feeds into the National accounts from which official GDP is calculated. While not related to the official GDP figures that are published by Statistics New Zealand, total value-added by enterprise size can provide an indication of the contribution of each EC size group to economic output. The following figures are from the 2002/2003 year.
Rolling Mean Employment is a 12-month moving average of the monthly EC figure (see Performance Measures).
Firms with 100-499 employees recorded the highest average value-added per RME ($66,329). They were followed by firms with 1-5 employees ($54,755) and 6-9 employees ($41,253).
Figure 8: Average Value-Added Output per RME by Enterprise Size 2003
→ Long Description of Figure 8: Average Value-Added Output per RME by Enterprise Size 2003
SMEs accounted for 37.3 percent of value-added output ($26,933m). Enterprises with 100-499 employees were the strongest performers, accounting for 24.2 percent of value-added output ($17,470m).
Figure 9: Total Value-Added Output by Enterprise Size 2003
→ Long Description of Figure 9: Total Value-Added Output by Enterprise Size 2003
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