SMEs' Contribution to Output
SMEs accounted for 40 percent ofNew Zealand's value-added 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.3 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 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.
Similar to the previous year, firms with 100–499 employees recorded the highest average value-added per Rolling Mean Employment (RME) ($66,052) in 2005. They were followed by firms with 1–5 employees ($55,432) and 50–99 employees ($43,588).
Figure 9. Average Value-Added Output per RME by Enterprise Size 2005
→ Full size version of Figure 9 [14 kB GIF]
The SME contribution to total value-added decreased slightly from 39.0 percent in 2004 to 38.6 percent in 2005. Enterprises with 100–499 employees were again the single strongest performers in 2005, accounting for 24.5 percent of value-added output.
Figure 10. Total Value-Added Output by Enterprise Size 2005
→ Full size version of Figure 10 [11 kB GIF]
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