SMEs and Industry Sectors
| SMEs constitute over 98% of enterprises in several industries | Businesses with 0-19 employees are most predominant in the personal and other services sector, with SMEs accounting for 99 percent of all enterprises in this sector. Small businesses constitute the majority of these, making up 91 percent of enterprises in this industry. SMEs are also dominant in finance and insurance, construction, property and business services and communications sectors, making up over 98 percent of businesses in each of these industry groups. Small businesses again account for the majority of SMEs in each of these sectors.
Figure 8 illustrates the significance of SMEs in each ANZSIC group, highlighting the importance of smaller enterprises employing 0-5 FTEs. |
Figure 8 - Significance of SMEs by ANZSIC Classification

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