Interesting Business Stats
Did you know that:
- Over 60% of Australia’s 2.17 million enterprises operate as sole traders and a further 36% employ fewer than 20 staff? This means small businesses comprise 96% of all businesses and no wonder they are often referred to as the backbone of the Australian economy.
- Vary large businesses which have more than 200 staff represent less than 1% of all Australian businesses, that is just over 3,800 businesses.
- Medium size businesses make up 2.3% of all businesses, or 51,000 businesses, but employ a quarter of Australia’s workforce.
Compiled by Hassan Moussa
Source: MYOB Simplify Success – MYOB Enterprise Insights Report – May 2018