Australia Economic Strategy Report Australia Economic
Strategy Report
Chapter 2

Understanding the business environment

Small enterprises make up a large proportion of the businesses operating in Australia. These businesses contributed ~33% to Australia’s GDP in FY14 while employing ~40% of Australia’s workforce.74 These contribute heavily towards exports as well, with about 44% of Australia’s goods exports sourced from small businesses.

Geographically, NSW, Victoria and Queensland and the eastern states, house a large portion of the businesses operating in the country. This is a result of high concentration of financial capital, investments and Government support for these states.

74 Small Business in the Australian Economy Report 2016, Australian Small Business and Family Enterprise Ombudsman