GITNUX MARKETDATA REPORT 2024

Small Businesses In Australia Statistics [Fresh Research]

Highlights: The Most Important Small Businesses In Australia Statistics

  • In 2021, there were approximately 2.3 million small businesses in Australia.
  • 73% of small businesses in Australia experienced revenue growth from 2019 to 2021.
  • The small business sector in Australia generates over 8 million jobs.
  • 88% of Australian small businesses have fewer than 5 employees.
  • Australian small businesses have a survival rate of 59.2% after three years.
  • In Australia, 44% of small businesses use an app in their operations.
  • 1 in 10 Australian small businesses generates more than $200,000 in revenue per year.
  • Approximately 47% of small businesses in Australia are located in New South Wales and Victoria.
  • Women-owned small businesses represent 34% of all small businesses in Australia.
  • 66% of Australian small businesses report that their use of online sales channels increased in 2020.

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Small businesses are an integral part of the Australian economy, accounting for 97% of all businesses in 2021. According to statistics from various sources, there were approximately 2.3 million small businesses operating in Australia this year and they contributed 35% of the nation’s GDP. Additionally, 43% plan on using digital marketing strategies while 71% reported difficulty finding suitable staff members.

Furthermore, 73% experienced revenue growth between 2019 and 2021 with almost 50%, having no website at all during that same period. On top of that 45 % anticipate more local investment in 2022 while 63 % use social media as a marketing tool and 88 % have fewer than 5 employees working for them . Moreover , 1 out 10 generate over $200 000 per year , 44 percent use apps within their operations , 66 percent increased online sales channels usage last year and 59 .2 survived after three years since establishment . Lastly women-owned small business represent 34 percent overall with 17 being located within construction industry sector alone .

The Most Important Statistics
In 2021, there were approximately 2.3 million small businesses in Australia.

This statistic is a testament to the sheer number of small businesses in Australia, highlighting the importance of this sector to the nation’s economy. It serves as a reminder of the immense contribution small businesses make to the country, and the need to support them in order to ensure their continued success.

73% of small businesses in Australia experienced revenue growth from 2019 to 2021.

This statistic is a testament to the resilience of small businesses in Australia, showing that despite the economic challenges of the past few years, many have been able to not only survive, but thrive. It is a powerful reminder of the importance of small businesses to the Australian economy, and the potential for growth and success that they offer.

Small Businesses In Australia Statistics Overview

The small business sector in Australia generates over 8 million jobs.

This statistic is a powerful reminder of the immense impact small businesses have on the Australian economy. It highlights the importance of small businesses in providing employment opportunities to millions of Australians, and the significant contribution they make to the nation’s economic growth. It is a testament to the hard work and dedication of small business owners, and a reminder of the importance of supporting small businesses in Australia.

88% of Australian small businesses have fewer than 5 employees.

This statistic is a telling indication of the prevalence of small businesses in Australia, highlighting the fact that the majority of businesses in the country are small operations with limited staff. This is an important point to consider when discussing the impact of small businesses in Australia, as it demonstrates the sheer number of businesses that are contributing to the economy.

Australian small businesses have a survival rate of 59.2% after three years.

This statistic is a testament to the resilience of small businesses in Australia, showing that despite the odds, 59.2% of them are able to stay afloat after three years. This is an encouraging sign for entrepreneurs looking to start their own business, as it demonstrates that success is achievable with the right strategies and dedication. It also highlights the importance of providing support to small businesses, as their survival rate could be even higher with the right resources and assistance.

In Australia, 44% of small businesses use an app in their operations.

This statistic is a telling indication of the increasing prevalence of technology in the operations of small businesses in Australia. It highlights the importance of staying up-to-date with the latest technological advancements in order to remain competitive in the market. This statistic is a valuable insight into the current state of small businesses in Australia and can be used to inform decisions about how to best support and grow small businesses in the country.

1 in 10 Australian small businesses generates more than $200,000 in revenue per year.

This statistic is a testament to the success of small businesses in Australia, showing that a significant portion of them are able to generate a substantial amount of revenue. It is a powerful indicator of the potential for small businesses to thrive in the Australian economy, and serves as an inspiration for those looking to start their own business. This statistic is an important part of understanding the overall landscape of small businesses in Australia, and can be used to inform decisions about how to best support and grow the sector.

Approximately 47% of small businesses in Australia are located in New South Wales and Victoria.

This statistic is a telling indication of the concentration of small businesses in Australia, with nearly half of them located in just two states. This is an important piece of information for anyone looking to gain an understanding of the small business landscape in Australia, as it provides insight into the regional distribution of small businesses. It also serves as a useful starting point for further research into the economic and social impact of small businesses in Australia.

in the Australian construction industry account for 17% of all small businesses in the country.

This statistic is a testament to the importance of small businesses in the Australian construction industry. It highlights the significant contribution these businesses make to the overall economy of the country, and the impact they have on the livelihoods of many Australians. This statistic is a reminder of the importance of supporting small businesses in the construction industry, and the need to ensure they have the resources and support they need to thrive.

Women-owned small businesses represent 34% of all small businesses in Australia.

This statistic is a powerful reminder of the immense contribution women-owned small businesses make to the Australian economy. It highlights the importance of female entrepreneurs in the small business sector and the impact they have on the nation’s economic growth. It also serves as a reminder of the need to continue to support and empower women-owned small businesses in order to ensure their continued success.

66% of Australian small businesses report that their use of online sales channels increased in 2020.

This statistic is a testament to the resilience of Australian small businesses in the face of the unprecedented challenges posed by the COVID-19 pandemic. It shows that despite the disruption to traditional sales channels, many small businesses have been able to pivot and take advantage of the opportunities presented by online sales channels. This statistic is a powerful reminder of the importance of digital transformation for small businesses in Australia, and provides valuable insight into the current state of the small business sector.

Conclusion

From the statistics presented, it is clear that small businesses in Australia are a major contributor to the nation’s economy. They account for 97% of all businesses and generate over 8 million jobs. Small business owners have been investing more in digital marketing and online sales channels, as well as local investment opportunities. Despite this growth, they still face challenges such as difficulty finding suitable staff and lack of access to resources like websites or apps. It is evident that Australian small businesses will continue to play an important role in driving economic activity across the country into 2022 and beyond.

References

0. – https://www.abs.gov.au

1. – https://www.smallbiztrends.com

2. – https://www.statista.com

3. – https://www.aph.gov.au

4. – https://www.smallbiztrends.com

5. – https://www.asbfeo.gov.au

6. – https://www.data.gov.au

ZipDo, cited June 2023: Small Businesses In Australia Statistics

FAQs

What percentage of businesses in Australia are classified as small businesses?

Approximately 97% of businesses in Australia are classified as small businesses, which includes those with fewer than 20 employees.

How many small businesses are operating in Australia?

As of June 2021, there are more than 2.4 million actively trading small businesses in Australia.

What industries have the highest number of small businesses in Australia?

The industries with the highest number of small businesses in Australia include construction, professional, scientific and technical services, and the retail trade sector.

What is the survival rate of small businesses in Australia?

According to the Australian Small Business and Family Enterprise Ombudsman (ASBFEO), the survival rate of small businesses in Australia is approximately 60% over a four-year period.

What are the main challenges faced by small businesses in Australia?

The main challenges faced by small businesses in Australia include cash flow management, access to finance, regulatory compliance, and increasing competition in the market.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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