Belgium: SME productivity

The SME value added per employee increased by more than 7.5 percent between 2017 and 2018, reaching the highest value in eight years. This increase likely came from smaller firms, as the value added from companies with less than 49 employees grew by over 40 percent since 2012. The SME sector in Belgium is called kmo in Belgian Dutch or PME in French. As of 2018, there were approximately 1.2 million SMEs in the country, not counting businesses in agriculture. More than 50 percent of these were located in the region of Flanders.

Small and medium-sized enterprise (SME) productivity, or value added per employee, in Belgium from 2011 to 2018 (in euros)

Characteristic	Value added per person employed in euros
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Release date

November 2019

More information

Region

Belgium

Survey time period

2011 to 2018

Special properties

Non-financial business economy only, excluding agricultural sector and non-market service sectors

Supplementary notes

The figures have been taken from several publications.

Data are DIW Econ estimates for 2018, based on 2008-2016 Eurostat figures. The source adds the following information: "The data cover the ‘non-financial business economy’, which includes industry, construction, trade, and services (NACE Rev. 2 sections B to J, L, M and N), but not enterprises in agriculture, forestry and fisheries and the largely non-market service sectors such as education and health. The following size-class definitions are applied: micro firms (0-9 persons employed), small firms (10-49 persons employed), medium-sized firms (50-249 persons employed), and large firms (250+ persons employed)."

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