Value added by small and medium-enterprises in the European Union in 2018, by size

This statistic illustrates the value added by small and medium-sized enterprises (SMEs) to the European Union economy in 2018, in billion euros. SMEs contributed approximately 4.4 trillion euros to the European economy in 2018 with micro-sized enterprises accounting for just over 1.6 trillion euros of this amount.

Value added by small and medium-sized enterprises (SMEs) in the European Union in 2018, by size

Value in billion euros
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Sources

Release date

November 2019

Region

EU

Survey time period

2018

Supplementary notes

The source adds the following information:
"These are estimates for 2017 produced by DIW Econ, based on 2008-15 figures from the Structural Business Statistics Database (Eurostat). 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). The advantage of using Eurostat data is that the statistics are harmonized and comparable across countries. The disadvantage is that for some countries the data may be different from those published by national authorities."

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Statistics on "Small and medium-sized enterprises (SMEs) in Europe"

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