• Value added by SMEs in the United Kingdom (UK) in 2018

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This statistic shows the value added by small and medium-sized enterprises (SMEs) to the United Kingdom economy in 2018, in billion euros. Micro-sized enterprises added 264.1 billion euros to the UK economy during this year. In total, SMEs in the United Kingdom generated a total value of 643.2 billion euros.

Value added by small and medium-sized enterprises (SMEs) in the United Kingdom in 2018, by size (in billion euros)

	Value in billion euros
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Release date

November 2019

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Region

United Kingdom

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."