The SME value added in Belgium grew substantially between 2012 and 2023, growing by around 40 percent for companies with less than 49 employees. 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.
Value added of small and medium-sized enterprises (SMEs) in Belgium from 2008 to 2023
(in million euros)
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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European Commission. (June 27, 2023). Value added of small and medium-sized enterprises (SMEs) in Belgium from 2008 to 2023 (in million euros) [Graph]. In Statista. Retrieved December 26, 2024, from https://www.statista.com/statistics/1140234/value-added-of-smes-in-belgium/
European Commission. "Value added of small and medium-sized enterprises (SMEs) in Belgium from 2008 to 2023 (in million euros)." Chart. June 27, 2023. Statista. Accessed December 26, 2024. https://www.statista.com/statistics/1140234/value-added-of-smes-in-belgium/
European Commission. (2023). Value added of small and medium-sized enterprises (SMEs) in Belgium from 2008 to 2023 (in million euros). Statista. Statista Inc.. Accessed: December 26, 2024. https://www.statista.com/statistics/1140234/value-added-of-smes-in-belgium/
European Commission. "Value Added of Small and Medium-sized Enterprises (Smes) in Belgium from 2008 to 2023 (in Million Euros)." Statista, Statista Inc., 27 Jun 2023, https://www.statista.com/statistics/1140234/value-added-of-smes-in-belgium/
European Commission, Value added of small and medium-sized enterprises (SMEs) in Belgium from 2008 to 2023 (in million euros) Statista, https://www.statista.com/statistics/1140234/value-added-of-smes-in-belgium/ (last visited December 26, 2024)
Value added of small and medium-sized enterprises (SMEs) in Belgium from 2008 to 2023 (in million euros) [Graph], European Commission, June 27, 2023. [Online]. Available: https://www.statista.com/statistics/1140234/value-added-of-smes-in-belgium/
