According to a survey conducted in May 2024, 33 percent of respondents in Australia expected to concentrate on growing their business over the next 12 months. 16 percent of those surveyed said they would concentrate on exiting or downsizing their business over the next 12 months.
Business growth expectations of small and medium enterprises (SMEs) in Australia in 2024
Key decision makers/influencers at small and medium enterprises from all industry sectors across Australia responded to the survey. Data is weighted to reflect the distribution by industry, number of employees, and state.
Supplementary notes
Businesses with between 1-500 employees included in sample.
Original question: 'Overall, what best describes your approach to business over the next 12 months?'.
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fifth quadrant. (June 12, 2024). Business growth expectations of small and medium enterprises (SMEs) in Australia in 2024 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1453203/australia-growth-expectations-of-smes/
fifth quadrant. "Business growth expectations of small and medium enterprises (SMEs) in Australia in 2024." Chart. June 12, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1453203/australia-growth-expectations-of-smes/
fifth quadrant. (2024). Business growth expectations of small and medium enterprises (SMEs) in Australia in 2024. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1453203/australia-growth-expectations-of-smes/
fifth quadrant. "Business Growth Expectations of Small and Medium Enterprises (Smes) in Australia in 2024." Statista, Statista Inc., 12 Jun 2024, https://www.statista.com/statistics/1453203/australia-growth-expectations-of-smes/
fifth quadrant, Business growth expectations of small and medium enterprises (SMEs) in Australia in 2024 Statista, https://www.statista.com/statistics/1453203/australia-growth-expectations-of-smes/ (last visited November 22, 2024)
Business growth expectations of small and medium enterprises (SMEs) in Australia in 2024 [Graph], fifth quadrant, June 12, 2024. [Online]. Available: https://www.statista.com/statistics/1453203/australia-growth-expectations-of-smes/
