Posts tagged "GDP Australia"

Australia's small business sector contributes more than half a billion to national GDP and provides jobs for 5.1 million people, according to a new snapshot of the local business landscape.

SMEs represent 99.8% of all businesses in Australia, contribute half of the GDP, and are critical to the nation’s economic prosperity and diversity.

Australia has fallen into a recession as household spending plummeted during the COVID-19 pandemic. Here's what SMEs need to know.