Small Business Factsheet 2016 - Ministry of Business, Innovation

Transcription

◊
May 2016
SMALL BUSINESSES
IN NEW ZEALAND
How do they compare with larger firms?
◊
SMALL BUSINESSES* DOMINATE OUR INDUSTRIES
97%
Chart 1: Number of Enterprises
by Employee Size Group
OF ENTERPRISES HAVE
FEWER THAN 20 EMPLOYEES
(487,602 ENTERPRISES) (CHART 1)
Zero Employees
70%
97,293
OF ENTERPRISES HAVE
ZERO EMPLOYEES (CHART 1)
353,070
1-5 Employees
TOTAL
6-19 Employees
502,170
37,239
20-49 Employees
9,459
29%
OF EMPLOYEES IN NEW ZEALAND
ARE EMPLOYED BY ENTERPRISES
WITH FEWER THAN 20 EMPLOYEES
(599,880) (CHART 2)
26%
OF NEW ZEALAND’S GDP IS
ESTIMATED TO BE PRODUCED BY
ENTERPRISES WITH FEWER THAN 20
EMPLOYEES (CHART 3)
50 Or More Employees
5,109
Data source: Statistics New Zealand Business Demography, Feb 2015
Chart 2: Number of Employees
1-5 Employees
227,850
6-19 Employees
TOTAL
2,045,610
THE RENTAL, HIRING, AND REAL
ESTATE SERVICES INDUSTRY
HAS THE HIGHEST NUMBER OF
ENTERPRISES WITH FEWER THAN 20
EMPLOYEES (CHART 4)
96%
OF ENTERPRISES WITH FEWER THAN
20 EMPLOYEES ARE INDEPENDENT
OPERATIONS NOT OWNED BY
OTHERS (CHART 5)
MB13466_MAY16
Chart 4: Number and Percentage of Enterprises
with 0-19 Employees by Industry
*Small businesses are defined here as
those enterprises with fewer than
20 employees. There is no official
definition of a small business in
New Zealand, however enterprises
with fewer than 20 employees has
traditionally been used and referred
to in some legislation. Australia
also uses the same definition which
enables comparisons to be made.
Internationally there is no universally
used definition for a small business:
many economies use a limit higher
than 20 employees.
Rental, hiring & real estate
105,777
Finance & insurance services
34,686
Agriculture, Forestry
& Fishing
68,076
Other services
22,041
Construction
52,425
Professional, scientific
& technical services
Information, media
& communications
54,519
280,240
1,165,510
9,411
Administrative
& support services
Transport, postal &
warehousing
15,975
Retail trade
25,998
Wholesale trade
16,437
14,523
702
Mining
Healthcare &
social assistance
372,030
20-49 Employees
4,821
Arts & recreation services
17,016
1,011
Utilities
Accommodation
& food services
17,919
Manufacturing
19,152
Public administration
& safety
990
Education & training
6,141
0%
0-19 employees
Chart 3: Estimated Contribution to GDP
0-19 Employees
$57,163m
50%
Chart 5: Percentage of Enterprises
with Common Ownership
20-49 Employees
TOTAL
$13,908m
$217,995m
$100,617m
Excluded Industries /
Other Items
$46,308m
Data source: Statistics New Zealand, National Accounts Mar 2013
100%
20 or more employees
45%
20%
4%
0-19
20-49
50+
Number of employees
◊
SMALL BUSINESSES ARE YOUNG AND DYNAMIC
30%
Chart 6: Type of Enterprise
by Employee Size Group (%)
Number of employees
0
42%
OF FIRMS WITH ZERO
EMPLOYEES BORN IN 2010
CEASED TO EXIST BY 2015.
FIRMS WITH 1-19 EMPLOYEES
HAVE SIMILAR SURVIVAL RATES
TO FIRMS WITH 10-99 EMPLOYEES,
BUT MUCH LOWER THAN
LARGER FIRMS (CHART 8)
21
1-5
9
6-19
5
14
10
1
17
73
33
82
20-49 3
52 5
78
50-99
4 1 14
74
100+
47%
45
Number of employees
OF FIRMS WITH 1-19 EMPLOYEES
HAVE EXISTED FOR FIVE YEARS
OR FEWER. THIS COMPARES
TO 17% FOR LARGER FIRMS
(CHART 7)
Chart 7: Age of Enterprise
by Employee Size Group (%)
31
69
31
21
20-49 2
50+
22
Individual Proprietorship
Societies and Associations
Partnership
Trusts/Estates
Registered Limited Liability Company
All Other Entities
27
24
18
12
19
12
26
27
26
< 1 year
49
1-5 years
6-10 years
11-20 years
21+ years
Chart 8: Survival Rates of Enterprises Born in 2010
Chart 9: Average Salaries and Wages per Employee (RME)
42%
0
Number of employees
58%
57%
1-5
53,904 54,784 55,065
43%
65%
6-9
42,021 42,792 43,802
35%
10-19
59%
41%
20-49
61%
39%
50-99
64%
36%
1-19
20%
80%
100+
WAS THE AVERAGE SALARY OF
EMPLOYEES IN ENTERPRISES
WITH 1-19 EMPLOYEES (CHART 9)
Survived in 2015
Chart 10: Annual Job Creation by Employee Size Group
20+
Number of employees
2012
Ceased by 2015
1-19
Data source: Statistics New Zealand Annual Enterprise Survey, 2015
Number of enterprises
9,000
97,000
34,400
20-49
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
50+
0
Number of employees
2012
2013
2006
2007
2008 2009
2010
2011
2012
Chart 12: Percentage of Businesses Undertaking R&D
Chart 13: Percentage of Businesses Exporting
14%
7%
13% 13%
14%
23% 23%
7%
15%
6%
2009 2010 2011 2012 2013 2014 2015
6-19 employees
11%
12%
12%
2009 2010 2011 2012 2013 2014 2015
20+ employees
Data source: Statistics New Zealand Business Operations Survey, 2015
2014
Births
12%
2013
2014
Data source: Statistics New Zealand Linked Employer-Employee Data, Dec 2012-14
7%
2014
Chart 11: Births and Deaths of Employing Small Business
103,300
28,900 29,600
7%
2013
121,100
115,300
104,900
6%
34
$43,802
6%
19
OF ALL JOBS CREATED IN THE
YEAR ENDING DECEMBER 2014
WERE IN FIRMS WITH
1-19 EMPLOYEES (CHART 10)
100,200
1-19 3
25%
21%
26%
23%
28% 29%
2015
Deaths
30% 30%
22%
15%
2009 2010 2011 2012 2013 2014 2015
6-19 employees
2009 2010 2011 2012 2013 2014 2015
20+ employees
◊
ZERO-EMPLOYING FIRMS GENERATE VALUE
$200,800
Chart 14: Zero-Employing Firms by Industry
WAS THE AVERAGE REVENUE PER
ENTERPRISE FOR FIRMS WITH
ZERO EMPLOYEES IN 2014. THIS
COMPARES WITH AN AVERAGE
REVENUE OF $178,000 FOR FIRMS
WITH 1-19 EMPLOYEES (ANNUAL
ENTERPRISE SURVEY, AUG 2015)
Construction
100,266
34,377
TOTAL
Agriculture, forestry & fishing
Finance and insurance services
353,070
48,228
32,184
All others
28%
97,491
40,524
OF FIRMS WITH ZERO EMPLOYEES
ARE IN THE RENTAL, HIRING
AND REAL ESTATE INDUSTRY
◊
SELF-EMPLOYED ARE ALSO SMALL BUSINESS
44%
OF SELF-EMPLOYED ARE OVER
THE AGE OF 50. MOST OF THE
GROWTH IN SELF-EMPLOYMENT
OVER THE PAST DECADE
CAME FROM THOSE OVER 50,
WHILE SELF-EMPLOYMENT
OF YOUNGER AGE GROUPS
HAS FALLEN (CHART 15)
Chart 15: Self-Employed by Age and Sex
TOTAL
401,865
15-19
50-59
4,527
109,383
20-29
60-65
32,052
41,475
30-39
65+
74,232
26,745
40-49
16%
OF THE SELF-EMPLOYED
WORK IN THE CONSTRUCTION
INDUSTRY (CHART 16)
10%
OF MĀORI RUN THEIR OWN
BUSINESS, BEING EITHER
SELF-EMPLOYED, OR
EMPLOYING OTHERS
Female
113,451
Male
152,601
249,264
Data source: Statistics New Zealand Linked Employee-Employer Data, 2014
Chart 16: Self-Employed by Industry
TOTAL
401,865
Construction
64,782
26,364
Retail trade
25,044
57,027
Agriculture, forestry & fishing
All others
51,747
176,901
Data source: Statistics New Zealand Linked Employee-Employer Data, 2014
Chart 17: Self-Employed by Ethnicity
*In this factsheet, data on numbers in
self-employment comes from linked
employee–employer data. A person
is self-employed if they derive the
majority of their income in one tax year
from self employment. A person can
be self-employed and also work as an
employee in another business. A person
who is self-employed at multiple
businesses is only counted once.
Self-employed
Rest of employed
Pacific Peoples
Data source: Statistics New Zealand Census 2013
Māori
Total
◊
SMALL FIRMS FACE UNIQUE CHALLENGES
EMPLOYMENT
26%
OF EMPLOYEES AT
ECONOMICALLY-SIGNIFICANT
FIRMS WITH 6-19 EMPLOYEES
WERE PART-TIME.
THIS COMPARES WITH
24% FOR FIRMS WITH 20-49
AND 50+ EMPLOYEES.
(CHART 18)
Full-time jobs
Part-time jobs
95%
USE THE INTERNET
223,000
182,000
157,000
INNOVATION
OF FIRMS WITH
6-19 EMPLOYEES INTRODUCED
INNOVATIVE GOODS OR
SERVICES IN 2015. THIS
COMPARES TO 23% FOR FIRMS
WITH 20 OR MORE EMPLOYEES
FOR BUSINESSES WITH 6-19
EMPLOYEES:
579,000
78,000
17%
ACCESS TO ICT
Chart 18: Full-time/Part-time Employment by Employee Size Group
92%
49,000
6-19
20-49
50+
ARE CONNECTED BY
BROADBAND
Number of employees
66%
Chart 19: Percentage of firms introducing new or significantly
improved products by employee size group
HAVE A WEBSITE
2011
24%
21%
16%
15%
2013
23%
2015
44%
17%
HAVE INTERNET SALES
6-19
20+
Number of employees
*Data source: Statistics New Zealand
Business Operations Survey, 2014
Chart 20: Percentage of Firms Accessing Debt Financing on Acceptable Terms
ACCESS TO FINANCE
87%
95%
89%
OF FIRMS WITH
6-19 EMPLOYEES
WHO REQUESTED DEBT
FINANCE COULD ACCESS
IT ON ACCEPTABLE TERMS
(CHART 20)
78%
92%
92%
88%
6-19
2015
87%
Number of employees
20-49
Chart 21: Percentage of Firms Accessing Equity Financing on Acceptable Terms
WHO REQUESTED EQUITY
FINANCE COULD ACCESS ON
ACCEPTABLE TERMS (CHART 21)
89%
87%
85%
83%
DEBT FINANCE IS SOUGHT
BY MORE BUSINESSES THAN
EQUITY FINANCE
2013
2014
77%
6-19
78%
Number of employees
20-49
2013
2014
2015
◊ CONDITIONS
◊
This work is based on/includes Statistics New Zealand’s data which
are licensed by Statistics New Zealand for re-use under the Creative
Commons Attribution-Noncommercial 3.0 New Zealand license.
Please refer to the following data quality statements outlining the
coverage and limitations of each data source:
›› Enterprise: is an institutional unit and generally corresponds
to legal entities operating in New Zealand. It can be a company,
partnership, trust, estate, incorporated society, producer board,
local or central government organisation, voluntary organisation,
or self-employed individual.
›› The Annual Enterprise Survey provides annual information on financial
performance and financial position for industry and sector groups
operating within New Zealand. The target population of the survey
are economically significant enterprises operating in New Zealand,
whose main activity is not superannuation funds, residential
property operation, foreign government representation, religious
services, or private households employing staff and undifferentiated
goods-and service-producing activities of households for own
use. http://www.stats.govt.nz/browse_for_stats/businesses/
business_finance/annual-enterprise-survey-info-releases.aspx
›› Business Demography statistics provide an annual snapshot
(as at February) of the structure and characteristics of New Zealand
businesses. The series covers all economically significant enterprises
engaged in the production of goods and services in New Zealand.
http://www.stats.govt.nz/browse_for_stats/businesses/
business_characteristics/nz-business-demography-statisticsinfo-releases.aspx
›› The Business Operations Survey is an annual modular survey
providing statistics on business practices and behaviours that
may have some impact on New Zealand business performance.
The target population for the survey are economically significant
enterprises with six or more employees operating for one year or
more. http://www.stats.govt.nz/browse_for_stats/businesses/
business_growth_and_innovation/business-operations-surveyinfo-releases.aspx
›› Linked Employer-Employee Data provides a quarterly insight into
the operation of New Zealand's labour market. The data covers all
individuals who receive income from which tax is deducted at source:
http://www.stats.govt.nz/browse_for_stats/income-and-work/
employment_and_unemployment/linked-employer-employeedata-info-releases.aspx
›› The National Accounts (Industry Benchmarks) provide
comprehensive industry data on production, investment, and
capital stock. This data was analysed in a supply-use balancing
framework to reconcile the production, expenditure, and income
measures of gross domestic product (GDP). It focuses on industry
data and the benchmarks for the level of economic activity, which
update and maintain the quality of quarterly GDP statistics. http://
www.stats.govt.nz/browse_for_stats/economic_indicators/
NationalAccounts.aspx
›› The Quarterly Employment Survey measures the number of jobs
(technically referred to as filled jobs), earnings, and paid hours for
a sample of economically significant businesses. http://www.stats.
govt.nz/browse_for_stats/income-and-work/employment_and_
unemployment/labour-market-statistics-information-releases.
aspx
DEFINITIONS
›› Enterprise birth: a new enterprise starting operation, with the
restriction that no other national businesses are involved. These
do not include entries into the population due to reactivations,
mergers, break-ups, split-offs, or other restructuring of a group
of businesses linked by ownership or control. It also excludes
entries into a population resulting from changes to characteristics
of existing businesses.
›› Enterprise death: an enterprise ceasing operation, with the
restriction that no other domestic businesses are involved in
the event. This does not include exits from the population due
to temporary inactivity, mergers, takeovers, break-ups, or other
restructuring of a group of businesses linked by ownership or
control. It also excludes exits from a population resulting from
changes to characteristics of businesses which remain active.
›› Enterprise group: a set of enterprise units linked by common
ownership. Statistics New Zealand only records links of over
50% shareholding between enterprises. Enterprise groups include
all resident groups, foreign controlled enterprise groups and
domestically controlled enterprise groups.
For more information on the definitions of Business Demography
sourced data see:
›› http://www.stats.govt.nz/browse_for_stats/businesses/
business_characteristics/BusinessDemographyStatistics_
HOTPFeb15/Definitions.aspx
›› Jobs created: The net number of jobs created by a business,
since the previous reference date.
›› Full-time jobs: jobs where the employee works for 30 hours
or more per week.
›› Part-time jobs: jobs where the employee works for less than
30 hours per week.
›› RME (Rolling Mean Employment) is a 12-month moving average
of the monthly employee count for an enterprise.

Small Business Factsheet 2016 - Ministry of Business, Innovation

Transcription

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