SMEs account for 79.8% of total employment
In 2016, nonfinancial enterprises improved their main economic indicators, the total Gross Value Added (GVA) (5.1%), the Gross Operating Surplus (6.9%) and the Turnover (2.1%). SMEs account for 79.7% of the total employment of all non-financial enterprises, contributing to 63.4% of GVA and 58.7% of Gross Operating Surplus.
The INE – Statistics Portugal published the report concerning the Portuguese non-financial enterprises in the year 2016. It concluded that there was a total of 1 168 998 businesses, which reflects a 0.5% increase from the previous year. The data disclosed in this report shows that between 2015 and 2016, non-financial enterprises in Portugal improved their main economic indicators, the total Gross Value Added (GVA) (5.1%), the Gross Operating Surplus (6.9%) and the Turnover (2.1%).
The Small and Medium sized Enterprises (SMEs) represent, naturally, an overwhelming number of existing businesses (99.9%), while 1 039 were considered Large, 2.6% more than in 2015. SMEs are responsible for 79.7% of the total employment of the non-financial enterprises; generating 63.4% of the gross value added (GVA) and 58.7% of the Gross Operating Surplus.
In 2016, companies accounted for 32.4% of all non-financial corporations, with positive developments in the main economic indicators under analysis. GVA increased 5.4%, EBE 7.9% and turnover 2.1%. The main financial ratios have also improved between the year 2015 and 2016.
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