Annual Report on European SMEs 2015 / 2016 – SME recovery continues

Small and medium-sized enterprises (SMEs) continue to recover!

SMEs form the basis of the EU-28 economy. In 2015, almost 23 million SMEs generated USD 3.9 trillion and provided 90 million jobs. This means that in 2015 SMEs accounted for two-thirds of employment in the EU-28 and slightly less than three-fifths of EU-28 value added in the non-financial sector.

The vast majority of SMEs are micro-enterprises with fewer than 10 employees – these enterprises account for almost 93% of all enterprises in the non-financial sector.

For more information, please read the annual report.