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OECD Glossary of Statistical Phrases

OECD Glossary of Statistical Phrases

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Definition:
Small and medium-sized enterprises (SMEs) are non-subsidiary, impartial corporations which make use of fewer than a given variety of staff. This quantity varies throughout international locations. Essentially the most frequent higher restrict designating an SME is 250 staff, as within the European Union. Nevertheless, some international locations set the restrict at 200 staff, whereas america considers SMEs to incorporate corporations with fewer than 500 staff.

Small corporations are usually these with fewer than 50 staff, whereas micro-enterprises have at most 10, or in some circumstances 5, employees.

Monetary property are additionally used to outline SMEs. Within the European Union, a brand new definition got here into pressure on 1 January 2005 making use of to all Group acts and funding programmes in addition to within the subject of State support the place SMEs might be granted greater depth of nationwide and regional support than massive firms. The brand new definition offers for a rise within the monetary ceilings: the turnover of medium-sized enterprises (50-249 staff) mustn’t exceed EUR 50 million; that of small enterprises (10-49 staff) mustn’t exceed EUR 10 million whereas that of micro corporations (lower than 10 staff) mustn’t exceed EUR 2 million. Alternatively, stability sheets for medium, small and micro enterprises mustn’t exceed EUR 43 million, EUR 10 million and EUR 2 million, respectively.

Supply Publication:
OECD, 2005, OECD SME and Entrepreneurship Outlook: 2005, OECD Paris, web page 17.

Statistical Theme: Trade and companies statistics

Created on Tuesday, December 4, 2001

Final up to date on Friday, December 2, 2005

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