Small enterprises’ revenues increase by (0.9%)

 “GASTAT” releases the indicator of SMEs contribution to private sector for the third quarter of 2018
 
 
On Monday 18th of Rajab 1440 H corresponding 25th of March 2019, the General Authority for Statistics (GASTAT) released the results of SMEs contribution to private sector’ indicator for the third quarter of 2018. The indicator is published on GASTAT official website www.stats.gov.sa. It measures the contribution of SMEs in the growth of the private sector, while reflecting the development of these enterprises. 
The results showed an increase in the revenues of small enterprises which employ (6 to 49) workers in the private sector with a percentage of (0.9%) compared to the third quarter of last year (2017). However, the revenues of medium enterprises that employ (50 to 249) workers in the private sector registered (113,654,809) SAR in quarter 3, 2018. 
The results also demonstrated an increase in the number of small enterprises workers as they recorded (1,627,482) workers in quarter 3, 2018 with a percentage of (1.8%) compared to the same quarter of 2017. 
Regarding the numbers of workers in medium enterprises which employ (50 to 249) workers in the private sector, they increased to reach (917,847) workers in quarter 3, 2018 with a percentage of (2.5%) compared to quarter 3, 2017. 
 
The results of the indicator of SMEs contribution to private sector (quarter 3, 2018) indicated a decrease by (2.4%) in the numbers of workers in micro enterprises which employ (less than 5 workers) in the private sector with (2,015,019) workers during the third quarter of 2018, compared to the third quarter of 2017.  

On the other hand, the results also revealed a decrease in the revenues of micro enterprises that employ (less than 5 workers) in the private sector during the third quarter of 2018, with a percentage of (3.0%) compared to the third quarter of 2017, where they registered (171,256,482) SAR.