According to a survey conducted in December 2024, 38 percent of respondents in Australia expected to concentrate on growing their business over the next 12 months. 14 percent of those surveyed said they would concentrate on exiting or downsizing their business over the next 12 months.
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Business growth expectations of small and medium enterprises (SMEs) in Australia from December 2023 to December 2024
Key decision makers/influencers at small and medium enterprises from all industry sectors across Australia responded to the survey. Data is weighted to reflect the distribution by industry, number of employees, and state.
Supplementary notes
Businesses with between 1-500 employees included in sample.
Original question: 'Overall, what best describes your approach to business over the next 12 months?'.
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fifth quadrant. (January 10, 2025). Business growth expectations of small and medium enterprises (SMEs) in Australia from December 2023 to December 2024 [Graph]. In Statista. Retrieved June 30, 2025, from https://www.statista.com/statistics/1453203/australia-growth-expectations-of-smes/
fifth quadrant. "Business growth expectations of small and medium enterprises (SMEs) in Australia from December 2023 to December 2024." Chart. January 10, 2025. Statista. Accessed June 30, 2025. https://www.statista.com/statistics/1453203/australia-growth-expectations-of-smes/
fifth quadrant. (2025). Business growth expectations of small and medium enterprises (SMEs) in Australia from December 2023 to December 2024. Statista. Statista Inc.. Accessed: June 30, 2025. https://www.statista.com/statistics/1453203/australia-growth-expectations-of-smes/
fifth quadrant. "Business Growth Expectations of Small and Medium Enterprises (Smes) in Australia from December 2023 to December 2024." Statista, Statista Inc., 10 Jan 2025, https://www.statista.com/statistics/1453203/australia-growth-expectations-of-smes/
fifth quadrant, Business growth expectations of small and medium enterprises (SMEs) in Australia from December 2023 to December 2024 Statista, https://www.statista.com/statistics/1453203/australia-growth-expectations-of-smes/ (last visited June 30, 2025)
Business growth expectations of small and medium enterprises (SMEs) in Australia from December 2023 to December 2024 [Graph], fifth quadrant, January 10, 2025. [Online]. Available: https://www.statista.com/statistics/1453203/australia-growth-expectations-of-smes/
