New figures from the Australian Bureau of Statistics show that there were more than 2.1 million active businesses in Australia in June 2012. That number is dominated by very small operations: more than half those businesses have an annual turnover of less than $200,000 a year.
Small business picture from Shutterstock
Here's how those numbers break down:
- 597,930 businesses had between $0 and $50,000 in turnover;
- 739,89 had between $50,000 and $200,000;
- 673,065 had between $200,000 and $2 million;
- 130,416 had more than $2 million.