In Serbia, the value added per employee in companies of all sizes is not even a third of that in the European Union. Small companies in Serbia realize 29.8% of value added per employee in the EU. Our small companies have the most favorable relationship in the real estate business (41.2%) and the least favorable in the supply of electricity (5.1%).
In the European Union, only 0.2% of companies in the non-financial sector are large companies with more than 250 employees. The rest are 22.2 million small (less than 49 employees) and medium (50 to 249 employees) companies. In 2017, they participated with 3.5 billion euros, or 56% in total value added.
SMEs employed 83.9 million people in the EU, accounting for 67% of total employment. Over half of the total number of employees in SMEs work in trade, manufacturing and construction. Small enterprises had the largest share in employment in Portugal, Spain, Latvia, Estonia and Slovakia, while medium-sized companies made up the majority in Luxembourg, followed by Lithuania, Estonia and Latvia.
Serbia has a smaller share in the value added of small enterprises compared to the EU (29.9% vs. 37.3%), and a larger share of medium (21% vs. 18.6%) and large enterprises (49.1%: 44.1 %).
The share of large companies in the value added of electricity supply is the largest in terms of activities in both Serbia and the EU, but it is 93.7% in Serbia and 69.2% in the EU.
In computer repair and personal services in Serbia, 100% of companies are from the SME sector, while in the EU 27.4% of value added is created by large companies.
In the two largest industries, manufacturing and trade, we have a similar value-added structure by company size as the EU.
Serbia also has a smaller share of small enterprises in employment compared to the EU – in our country it is 40.5% and in the EU 50%. We have a higher share of medium (20.1%: 16.9%) and large (39.3%: 33%).
In the manufacturing industry and in trade, as the two largest business activities, we have similar shares in the employment of small and medium enterprises as the EU.
Electricity supply has the largest share in the employment of large companies in both Serbia (87.7%) and the EU (73.9%).
The real estate sector has a smaller share in the total employment of large companies of 10% in both Serbia (6.7%) and the EU (8.6%), while it is smaller in construction in Serbia (6.7%) and slightly higher in the EU (10 , 7%).
In Serbia, the total value added per employee in companies of all sizes is 30.1% of the value in the EU. By activities, it is highest in construction (37.7% of the EU) and lowest in water supply (18.3%).
Small companies in Serbia realize 29.8% of value added per employee in the EU. Our small companies have the most favorable relationship in the real estate business (41.2%) and the least favorable in the supply of electricity (5.1%).
In relation to the average value added per employee, small companies in Serbia have 74% of the average, medium 104% and large 125%. In the EU, this scale is: 75%; 110% and 134%.
Large companies have below average value added per employee in Serbia in three activities (trade, professional, scientific and technical activities and in administrative and support services), while in the EU they have in two activities (electricity supply and administrative and support activities), eKapija reports.
