Mark Horner
The SME Market in South America
What is a Small to Medium Enterprise in South America?
Small and medium enterprises (SMEs) are businesses that maintain revenues, assets or a number of employees between certain thresholds. Each country has its own definition of what constitutes a small and medium-sized enterprise (SME). Small and medium-sized enterprises in South America are businesses with no more than 500 employees.
How big is the SME Market in South America?
The SME market in South America has huge potential for growth. Small and medium-size enterprises play a hugely important role in the economy of South America. They outnumber large firms considerably, employ vast numbers of people and are entrepreneurial in nature, helping to shape innovation and support local communities. South America has a population of over 432,182,723 people. South America has recently had a GDP of over $6.92 trillion.
What help is available for SMEs in South America?
Help for small and medium enterprises (SMEs) includes virtual peer-to-peer advisory boards. With our blended model utilising Zoom and supplemented by in person meetings we are able to support and grow businesses anywhere in the world. Our growing network of Regional Directors ensure that we have suitable people to help you whatever your language or time zone.