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The contribution of social enterprise to Australian economy revealed

admin by admin
January 20, 2023
in Procurement


The contribution of  Australian social enterprises to the national economy has been found to be worth over $21 billion and the sector employs as many people as the mining industry, new Social Enterprise Australia research reveals. 

The research, Business for good: The size and economic contribution of social enterprise in Australia, found more than 12,000 social enterprises, provided more than 206,000 jobs. The employment figures equate to 1.6% of the national workforce.

“It shows that — despite limited Federal Government recognition and support — the social enterprise sector makes a significant economic contribution to Australia,” Social Enterprise Australia CEO Jess Moore said about the report. 

In each state and territory the estimated number of social enterprises are:

  • 3,148 in Victoria
  • 2,174 in Queensland
  • 399 in Tasmania
  • 851 in South Australia
  • 995 in Western Australia
  • 4,042 in New South Wales
  • 244 in the Northern Territory
  • 180 in the Australian Capital Territory

In total, social enterprise makes an estimated contribution of $21.27 billion per year to the Australian economy, the research revealed.

“For comparison, arts and recreation services contribute $14.98 billion to the Australian economy and agriculture, forestry and fishing contribute $50.86 billion to the Australian economy,” the research states. 

Moore said the economic contribution and size of social enterprises strengthened the case for greater government partnerships and support and a cohesive national strategy to grow the sector. 

“Off the back of this research, we call on the federal government to work with our sector on a national strategy to unlock the full potential of social enterprise. This can help move Australia to an economy that puts wellbeing first,” Moore told Pro Bono Australia. 

“Without a federal government strategy, Australia risks falling behind other countries where social enterprise drives positive social and environmental change. There are an average 466 social enterprises in Australia per 1 million people, compared to 1,102 per million people in Scotland, 571 per million in Hong Kong and 528 per million in New Zealand.”



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