Australia's small enterprises are owned by migrants at a rate of 33 percent, according to a study done in 2017.
A 2017 study by EY Sweeney, on behalf of insurance company CGU, revealed that the Australian economy and labor force, particularly small businesses, benefited greatly from immigration. As a result, we can come to the following conclusions:
• 45% of all private sector jobs in Australia are held by small company owners.
• Migrants own 33% of all Australian small enterprises.
• A large percentage of migrant-owned enterprises (37 percent) provide distinctive products and services or give training to young people (25 percent ).
By 2050, the population of Australia is predicted to grow to 38 million people, with migration estimated to contribute $1.6 trillion to the country's economy.
