May 24, 2018 Last Updated 8:19 AM, May 23, 2018

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Female entrepreneur figures in Australia increase over last decade

Weighing the earth on a wooden balanceAusBNAusBN - Latest 2016 Census data has revealed a mild increase in the number of women owning their own businesses in Australia.

Females now account for 33% of owner managers in Australia, compared to 31% in 2006, with this growth occurring at a faster rate than males.

The number of women operating their own businesses increased by 7.6% to 504,838 over the decade up to 2016, compared to a negligible rise of just 0.3% amongst men.

The statistics also found 33% of female business owners are juggling work commitments with children under 15 years old, and 3.9% are managing their business while working as a sole parent.

Breaking the numbers down into age brackets, the proportion of people aged 18 to 24 in owner operator roles is 2.3%, while 9.8% of women in these positions are aged over 65. The median age for women with their own businesses in Australia is 47.

@AusBNOnline

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