The countries that launched the most new businesses — compared to the size of their markets — were Lithuania (18.3%), Portugal (16.7%) and Estonia (16.6%).
Austria (6.2%), Denmark (7.4%), and Italy (7.9%) reported the lowest rates of enterprise growth.
The countries with the highest share of companies that closed down were Estonia (25.1%), Bulgaria (20.6%) and Ireland (15.6%), according to Eurostat.
Overall in the EU, there are over 32 million businesses and around 160 million employees.
Micro and small enterprises — those with fewer than 50 employees — make up 99% of the EU’s business ecosystem.
Although they might be “small”, they generate almost a third of the whole EU turnover (€11.9 trillion out of €38.3 trillion).
Eurostat data also shows the biggest turnover in 2022 was generated by the industry sector (35%), followed by services (30%), trade (29%) and construction (6%).
Services, however, is the sector employing the majority of people (51%), followed by industry, trade and construction.
Video editor • Mert Can Yilmaz
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Publish date : 2024-10-30 07:26:00
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