The number of companies opened across the EU is higher than those closing, with 3.4 million new companies created in 2022 versus 2.8 million that went out of business.
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00:00Let's talk about the business demography of the EU.
00:09In the EU, there are over 32 million businesses.
00:15They employ about 160 million people.
00:20What sort of businesses are they?
00:2499% are small or micro enterprises with fewer than 50 employees.
00:33They might be small, but they generate almost a third of the whole EU turnover.
00:41The number of businesses across the EU appears to be growing,
00:46with 3.4 million new companies created in 2022 versus 2.8 million that went out of business.
00:59The countries that launched the most new businesses compared to the size of the market
01:06were Lithuania, Portugal and Estonia.
01:10The lowest birth rates were recorded in Austria, Denmark and Italy.
01:18On the other hand, the countries with the highest share of companies that closed down
01:24were Estonia, Bulgaria and Ireland.