Almost one in five new businesses in the European Union failed in their first year according to the one-year business survival rates in the European Union for 2018. In this year, the country with the highest business survival rate was Greece, which had a one-year survival rate of 96.7 percent, while Lithuania had the lowest at 63.57.
One-year business survival rates in selected European countries in 2018, by country
In the Business Demography context, survival occurs if an enterprise is active in terms of employment and/or turnover in the year of birth and the following year(s). Two types of survival can be distinguished:
1. An enterprise born in year xx is considered to have survived in year xx+1 if it is active in terms of turnover and/or employment in any part of year xx+1 (= survival without changes).
2. An enterprise is also considered to have survived if the linked legal unit(s) have ceased to be active, but their activity has been taken over by a new legal unit set up specifically to take over the factors of production of that enterprise (= survival by take-over).
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Eurostat. (April 15, 2021). One-year business survival rates in selected European countries in 2018, by country [Graph]. In Statista. Retrieved November 26, 2024, from https://www.statista.com/statistics/1114070/eu-business-survival-rates-by-country/
Eurostat. "One-year business survival rates in selected European countries in 2018, by country." Chart. April 15, 2021. Statista. Accessed November 26, 2024. https://www.statista.com/statistics/1114070/eu-business-survival-rates-by-country/
Eurostat. (2021). One-year business survival rates in selected European countries in 2018, by country. Statista. Statista Inc.. Accessed: November 26, 2024. https://www.statista.com/statistics/1114070/eu-business-survival-rates-by-country/
Eurostat. "One-year Business Survival Rates in Selected European Countries in 2018, by Country." Statista, Statista Inc., 15 Apr 2021, https://www.statista.com/statistics/1114070/eu-business-survival-rates-by-country/
Eurostat, One-year business survival rates in selected European countries in 2018, by country Statista, https://www.statista.com/statistics/1114070/eu-business-survival-rates-by-country/ (last visited November 26, 2024)
One-year business survival rates in selected European countries in 2018, by country [Graph], Eurostat, April 15, 2021. [Online]. Available: https://www.statista.com/statistics/1114070/eu-business-survival-rates-by-country/
