Posted on November 14 2023
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EU had 31 million businesses employing 156 million workers in 2021. 98% (30.3 million) of the total were micro and small businesses, each employing up to 49 people. 75.8 million people were employed by micro and small businesses combined, i.e., 49% of all people employed in firms. They generated €3.3 trillion in value added, representing 35% of the total value added (€9.3 trillion).
The 240 000 medium-sized businesses, which employed 50–249 people, made up 0.8% of all businesses, and had 24.0 million employees, registering a value of €1.6 trillion (17%).
Although large businesses (with more than 249 employees) represented only 0.2% of all businesses, they employed more than a third of the business labor force (55.6 million, 36%) and created nearly half (48%) of the value contributed (€4.4 trillion),
For the first time, complete structural business statistics (SBS) is prepared in accordance with the new European Business Statistics (EBS) framework with a number of enhancements that boost the data for the EU’s business sector. More factors and economic activities are now included by SBS, such as banking and insurance activities as well as activities related to services (education, human health and social work, arts, entertainment, and recreation).
Preliminary SBS data for 2021 was released by Eurostat in December 2022, for the first time by size classes of enterprises, for three variables: employment, turnover, and number of enterprises.
According to the data, the sector with the largest turnover in 2021 was the "industry" sector. It employed about one-fifth of the business labor force (33.0 million people, 21%) and produced one-third of the turnover (€10.6 trillion, 33%).
The "trade" sector accounted for 5.9 million enterprises, or 19% of all businesses. 31% (or €9.9 trillion) of the entire sales was produced by the 29.5 million employees there.
The “construction” industry represented 12% of the all the businesses but generated only 6% of total revenue (€1.9 trillion), with 13.4 million workers employed in this industry.
The largest category of businesses, making up 61% of all businesses (19.0 million enterprises) included business services from "transportation and storage" to "accommodation and food service activities," "education," "human health and social work activities," and "arts, entertainment and recreation."
These stats are from the previous years, and Europe strives to increase employment now and in the future. If you're seeking for a job in Europe, now is the perfect opportunity!
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Posted On November 29 2023
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