Companies are vital for creating jobs. More firms mean more employment and stronger economies. But enterprises are dynamic. They open and close all the time.
In 2023, the European Union had more than 33 million active enterprises according to Eurostat. 3.5 million new businesses were created that year, while 2.8 million closed down. This equals a birth rate of 10.5% and a death rate of 8.5%. In other words, more firms opened than shut their doors in the EU.
