Malta Registers Second-Highest Proportion Of High-Growth Companies In EU

 High-growth companies were identified using the criteria of average annualised growth in employee numbers of more than 10 per cent per year over a three-year period.

Malta recorded the second-highest proportion of high-growth enterprises among all active enterprises with at least 10 employees at 13.7 per cent, according to new figures released by Eurostat.

The highest growth was recorded in Ireland (14.9 per cent), while other strong showings were made by Hungary (12.5 per cent), Slovakia and Latvia (both 12.2 per cent) as well as Sweden (12.1 per cent).

At the opposite end of the scale, the lowest shares were registered in Cyprus (2.2 per cent in 2014) and Romania (2.3 per cent), followed by Greece (6.0 per cent), Austria (6.5 per cent), Italy (7.6 per cent), Estonia (7.7 per cent) and Belgium (8.1 per cent).

High-growth companies were identified using the criteria of average annualised growth in employee numbers of more than 10 per cent per year over a three-year period and at least 10 employees when this growth began.

High-growth enterprises play an important role in contributing to economic growth and job creation. In 2015, close to 158,000 companies were recognised as high-growth enterprises, accounting for nearly 10 per cent of all active enterprises with at least ten employees in the business economy in the European Union, and providing work for over 13.5 million employees.

High-growth enterprises in the EU were more predominant in the service sectors than in the rest of the business economy in 2015. The highest proportion of high-growth enterprises was in the ICT sector, followed by administrative and support service activities.

 

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