Rate of business discontinuance in Europe, by country 2022

Published by
Olan McEvoy,
Jun 12, 2023
In 2022, the country in Europe with the highest rate of business discontinuance, that is, the shutting down of a pre-existing business enterprise, was the Netherlands, with 5.6% of companies in that country discontinuing their activities in 2022. According to data from the Global Entrepreneurship Monitor's 2022/23 report, Slovakia, Germany, and Luxembourg were the next three European countries with the greatest share of business discontinuances, while Norway, Romania, and Hungary had the fewest in the continent for 2022.

Rate of business discontinuance in Europe in 2022, by country

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Source

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Release date

February 2023

Region

Europe

Survey time period

2022

Number of respondents

about 3,000 per country

Age group

18-64 years

Special properties

data is composed of the Adult Population Survey and the National Expert Survey

Method of interview

Questionnaire

Supplementary notes

Business discontinuance tends to decline as economic development level increases. The rate shown here is comprised of individuals who have discontinued a business in the last 12 months.

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