In 2022, there were approximately 106,182 SMEs operating in Latvia, with the vast majority of these (97,220) being micro-sized enterprises that employed between zero and nine people. Additionally, there were around 7,563 small businesses, which had between 10 and 49 employees, and 1,399 medium-sized businesses.
Number of small and medium-sized enterprises (SMEs) in Latvia from 2008 to 2022, by size
The source adds the following information: The data cover the 'non-financial business economy', which includes industry, construction, trade, and services (NACE Rev. 2 sections B to J, L, M and N), but not enterprises in agriculture, forestry and fisheries and the largely non-market service sectors such as education and health. The following size-class definitions are applied: micro firms (0-9 persons employed), small firms (10-49 persons employed), medium-sized firms (50-249 persons employed), and large firms (250+ persons employed). The advantage of using Eurostat data is that the statistics are harmonised and comparable across countries. The disadvantage is that for some countries the data may be different from those published by national authorities.
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European Commission. (June 20, 2022). Number of small and medium-sized enterprises (SMEs) in Latvia from 2008 to 2022, by size [Graph]. In Statista. Retrieved November 24, 2024, from https://www.statista.com/statistics/879095/number-of-smes-in-latvia/
European Commission. "Number of small and medium-sized enterprises (SMEs) in Latvia from 2008 to 2022, by size." Chart. June 20, 2022. Statista. Accessed November 24, 2024. https://www.statista.com/statistics/879095/number-of-smes-in-latvia/
European Commission. (2022). Number of small and medium-sized enterprises (SMEs) in Latvia from 2008 to 2022, by size. Statista. Statista Inc.. Accessed: November 24, 2024. https://www.statista.com/statistics/879095/number-of-smes-in-latvia/
European Commission. "Number of Small and Medium-sized Enterprises (Smes) in Latvia from 2008 to 2022, by Size." Statista, Statista Inc., 20 Jun 2022, https://www.statista.com/statistics/879095/number-of-smes-in-latvia/
European Commission, Number of small and medium-sized enterprises (SMEs) in Latvia from 2008 to 2022, by size Statista, https://www.statista.com/statistics/879095/number-of-smes-in-latvia/ (last visited November 24, 2024)
Number of small and medium-sized enterprises (SMEs) in Latvia from 2008 to 2022, by size [Graph], European Commission, June 20, 2022. [Online]. Available: https://www.statista.com/statistics/879095/number-of-smes-in-latvia/