“In 2017, the number of new enterprise births in the European Union as a proportion of the total number of active EU enterprises stood at 9.3%,” Eurostat reported. The figure for Luxembourg was 9.2%.
The EU countries with the highest “enterprise birth rate” were Lithuania (19.7%), Portugal (15.8%) and Slovakia (13.7%). The lowest proportions were recorded in Sweden (6.6%), Belgium (6.4%) and Greece (4.5%).
Eurostat stated: “The employment generated by these newly created enterprises stood at 2.4% of total employment in the EU in 2017, ranging from 5.2% in Portugal to 1.2% in Germany and the Netherlands.”
The job creation figure for Luxembourg, 1.7%, was below the EU average. Companies formed that year represented 2.7% of total jobs in France, 2.1% in Belgium and 1.2% in Germany.