Portugal is on the European podium at the level of business creation. With a rate of 15.8 percent of new companies out of the total number of active companies, national entrepreneurs placed the country in second place in the European business birth rate in 2017. Better only Lithuania with a rate of 19.7 percent. This is well above the European average of 9.3%, according to data revealed this Monday by Eurostat.
The European rate of 9.3 percent was exactly the same as the previous year, but represents a slight increase over the 9 percent of 2012. In Portugal, the figures for 2017 represent an increase of 0.2 percentage points compared to 2016. But in 2015, the rate had been higher than the values registered in 2017 (15.91 percent).
However, the most significant year-on-year evolution was that of Finland (2.9 percentage points). In the opposite direction, Malta fell by 6.1 percentage points to 10.2 percent.
According to Eurostat, the employment generated by these newly created companies was 2.4 percent of total employment in the European Union in 2017. In Portugal, however, the indicator is much more significant and puts the country in first place with 5.2 percent. At the end of the table are Germany and the Netherlands with 1.2 percent.