Business Demography, 2009
The latest National Statistics on business demography produced by the Office for National Statistics were released on 1 December 2010 according to the arrangements approved by the UK Statistics Authority.
Statistics on enterprise births, deaths and survival rates include data for Wales and local authorities within Wales for 2009. The latest release updates the statistics previously released on 30 November 2009.
The key points from the latest release are:
- There were 8,325 enterprise births in Wales during 2009, which is a rate(1) of 9.1 per cent. This is the third lowest rate out of the UK countries and regions (ahead of Northern Ireland and the South West). The UK birth rate was 10.1 per cent.
- There were 10,160 enterprise deaths in Wales during 2009, which is a rate(1) of 11.1 per cent, below the UK rate of 11.9 per cent. This is the fourth lowest of the UK countries and regions (highest is London at 13.7 per cent)
- The total number of enterprises active in Wales during 2009 was 91,125. This includes only those enterprises which are headquartered in Wales.
- The 5 year survival rate for enterprises born in 2004 and still active in 2009 for Wales was 47 per cent, the same as the UK survival rate. The highest 5 year survival rate was in Northern Ireland (53 per cent), whilst the lowest was in London (42 per cent).
- The 1 year survival rate for enterprises born in 2008 and still active in 2009 for Wales was 94 per cent, above the UK survival rate of 92 per cent. The lowest survival rate was in Northern Ireland (81 per cent) whilst the highest was in Wales.
The regular statistical bulletin giving further analysis of the business demography data will be published at 9:30am on 20 January 2011. A link to that bulletin will be added at the top of this page at that time.
(1)Rates calculated as percentage of stock.
Contact
Tel: 029 2082 5017
E-mail: economic.stats@wales.gsi.gov.uk
Next update
November 2011 (provisional - to be confirmed on 'Due out Soon' page)