Small businesses have woeful survival rate in Denmark

According to figures from 2013-2018, under 50 percent of micro enterprises are still in operation five years after being launched 

Within five years, the bulbs are off for most small firms (photo:
October 4th, 2021 11:02 am| by Christian W
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According to UK business loan firm money.co.uk, Denmark has a feeble track record when it comes to producing lasting micro enterprises – businesses with less than ten employees.

Money.co.uk looked into the performance of 28 European countries from 2013-18 and found that Denmark rated last for five-year business survival rates.

Of the 8,213 micro enterprises established in 2013, only 3,458 (or 42 percent) had survived by 2018.

READ ALSO: Denmark sees highest consumer price hike in almost a decade

France tops list
That ratio was the worst overall, behind fellow strugglers UK (43 percent), Poland (44), Iceland  (45) and Turkey (46).

Meanwhile, France scored best in Europe with a five-year survival rate of 75 percent, followed by Sweden (73) and Slovakia (70).

Other notables included the Netherlands (66 percent), Belgium (60), Finland (58), Norway (53) and Germany (47).

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