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MSMEs contribute greatly in enhancing EU economy

09 Apr '08
3 min read

highest in Baltic Member States for small and medium enterprises…
In 2005, small enterprises (10-49 persons employed) accounted for 21% of total employment and 19% of value added in the NFBE in the EU27. These enterprises' share of total employment ranged from 12% in Poland and 16% in Greece to 28% in Estonia and 26% in Spain, Latvia and Lithuania.

Medium-sized enterprises (50-249 persons employed) in the EU27 accounted for 17% of total employment and 18% of value added in the NFBE in the EU27. These enterprises provided the highest share of total employment in Estonia and Lithuania (both 27%), and the lowest in Greece (10%) and Italy (12%).

and highest in Slovakia and the UK for large enterprises
In the EU27 in 2005, the 40 000 large enterprises (more than 249 persons employed) active in the NFBE, representing only 0.2% of the total number of enterprises, provided 33% of total employment and generated 42% of all value added.

The highest share of total employment in large enterprises were found in Slovakia and the United Kingdom (both 46%), while the lowest were observed in Cyprus (16%), Greece and Portugal (both 18%).

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