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Statistics

Business demography

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  • Release date: 21 November 2017
  • Period covered: 2016
Data which summarises information on the number of VAT/PAYE registered enterprise births and deaths and the stock of VAT/PAYE registered enterprises.

Key points

  • There were 12,115 enterprise births in Wales during 2016, which is a rate(1) of 12.3 per cent. This was the second lowest rate out of the twelve UK countries and regions (ahead of Northern Ireland). The UK birth rate was 14.6 per cent.
  • There were 10,335 enterprise deaths in Wales during 2016, which is a rate1 of 10.5 per cent. This was the fourth lowest rate amongst the twelve UK countries and regions (with London the highest at 14.0 per cent). The UK death rate was 11.6 per cent.
  • The total number of enterprises active in Wales during 2016 was 98,445. This includes only those enterprises which are headquartered in Wales.
  • The 5 year survival rate for enterprises born in 2011 and still active in 2016 for Wales was 43.3 per cent, slightly below the UK survival rate of 44.1 per cent. The highest 5 year survival rate was in the South West (47.0 per cent), whilst the lowest was in London (41.7 per cent).
  • The 1 year survival rate for enterprises born in 2015 and still active in 2016 for Wales was 90.8 per cent, slightly above the UK survival rate of 89.7 per cent. The lowest survival rate was in London (86.4 per cent), whilst the highest was in the East Midlands (92.2 per cent).

Notes

(1) Rates calculated as percentage of stock.

As agreed with the Office for Statistics Regulation, these statistics will be updated at 12.30pm on the day of release by ONS. StatsWales tables will follow within 48 hours.

Contact

Statistician
Tel: 0300 025 6960
Email: economic.stats@gov.wales

Media
Tel: 0300 025 8099

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