The StatsWales tables for business births, deaths and active enterprises by industry has been updated to include the latest data (2018).
3,055 Welsh businesses were born and 1,900 business died within the retail industry in 2018, more than any other industry.
The construction industry continued to have the most active enterprises in Wales with 15,075 in 2018.
The total number of enterprises active in Wales during 2018 was 105,360.
There were 14,045 enterprise births in Wales during 2018, which is a rate(1) of 13.3%. This was the third highest rate out of the twelve UK countries and regions. The UK birth rate was 12.9%.
There were 10,950 enterprise deaths in Wales during 2018, which is a rate1 of 10.4%. This was the fourth lowest rate amongst the twelve UK countries and regions. The UK death rate was 11.4%.
The 5 year survival rate for enterprises born in 2013 and still active in 2018 for Wales was 42.1%, slightly below the UK survival rate of 42.4%. The highest 5 year survival rate was in the South West (45.6%), whilst the lowest was in London (39.3%).
The 1 year survival rate for enterprises born in 2017 and still active in 2018 for Wales was 90.0%, slightly above the UK survival rate of 89.0%. The highest survival rate was in the East Midlands (90.8%), and the lowest was in London (87.2%).
(1) Rates calculated as percentage of stock.
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