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Latest NSO update on business landscape
12 May 2012
Wholesale and retail trade businesses accounted for 20.4 per cent of the total registered business units in 2011, according to this week's latest release by the National Statistic's Office. In 2011, the number of registered business units rose by 2.8 per cent to 64,933 from 63,139 in 2010.
The majority of the increase are micro businesses. By legal organisation, 64.3 per cent of all business units were ‘sole ownerships/partnerships'. These amounted to 41,739 registered units.
2011 has registered the lowest number of births and deaths of business units since 2006. In 2011 births amounted to 4,160 and deaths amounted to 1,594.
Size of businesses in 2011 were recorded as follows:
Micro Enterprises 0-9 employees: 62,979
Small Enterprises 10-49 employees: 1,512
Medium Enterprises 50-249 employees: 361
Large Enterprises 250+ employees: 81
The total business units amounted to 64,933. The majority are Micro Enterprises totaling 97.0 per cent of all business units.
