{"id":210921,"date":"2025-10-13T19:32:22","date_gmt":"2025-10-13T19:32:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/210921\/"},"modified":"2025-10-13T19:32:22","modified_gmt":"2025-10-13T19:32:22","slug":"eu-businesses-e10-5-trillion-in-value-added-in-2023-news-articles","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/210921\/","title":{"rendered":"EU businesses: \u20ac10.5 trillion in value added in 2023 – News articles"},"content":{"rendered":"

In 2023, there were around 33.1 million enterprises <\/a>in the EU<\/a>, employing 162.2 million people. Those enterprises generated a net turnover<\/a> of over \u20ac38.5 trillion, leading to \u20ac10.5 trillion in value added<\/a>. \u00a0<\/p>\n

Large enterprises (with more than 249 people employed) represented only 0.2% of the total number of enterprises in the EU\u2019s business economy. However, they employed more than a third of the labour force (37%) and generated around half (49%) of the total value added.\u00a0<\/p>\n

Medium-sized enterprises (50-249 people employed) constituted a small share of the total number of enterprises (0.8%), employed 15% of the people and generated 16% of the value added.\u00a0<\/p>\n

The majority, 99%, of the enterprises were micro and small enterprises (0-49 people employed). Together, these enterprises employed almost half of all people employed in the EU\u2019s business economy (48%) and generated 35% of its total value added. \u00a0<\/p>\n

This information comes from final data on\u202fstructural business statistics<\/a>\u202f(SBS) for 2023, published by Eurostat today. \u00a0<\/p>\n

\"EU<\/a><\/p>\n

Source dataset: sbs_sc_ovw<\/a><\/p>\n

Services: highest share in employment and in value added<\/p>\n

The services sector generated almost half (49%) of the total value added of the EU\u2019s business economy in 2023, the highest share among the 4 main sectors (industry, trade, services and construction). With 63% of the total number of enterprises, it employed more than half of the business labour force (52%).<\/p>\n

The industry sector accounted for 29% of the value added, with only 7% of the total number of enterprises, and around one-fifth of the total employment (21%).<\/p>\n

Trade represented 15% of the value added but accounted for 18% of the enterprises and employed 18% of the people.\u00a0<\/p>\n

Construction enterprises represented 12% of the total number of enterprises but produced only 7% of the total value added. This sector represented 9% of the EU\u2019s business economy employment.\u00a0
\u00a0<\/p>\n

\"Enterprises,<\/a><\/p>\n

Source dataset: sbs_sc_ovw<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"In 2023, there were around 33.1 million enterprises in the EU, employing 162.2 million people. Those enterprises generated…\n","protected":false},"author":2,"featured_media":210922,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,4073,164,1695,48310,17908],"class_list":{"0":"post-210921","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-data-driven-news","12":"tag-economy","13":"tag-industry","14":"tag-sbs","15":"tag-trade-and-services"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/210921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=210921"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/210921\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/210922"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=210921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=210921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=210921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}