September 23, 2022
According to the World Bank’s collection of development indicators, which was produced from officially recognized sources, the number of new firms registered (number) in Germany was recorded at 72774 number in 2020. The World Bank provided the actual figures, historical information, projections, and forecasts for Germany’s newly registered firms as of September 2022.
In the most recent World Bank annual rankings for the ease of doing business, Germany is placed 22 out of 190 economies. Germany’s ranking increased from 24 in 2018 to 22 in 2019.
Around 2.6 million Small and Medium-Sized Enterprises (SMEs) were present in Germany in 2022. The vast majority of these businesses, which employed up to nine people, were micro-sized businesses. There were roughly 363,462 small businesses that employed between 10 and 49 people, and there were roughly 55,518 medium-sized businesses that employed between 50 and 249 workers.
Around 5.9 million of the 19.1 million persons employed by SMEs in Germany in 2018 worked for micro-sized businesses, 6.2 million for small businesses, and around 7 million for medium-sized businesses. SMEs employed 63.2 percent of the German workforce, which was a contribution to the non-financial sector of the German economy.
Source: Trading Economics and STATISTA
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