On May 5, Eurostat published the first set of results of the project on micro high-growth enterprises as experimental statistics.

High-growth enterprises (HGEs) have a prominent role in creating employment and economic growth. Micro high-growth enterprises, employing less than 10 employees before starting their rapid growth, are among the most dynamic enterprises in our economies.

Young enterprises are defined as enterprises that are 5 years old or younger. The share of young micro HGEs is roughly in the range of 25-35% of all micro HGEs. In comparison, among the micro enterprises in general the share of young enterprises is only about 15-20%.

Looking at different sectors, young micro high-growth enterprises are most commonly found in the Information and communication sector, Accommodation and food services, and in Administrative and support services. In these three sectors more than 30% of the high-growth micro enterprises were 5 years old or younger.

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