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A CSO Frontier Series Output- What is this?
Business survival rate was 84%
Of the 99,900 enterprises with two or more persons engaged in 2019, 83,800 or 84% were estimated to be still in business at the end of 2021. Of the 1.5 million persons engaged in enterprises in this population in 2019, 1.4 million (94.3%) were associated with an enterprise that survived. Among persons engaged pre-COVID-19, 2.2% were associated with an enterprise which appeared to be closed at the end of 2021, while 3.5% were associated with an enterprise at risk of closing. See Figures 1.1 & 1.2 and Table 1.1.
| For long labels below use to display on multiple lines | of enterprises |
|---|---|
| Appears Closed | 5.8 |
| At Risk of Closing | 10.4 |
| Still in Business | 83.9 |
| For long labels below use to display on multiple lines | of persons engaged |
|---|---|
| Appears Closed | 2.2 |
| At Risk of Closing | 3.5 |
| Still in Business | 94.3 |
| Table 1.1 Enterprises and persons engaged by survival status, 2020 - 2021 | ||||
| Category | No. of enterprises | % of enterprises | No. of persons engaged | % of persons engaged |
| Appears Closed | 5,763 | 5.8% | 33,626 | 2.2% |
| At Risk of Closing | 10,356 | 10.4% | 52,532 | 3.5% |
| Still in Business | 83,819 | 83.9% | 1,418,478 | 94.3% |
| All | 99,938 | 100.0% | 1,504,636 | 100.0% |
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