Business Demography by Size Class – ITH3 (2008-2020)

Key Insights

Chart Type: Line Chart showing temporal trends

Colors Used: Primary color #18baa8 with complementary shades

Period Analyzed: 2008-2020

• The total number of active enterprises in ITH3 declined from 412,037 in 2008 to 390,445 in 2020, representing a 5.2% decrease over the period.
• Enterprises with 0 employees remained the largest category but declined from 275,846 to 256,533, a decrease of 7.0%.
• Micro enterprises (1-9 employees) showed resilience with a slight decline from 114,007 to 113,089, only a 0.8% decrease.
• Larger enterprises (10+ employees) experienced volatility, dropping from 22,184 in 2008 to 20,823 in 2020, a 6.1% decrease.
• The region shows signs of economic restructuring with a general decline in business activity, particularly affecting solo entrepreneurs.

Legend Description

• 0 employees: Enterprises with no employees (self-employed)
• 1-9 employees: Micro enterprises
• 10+ employees: Small, medium and large enterprises
• Total: All enterprises combined