Approximately 23 new business units were registered every day in Malta in 2018, according to new figures released by the National Statistics Office (NSO).
In 2018, registered business units amounted to 113,256, an increase of 8.1 per cent, or 8,458 registered units, over 2017.
Registered units in wholesale and retail trade; repair of motor vehicles and motorcycles, financial and insurance activities, professional, scientific and technical activities and administrative and support service activities amounted to 17, 15.6, 12.4 and 8.2 per cent respectively of the total registered units in 2018.
In terms of employment, the largest increase in the number of registered units was recorded amongst small entities (those registered units which employ between 10 and 49 persons).
The number of registered business units in this size class (those registered units which employ between 50 and 249 persons) increased by 10.8 per cent. The lowest increase was registered in the medium size class with only 2.4 per cent.
The Business Register (BR) provides one of the most detailed local business profiles in Malta. It is classified by economic activity according to the NACE classification of economic activities in the European Union.