Birth rate of employer enterprises at 13.9%

ANKARA (AA): Turkey saw a 13.9-percent birth rate of employer enterprises for the year 2017, the country’s statistical authority reported Tuesday.

“The highest birth rate in employer enterprises was in ‘Wholesale and retail trade, repair of motor vehicles and motorcycles’ sector as 31.6 percent for 2017,” TurkStat said.

The institute said this sector was followed by manufacturing with 13.5 percent and construction with 11.0 percent, respectively.

TurkStat’s entrepreneurship report covers the period between 2015 and 2017. The institute defines employer enterprise as an active enterprise with at least one employee.

Among all employer enterprises, proportion of that founded before 1990 was 4 percent, as share of those established between 2011 and 2017 were 51.8 percent.

TurkStat said one year survival rate of employer enterprises — newly born in 2016 — was 82 percent in 2017.

“According to their legal status, employer enterprises newly born in 2016 and having survived to 2017, sole proprietorships had the highest rate with 70.7 percent.

Official figures revealed that the rate of sole proprietorships owned by women was 18.9 percent in 2017.

“The rate of sole proprietorship enterprises owned by women had an upward movement over the years.

“In terms of size classes, the rate of sole proprietorships owned by women was the highest at one-four number of employee,” it added.