Business: Closures
(asked on 26th October 2022) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, how many business deaths there were in (a) the UK and (b) each of the G7 countries excluding the UK in the last quarter.
In Q3 2022, there were 95,315 business closures in the UK.
Source – Business demography, quarterly experimental statistics (ONS)
The table below provides the latest figures on the number of business exits for each of the G7 countries, where available:
Country | Business exit | Time period |
Canada | 118,736 | Q3 2021 |
France | Data not available | |
Germany | 155,233 | Q1 2022 |
Italy | 66,814 | Q2 2022 |
Japan | Data not available | |
United States | 390,000 | Q2 2021 |
Source - Timely Indicators of Entrepreneurship by Enterprise Characteristics - Number of enterprise exits (OECD)