News from 2023-05-31 / KfW Research

KfW Entrepreneurship Monitor 2023

Entrepreneurial activity in Germany: between skills shortages and COVID blues

Entrepreneurial activity in Germany dropped to 550,000 newly started businesses in 2022. Of these, 222,000 were full-time businesses (40%) and 328,000 part-time businesses. However, nearly one in five part-time start-ups intend to scale their business to a full-time activity. The persistently strong labour market development contributed significantly to driving the decline. Looking to the future, the shortage of skilled workers will remain a major challenge for entrepreneurial activity. The number of female entrepreneurs in particular has fallen, while the number of male entrepreneurs has hardly changed.

KfW Entrepreneurship Monitor 2023

Press release

Contact

KfW Research

KfW Group

Palmengartenstrasse 5-9

60325 Frankfurt

Germany