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.
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