What are microbusinesses?
Within Europe, microbusinesses are defined as businesses with less than 10 employees and an annual turnover of less than two million Euros.
In 2013/14, microbusinesses accounted for 92.4% of all businesses in the European Union 28 member states (EU28) non-financial business sector, with most not employing any staff.
However microbusiness activity is frequently captured in official data sources in relation to a range of definitions. The most commonly used relate not just to the number of employees but also a range of other dimensions beyond the size of the business, including what constitutes a business, self-employment, and the adopted legal form.
For an overview of key definitions see Core UK statistical definitions.
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