Definition: Enterprise closures

Business demography

Enterprises that are not active in a given period, but were active in the previous period. The number of enterprise deaths is derived from the population of enterprise closures by removing reactivations within two years and closures that do not meet the definition of enterprise deaths.
Source:
Eurostat and Organization for Economic Cooperation and Development (OECD), "Eurostat - OECD Manual on Business Demography Statistics (Edition 2007)", Methodologies and Working Papers, Office for Official Publications of the European Communities, Luxembourg, 2007
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