Skip to content
Data Provider: Welsh Government National Statistics Business Survival Rates in Wales by survival year and birth year
None
[Collapse]Area[Filtered]
-
[Collapse]Area 1[Filtered]
-
[Collapse]Area 2[Filtered]
-
Area 3[Filter]
Measure2
Birth Year[Filter]
VariableLevel/Rate [Filter]
Survival Year[Filtered]
Click here to sort2002Click here to sort2003Click here to sort2004Click here to sort2005Click here to sort2006Click here to sort2007Click here to sort2008Click here to sort2009Click here to sort2010Click here to sort2011Click here to sort2012Click here to sort2013Click here to sort2014Click here to sort2015Click here to sort2016Click here to sort2017Click here to sort2018Click here to sort2019
[Collapse]Number1 year survival8,19510,15010,85010,4559,4209,3758,6857,6656,5107,7457,63010,60010,48510,47011,12511,49511,065(p) The data item is provisional.11,130
2 year survival6,9708,6059,1508,6657,8557,9257,0506,1555,4156,2056,2058,4658,5308,1908,5859,2008,250~The data item is not yet available
3 year survival5,5907,1107,7307,0006,3706,1355,5304,8954,2354,9404,9956,8606,8106,4456,6106,835~The data item is not yet available~The data item is not yet available
4 year survival4,6306,1006,4555,8305,1255,0204,6603,9903,5604,1354,2455,7305,4855,4105,520~The data item is not yet available~The data item is not yet available~The data item is not yet available
5 year survival4,0205,1805,4604,8254,3204,3203,9203,4003,0553,5603,6354,7604,7654,655~The data item is not yet available~The data item is not yet available~The data item is not yet available~The data item is not yet available
[Collapse]Per cent1 year survival91.491.994.196.196.594.694.292.186.794.292.393.692.490.891.890.589.3(p) The data item is provisional.90.7
2 year survival77.777.979.479.780.580.076.573.972.275.475.074.875.271.170.972.466.6~The data item is not yet available
3 year survival62.364.467.164.465.361.960.058.856.460.160.460.660.055.954.653.8~The data item is not yet available~The data item is not yet available
4 year survival51.655.256.053.652.550.750.547.947.450.351.350.648.346.945.6~The data item is not yet available~The data item is not yet available~The data item is not yet available
5 year survival44.846.947.444.444.343.642.540.840.743.344.042.042.040.4~The data item is not yet available~The data item is not yet available~The data item is not yet available~The data item is not yet available

Metadata

Title

Business survival rates

Last update

23 November 2021 23 November 2021

Next update

November 2022

Publishing organisation

Welsh Government

Source 1

Business Demography, Office for National Statistics

Contact email

economic.stats@gov.wales

Designation

National Statistics

Lowest level of geographical disaggregation

Local authorities

Geographical coverage

UK regions

Languages covered

English and Welsh

Data licensing

You may use and re-use this data free of charge in any format or medium, under the terms of the Open Government License - see http://www.nationalarchives.gov.uk/doc/open-government-licence

General description

This dataset details business survival rates by area.

Data collection and calculation

ONS use data from the IDBR to produce business demography statistics, using guidelines found in the Eurostat/OECD manual on Business Demography. The starting point for demography is the concept of a population of active businesses in a reference year. These are defined as businesses that had either turnover or employment at any time during the reference period. Births and deaths are then identified by comparing active populations for different years.

A birth is defined as a business that was present in year t, but did not exist in year t-1 or t-2. Births are identified by making a comparison of annual active population files and identifying those present in the latest one, but not the two previous ones.

A death is defined as a business that was on the active file in year t but no longer present on the active file for year t+1 or t+2. To produce more timely statistics, the UK business demography statistics contain a preliminary death indicator, which includes an adjustment for estimated reactivations. Reactivations occur where a business becomes dormant for a period of less than 2 years, then recommences activity in a manner which complies with a definition of continuity. If the definition of continuity is not met (e.g. if a business recommences activity but at a different location and with a different activity), this would be considered a death followed by a birth. Reactivations can also occur due to lags in the administrative data source (VAT/PAYE) so that a business that continues to trade can appear to die. The deaths data exclude losses to the population as a result of mergers, break-ups, split-offs or other re-structuring.
The ONS business demography statistics differ from the former Department for Business Enterprise and Regulatory Reform (BERR) statistics statistics in that they include PAYE-registered units. Therefore, the ONS statistics will additionally include the births and deaths of employing businesses which are not VAT-registered, providing a more comprehensive view of business start-up activity. The ONS data also has a higher number of active businesses than both the former BERR VAT-based series and the expanded UK Business: Activity Size and Location publication. This is because the business demography methodology takes into account businesses that were active at any time during the reference year, whereas the former BERR series calculates stock by adding registrations and substracting deregistrations from the previous year’s stock; the UK Business: Activity Size and Location publication is based on a snapshot taken from the IDBR at a point in time in March. Additionally, business demography includes a group of non-corporate PAYE businesses, which are excluded from the UK Business: Activity Size and Location due to a small risk of duplication.

Frequency of publication

Annual

Data reference periods

2002 to 2019

Keywords

Business Survival Rates

Statistical quality

See Weblinks