The number of registered businesses increased by more than eight per cent in 2018 when compared to the previous year, according to national data.

There were a total of 113,256 businesses last year – up from 77,006 in 2013 and 104,798 in 2017.

The National Statistics Office referred to data from the business register, which it said provided one of the most detailed local business profiles in Malta.

According to the data, wholesale and retail trade businesses accounted for 17% of the total registered units in 2018.

Meanwhile, registered units in financial and insurance activities, professional, scientific and technical activities; and administrative and support service activities amounted to 15.6, 12.4 and 8.2% respectively.

In terms of employment, the largest increase was recorded among small entities that employ between 10 and 49 people.

Independent journalism costs money. Support Times of Malta for the price of a coffee.

Support Us