The number of active businesses in Malta has increased by 8.6% in one year. This means that, in the space of just one year, 4,430 Maltese businesses have been created. This data was released by the National Statistics Office.
This brings the total number of active businesses in Malta to a whopping 60,000. The biggest increase of businesses has been in the storage and transport sectors, followed by technology, science and construction.
The majority of these businesses operate at a small scale with an average number of just nine employees. Last year there were 18,227 entities that employed people an increase of 8.5% from 2020.
Reportedly since last year 7 out of 10 companies have had only one owner. It was also reported that 82% of these new businesses were companies whilst 28% were non profit organisations.
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