Slovakia Leads Growth

The Entrepreneurship Indicators Programme released last week a new study comparing the ratio of employer enterprises to all enterprises in 14 European countries and the United States. They found that employer growth in industry, construction, and services was much more even in the U.S. than in Europe, with only a 2.2% difference in 2004 as compared to the 7.1% difference in growth rate of the three sectors for the 14 European countries in 2005. Of the European countries, new employers employed 3.5% of all employees, but Slovakia, at 5.9%, had the highest growth in new employers.

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