European SMEs continue to create jobs despite high inflation rates: SME Performance Review

The 2023/2024 annual report on European SMEs, out this week, evaluates their economic performance in 2022 and 2023, and forecasts their outlook for 2024 focusing mainly on three key variables: value added expressed in both current and constant prices, employment and number of firms. The report shows that there were 62 SMEs per 1,000 inhabitants in Ireland in 2023, above the EU average of 57. It also shows that Irish SMEs had the highest value added per person employed in 2023 at €119,500, over double the EU average of €54,500.

You can download the full report  here.