Table 3.
Average age of firms by size and country.
Age is calculated for each firm-year observation as the difference between the year of the data point and the year of incorporation. The 21 countries are listed in alphabetical order based on abbreviations used by the European Commission.
| Country | Micro | Small | Medium | Large |
|---|---|---|---|---|
| AT - Austria | 21.25 | 23.44 | 28.08 | 33.60 |
| BE - Belgium | 15.52 | 20.41 | 24.01 | 29.50 |
| CH - Switzerland | 50.02 | 47.63 | 52.25 | 47.04 |
| DE- Germany | 17.33 | 26.19 | 30.02 | 36.67 |
| DK - Denmark | 16.25 | 20.45 | 25.11 | 29.23 |
| ES - Spain | 13.85 | 17.12 | 19.90 | 23.08 |
| FI - Finland | 16.83 | 21.37 | 24.97 | 25.86 |
| FR - France | 14.18 | 21.07 | 24.60 | 28.06 |
| GB - Great Britain | 19.47 | 25.95 | 27.96 | 31.34 |
| GR - Greece | 8.87 | 9.39 | 11.31 | 14.76 |
| IE - Ireland | 17.45 | 25.53 | 26.63 | 19.99 |
| IS - Iceland | 13.05 | 19.08 | 18.87 | 21.32 |
| IT -Italy | 13.75 | 18.76 | 22.22 | 25.01 |
| LI - Liechtenstein | – | 12.00 | 10.50 | 38.38 |
| LT - Lithuania | 13.38 | 14.90 | 15.72 | 16.30 |
| LU - Luxembourg | 15.90 | 20.27 | 23.38 | 19.98 |
| MT - Malta | 18.12 | 21.46 | 22.49 | 20.82 |
| NL - Netherlands | 22.65 | 34.02 | 35.50 | 41.32 |
| NO - Norway | 12.91 | 14.72 | 14.94 | 15.41 |
| PT - Portugal | 16.16 | 21.56 | 25.31 | 26.68 |
| SE - Sweden | 18.05 | 24.22 | 32.21 | 36.36 |
| Average for all countries | 17.75 | 21.88 | 24.57 | 27.65 |