In Group H, the rate of “fast-growing according to employment” enterprises is 0.38%.

In the 2014-2019 period, the annual average of “Fast Growing Enterprises by Employment” is 2.34% in Group H.

“Fast Growing Initiatives by Employment” in Group H decreased 2.13% in 2019 compared to 2014.

Startups in Group H prefer to grow “by revenue”. While the number of “Growth by Revenue” increases in Group H, “Growth by Employment” remains at a certain level with a slight decrease.

Fast Growing Number of Startups by Employment

  2014 2015 2016 2017 2018 2019 2014-2019 Change 2014-2019 Average
Turkey Total Venture 2.888.180 2.941.233 2.981.381 3.100.412 3.160.371 3.228.421 11,78%  
Turkey - According to Employment 31.470 30.106 27.026 26.840 25.528 23.013 -26,87%  
Turkey - According to the Employment / Turkey Total Venture 1,090% 1,024% 0,906% 0,866% 0,808% 0,713%   5,406%
Group H Total Initiative 440.063 443.521 438.453 456.804 459.000 463.708 5,37%  
Group H - By Employment 1.781 1.819 1.786 1.715 1.691 1.743 -2,13%  
Group H - By Employment / Group H Total Venture 0,405% 0,410% 0,407% 0,375% 0,368% 0,376%   2,342%
Group H - By Employment / Turkey - by Employment 5,66% 6,04% 6,61% 6,39% 6,62% 7,57%    

For other data that may be related to this statistic, you can refer to the pages “Percentage of Fastest Growing Initiative by Revenue

Source:

TUIK Entrepreneurship and Business Demography-2017-2019, Distribution of fast-growing enterprises by sectors, 2014-2019

  •  Fast-growing enterprise: Startups that grow an average of 10% annually over a 3-year period are considered fast-growing enterprises It can be calculated on growth, revenue or employment. Fast-growing enterprises are those with an employment above the 10 threshold for paid employees.
  •  Turkey employment share in 2019 of growing enterprises, according to employment in general is 15.6% and revenue share is 15.2%; share of employment for the growing initiative by employment in 2014 is 20.3% and revenue share is 20.1%. In addition, the share of employment in 2019 of growing enterprises, according to the revenue in Turkey, is 18.7% and revenue share is 27.6%; share of employment for growing enterprises by revenue in 2014 is 21,1% and revenue share is 26.6%. Fast-growing companies seem to prefer revenue-based growth over employment contribution.
  •  Group H: Transport and Storage

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