*North Europe: Austria, Belgium, Bulgaria, Czechia, Denmark, Estonia, Finland, France, Germany, Hungary, Latvia, Lithuania, Luxembourg, Netherlands, Poland, Romania, Slovakia, Sweden and UK.
**South Europe: Croatia, Cyprus, Greece, Ireland, Italy, Malta, Portugal, Slovenia and Spain.
***The UEAPME SME Business Climate Index is calculated as the sum of positive and neutral answers with regards to the overall situation for the business, averaged over the current situation and the expectations for the next period.
Citation formats
Business climate index for SMEs in the European Union H2 2010 - H1 2018, by location
This statistic illustrates the business climate index for SMEs in the European Union from the *** half of 2010 to the first half of 2018, divided by location. Throughout this period the business confidence for SMEs in Northern Europe has been higher than that of Southern Europe, although the gap narrowed between 2011 and 2018.
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European Investment Fund. (July 2, 2018). Business climate index for small to medium enterprises in the European Union from 2nd half 2010 to 1st half 2018, by location [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 30, 2026, from /statistics/611829/sme-business-climate-index-by-location-europe-eu/
European Investment Fund. "Business climate index for small to medium enterprises in the European Union from 2nd half 2010 to 1st half 2018, by location." Chart. July 2, 2018. ÌÇÐÄÆƽâ°æ. Accessed July 30, 2026. /statistics/611829/sme-business-climate-index-by-location-europe-eu/
European Investment Fund. (2018). Business climate index for small to medium enterprises in the European Union from 2nd half 2010 to 1st half 2018, by location. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 30, 2026. /statistics/611829/sme-business-climate-index-by-location-europe-eu/
European Investment Fund. "Business Climate Index for Small to Medium Enterprises in The European Union from 2nd Half 2010 to 1st Half 2018, by Location." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 2 Jul 2018, /statistics/611829/sme-business-climate-index-by-location-europe-eu/
European Investment Fund, Business climate index for small to medium enterprises in the European Union from 2nd half 2010 to 1st half 2018, by location ÌÇÐÄÆƽâ°æ, /statistics/611829/sme-business-climate-index-by-location-europe-eu/ (last visited July 30, 2026)
Business climate index for small to medium enterprises in the European Union from 2nd half 2010 to 1st half 2018, by location [Graph], European Investment Fund, July 2, 2018. [Online]. Available: /statistics/611829/sme-business-climate-index-by-location-europe-eu/
