BIWI index Europe Bisnode Index of Women Influence The Bisnode Index of Women Influence – BIWI – is a unique index used to compare various countries according to the influence women have on their economies. The influence of women is measured according to four parameters: share in the number of companies, share in the number of employees, share in revenues and share in net profits. The share of the number of women-owned companies compared to the total number of companies is the base for calculating the BIWI. This base is then multiplied by the volume of business of women-owned companies, which is measured by the number of employees, revenues and earned net profits.
BIWI index Europe Average 100
0
200
92,8
Croatia
97,0
Belgium
135,6
Sweden 93,7
Czech
133,3
Hungary Austria
*based on no. of companies
Poland
*based on no. of companies and revenues
108,7 107,0
Norway Slovenia
99,5 85,6
Serbia
Ten Bisnode countries were included in this analysis. The average influence of women on the level of all ten analysed countries represented the base BIWI, with a value of 100. The countries with a BIWI over 100 are characterised by a greater influence of women on the domestic economy in comparison to the total average of all ten countries, while countries with an index under 100 are characterised by a lower influence of women on the domestic economy.
101,1
Women in Sweden have the greatest influence on the domestic economy, according to the BIWI. They are followed by Hungarian women entrepreneurs, while Serbia also has an above-average BIWI. Austria and Poland also have BIWIs above 100, but calculated using a reduced dataset. The Austrian BIWI is only based on the number of companies, while the Polish BIWI is based on the number of companies and revenues. Slovenia has the lowest BIWI.
Ranks The ranks used to measure the shares of women entrepreneurs in the total economy according to specific parameters indicate that Hungarian women entrepreneurs have the largest shares according to the number of companies, employees and earned revenues. Women-owned companies in Sweden have the largest share in earned net profits. Slovenia has the smallest share of companies controlled by women entrepreneurs.
RANKS Countries
No of companies share
No of employees share
Revenues share
Net profit share
Hungary
1
1
1
1
Poland
2
2
2
2
Belgium
3
3
3
3
Austria
4
4
4
4
Czech
5
5
5
5
Croatia
6
6
6
6
Serbia
7
7
7
7
Sweden
8
8
8
8
Norway
9
Slovenia
10
9
Ratios
No of employees share/ No of companies share
Sweden
Norway
Hungary
Slovenia
Croatia
Serbia
Czech
Belgium
1,21
1,21
0,90
0,88
0,83
0,75
0,68
0,56
Poland
Austria
According to the ratio of the share of the number of employees in women-owned companies to the share of the number of companies controlled by women, women-owned companies in Sweden and Norway on average employ more than men-owned companies. In both countries employment in women-owned companies is 21% above the level of the economy. In other countries the ratio is below 1, suggesting that women-owned companies employ fewer people than men-owned ones. The lowest ratio is found in Belgium.
Revenues share/ No of companies share
1,26
0,80
0,57
0,75
0,74
0,77
0,50
0,35
0,34
The ratio of the share of women-owned companies in earned revenues to the share of the number of companies controlled by women indicates that Swedish women entrepreneurs earn on average 26% more revenues compared to the economy’s average. In other countries, women-owned companies on average earn significantly lower revenues than men-owned companies, with the biggest difference found in Poland where the revenues earned by women-owned companies are below the average of the country’s economy by almost two thirds.
Net profit share/ No of companies share
1,55
0,73
0,55
1,09
0,33
0,77
0,48
0,48
The ratio of the share of women-owned companies in earned net profits to the share of the number of companies controlled by women indicates that Swedish and Slovenian women entrepreneurs earn higher net profits than their male colleagues. The net profits of womenowned companies are on average higher by 55% than the Swedish economy’s average, while in Slovenia women-owned companies are 9% more profitable than the Slovenian economy’s average. Croatian women entrepreneurs have the worst ratio, indicating that the profitability of women-owned companies is lower than the economy’s average by two thirds.
Author:
Branimir KovaÄ?ić, Bisnode Analytics
Bisnode AB is Europe’s largest provider of business and credit rating information, based in Stockholm. Bisnode AB has been present on the European information market since 1989, gathering more than 2,500 experts from 17 European countries. Bisnode is the biggest Dun & Bradstreet partner and enables information about more than 250,000,000 businesses from 220 countries worldwide.