The line graph highlights the data on how many new shops opened and how many of them closed in a country over a seven-year period from 2011 and 2018.
Overall, there was an upward trend on both shop closures and openings while the number of shop closures exceeded newly-opened shops in the given period.
In terms of shop closures, while the number of shops closed started at approximately 6500 shops in 2011. However, after initial decline negligibly in 2012, the number of shop closures saw a considerable increase in 2013. The pattern for shop closures bottomed out, reaching its lowest level in the period with only about 5000 shops. However, it soared to just over 5000 shop before leveling off in the following three years between 2016 and 2018.
With respect to shop openings, the numbers were volatile with period of growth followed by declines. Nearly 9000 shops opened which it was its peak point in 2011. Conversely, the figure for shop openings plummeted at just under 400 in 2012, then it rose significantly just over 6000 in 2014. Moreover, the statistics for shop closures fell significantly to exactly 4000 in 2015, ultimately stabilizing at around 4000 in the subsequent 2 years until 2017. It, then declined to 3000 in 2018, reaching its lowest point.