391,000 businesses ceased trading during 2011

During 2011, a total of 391,270 businesses ceased trading in Spain, while 334,516 new businesses started up, a negative balance of 56,754.

The number of active enterprises declined by 1.2% to a total of 3.2 million companies, the fourth consecutive annual decrease. Based on figures prepared by the INE (National Institute of Statistics), 80% of companies employ two or less people and 55.2% of companies do not have any employees. Only 4.7% of businesses employ 20 or more people.

The sector most affected by businesses closing down is construction and related.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: