Microenterprises the Largest Employment Generators

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Small and medium-sized companies have been the support of the Spanish economy for a long period, mainly because they constitute  of the business fabric. The European Union defines a company as an SME if it has fewer than  employees and a turnover of less than €50 million, or if its annual balance sheet does not exceed  million. Within this categorization, SMEs are subdivided into microenterprises (less than  employees), small companies (less than 50 employees) and medium-sized companies (less than  employees). Recently, in Spain the trend of the "middle-market" or Intermediate-Sized Companies.

Has emerged, which encompasses those companies with turnover between and  million euros, situated between SMEs and large companies. Before the pandemic, SMEs represented  of companies in Spain, with microenterprises being of private sector companies in January . Although there are currently around SMEs in Spain, they Phone Number Data constitute almost all of the business landscape, with just. reserved for large companies. By sectors, the services sector continues to be predominant, covering f all companies. The construction sector follows at a distance with , the agricultural sector with 9% and the industrial sector with.



Although it may present difficulties, exporting is considered a powerful lever to generate sales, build new relationships and diversify, making them more resilient. In addition, the opportunity of the "circular economy" is addressed, a model that involves sharing, reusing, repairing, renewing or recycling materials and products to create added value. According to a report by the Spanish Chamber of Commerce and MAPFRE, the circular economy could generate up to  jobs in Spain before. of Spanish SMEs are committed to this area, which is crucial to reduce costs and environmental impact, according to the circular economy PERTE approved in March.