17 January 2024

Mercantile Companies Statistics (MC)

November 2023. Provisional data

Main results

  • The number of mercantile companies increased by 6.4% in November compared to the same month in 2022.
  • The number of companies dissolved fell by 17.1%.

In November, 9,272 mercantile companies were incorporated, 6.4% more than in the same month in 2022. The subscribed capital for their incorporation fell by 32.6% for the year and the average subscribed capital (€61,674) fell by 36.6%.

On the other hand, 2,287 companies increased their capital, 5.1% fewer than in November 2022. The subscribed capital in the increases rose by 108.2%.

The number of dissolved mercantile companies fell by 17.1% in the annual rate. 82.8% of them did so voluntarily.

Mercantile companies created, increasing their capital and dissolved. November 2023

Results by main economic activity

Of the mercantile companies incorporated in November, 20.1% were engaged in Trade and 17.4% were Property, financial and insurance companies. As for dissolved companies, 20.5% were engaged in Trade and 16.8% in Construction.

Mercantile companies created by main economic activity. November 2023


Mercantile companies dissolved by main economic activity. November 2023


The economic activity with the largest subscribed capital of mercantile companies incorporated was Real estate, financial and insurance, with €436.77 million. In turn, Information and communications companies had the lowest capital, with €3.34 million.

Capital subscribed of mercantile companies created by main economic activity. November 2023

Thousands of euros

Results by Autonomous Community

La Rioja (84.6%), Región de Murcia (33.0%) and Pais Vasco (16.1%) had the highest annual increases in the number of mercantile companies created.

In contrast, Cantabria (-15.4%), Comunidad Foral de Navarra (-10.4%) and Illes Balears (-4.4%) had the largest decreases.

Annual variation in mercantile companies created by Autonomous Community. November 2023


Revisions and data update

On the press release day, INE has updated PT data for the same month of the previous year. Results are available at INEbase.

Methodological note

The Mercantile Companies Statistics were created by Order of 30 April 1938. Their objective is to measure the demographics of companies, providing monthly information, at provincial and Autonomous Community level, on the companies incorporated, dissolved and those in which there have been changes in capital.

The source of information is the Central Mercantile Registry, which collects all provincial information on the registration of companies and entrepreneurs, as well as mercantile acts determined by law.

Type of survey:
continuous monthly survey.
Population scope:
set of companies registered in the Central Mercantile Register.
Geographical scope:
the entire national territory, by Autonomous Communities and provinces.
Reference period of the results:
the calendar month.
Reference period of the information:
the calendar month.
Collection method:
official records.

More information in the methodology and the standardised methodological report.

INE statistics are produced in accordance with the Code of Good Practice for European Statistics. More information in Quality at the INE and Code of Best Practices.

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