Balearic Islands gain 3,103 firms despite 8,994 closures
Responsible for this content: Frank Menze
The Balearic Islands gain 3,103 businesses in 2024: 12,097 are created and 8,994 close. Spain’s National Statistics Institute published the figures on Friday, 13 November 2026. The islands’ new-business rate of 10.8% is the third highest in Spain, behind Melilla at 11.3% and the Valencian Community at 10.9%.
The rate of business closures in the Balearic Islands is 8%, leaving a net growth rate of 2.8%. Only the Valencian Community is higher, at 3%.
The figures put the number of businesses in the Balearic Islands at 112,342 in 2024, out of 3.55 million across Spain.
Topics: Economy
Source: Europa Press / Mallorca.com