Entrepreneurial activity in Spain has grown for four consecutive years, even as entrepreneurial intention remains stagnant, according to the latest Global Entrepreneurship Monitor (GEM) Spain National Report. In 2024, the percentage of people intending to start a business remained at 11.2%, the same as the previous year. Meanwhile, the share of those leading early-stage businesses (less than 3.5 years old) increased slightly from 6.8% in 2023 to 7.2% in 2024. The proportion of those running established businesses (more than 3.5 years old) also rose from 6.7% to 6.8%. On the other hand, the rate of entrepreneurs exiting their ventures - either through closure or transfer - rose from 3.2% to 3.5%. However, one-third of these ventures did not shut down but continued under new ownership.