Spain: SME current challenges 2018

This statistic shows the most important challenges the small and medium enterprise (SME) face in Spain from February 2016 to February 2017. From the responding SMEs in February 2017, 87 percent stated that their most important challenge was attracting new customers and 28 percent the uncertainty over the economic conditions to be a challenge.

Most important challenges the SME faces in Spain as of April 2018*

Share of responding businesses
Attracting customers 75%
Increasing revenue 61%
Maintaining profitability 45%
Retaining/recruiting skilled employees 30%
Tax laws and rules 21%
Uncertainty over economic conditions 19%
Other government regulations (e.g., compliance, technical regulation, patents, reporting) 19%
Developing new products/innovation 15%
Securing financing for expansion 15%
Securing financing for business as usual 15%
Finding/working with suppliers 12%
Selling to foreign markets6%
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Sources

Release date

April 2018

Region

Spain

Survey time period

April 2018

Number of respondents

258 respondents

Method of interview

Online survey

Supplementary notes

* Source question: What are the most important challenges your business currently faces?

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