in the south, business mortality drops in 2023

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2023 ends for the South (Campania, Puglia, Basilicata, Calabria, Sicily, Sardinia) with an expansion of its entrepreneurial system, with an annual growth of 0.78%. Positive data, especially when compared with the growth rate of Italian companies (+0.70%), the North-West (+0.11%), the North-East (+0.55%), but lower than the rate growth in Lombardy (+1.12%).

The area is characterized by modest entrepreneurial liveliness, in fact the business birth rate, equal to 4.70 businesses born for every 100 existing at the beginning of 2023, is lower when compared with the values ​​at national level (5.18), of the North-East (5.26), of the North-West (5.26) and of Lombardy (5.98). On the other hand, it is the low mortality rate that explains the growth of businesses in the period, equal to 3.92 closed businesses per 100 at the beginning of 2023, well below the national value (4.49), of the North-East (4.71), the North-West (5.15) and Lombardy (4.86).

The regions driving growth are certainly Campania which recorded a growth rate of 1.04%, Sardinia (+0.91%), Puglia (+0.82%) and Sicily (+0.52 %). In particular, Campania and Puglia are characterized by an entrepreneurial liveliness greater than the area average with birth rates equal to 5.02 (businesses born for every 100 existing at the beginning of 2023) and 4.95 respectively. The southern entrepreneurial system is characterized by an incidence of joint-stock companies equal to 28.2%, a value lower than the Italian average (31.2%) and Lombardy (39.6%), but higher than the North-East and North -West (27.6% and 21.7% respectively). From the data it emerges that Campania is the region with a more structured system, with a share of joint-stock companies equal to 33.9%.

The South also has an incidence of youth businesses on the total number of businesses of 9.8%, higher than the Italian average (8.4%) and the other macro-areas (North-East 7.6%, North-West 8.5 %, Lombardy 7.9%). Campania and Calabria are the only regions where the share of youth businesses exceeds 10% with values ​​of 10.7% and 10.3% respectively. However, Southern Italy remains the macro-area with the greatest propensity for youth entrepreneurship (Youth businesses registered among the resident population aged 18-34 as of 31 December 2023) with a value of 5.44 per 100 residents. As in all other areas of Italy, between 2011 and 2023, there was a decrease in the propensity for youth entrepreneurship: it went from 6.38 businesses per 100 residents to 5.44. The reduction is however lower than the national values ​​(from 6.11 to 4.88).

The decline is due to several reasons. First of all, between 2011 and 2023, youth businesses decreased by -29.4%, a drop slightly higher than the Italian average of -27.7%.



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