Spain’s appeal for foreign investors lies not only in its domestic market, with 46.6 million potential consumers and a further injection from around 80 million tourists who flock to the country each year, but also in the possibility of operating in third-country markets using Spain as a base.
This is thanks to Spain’s privileged geostrategic position: it is a member of the European Union and serves as a gateway to the North of Africa and Latin America, due the country’s strong economic, historic and cultural ties with the latter.
Spain is one of the leading global economic powerhouses, the 13th largest recipient of FDI worldwide (Source: UNCTAD "World Investment Report 2017”), testifying to the pivotal role played by foreign investment in the Spanish economy.
Furthermore, Spain is a modern knowledge-based economy with services accounting for 74.35 percent of economic activity (Source: Spanish National Institute of Statistics, 2017). The country has become a center of innovation supported by a young, highly-qualified work force and competitive costs.
Last updated: 05|09|2018