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Spain is the sixth country in the world and the second in Europe
in percentage of population studying higher education (2023 GTCI Report, INSEAD).
Population with higher education 2021 (%)
Source: OECD. January 2023
Spain ranks
third in the EU in number of scientists and engineers,
according to Eurostat.
Spain is 11th worldwide in producing scientific publications,
according to Scimago Journal & Country Rank
Companies can find specialized talent
to cover their ICT vacancies more easily in Spain than in neighboring countries
Companies with difficulties in filling ICT vacancies in Europe
Source:
Eurostat, OCDE.
High level
training
Spain has a great deal of highly skilled human capital with a competitive advantage, thanks to the quality of education.
Spanish universities produce professionals with skills and competences that are highly valued internationally.
In Spain, the university system is made up of 85 universities (50 public and 35 private), as well as 322 research institutes and 78 science and technology parks.
Geographical distribution of
Spanish Universities
Academic year 2022-2023
Prestigious
business schools
Six Spanish business schools (IESE Business School, IE, Esade, ESIC, EADA and EAE) rank among the European’s top 20 business schools.
Furthermore, the MBAs from 3 Spanish business schools are among the top 10 best European MBA programmes according to the 2024 Global MBA Ranking.
Source:
(Bloomberg Report 2023-24)
Global MBA Ranking 2024 | European Business School
| Ranking | Business School | Country |
|---|---|---|
| 1 | Insead | France / Singapur |
| 2 | SDA Bocconi School of Management | Italy |
| 3 | Iese Business School | Spain |
| 4 | London Business School | UK |
| 5 | HEC Paris | France |
| 6 | Esade Business School | Spain |
| 7 | IE Business School | Spain |
| 8 | ESCP Business School | France |
| 9 | University of Oxford: Saïd | UK |
| 10 | University of Cambridge: Judge | UK |
| ... | ... | .... |
| 30 | Eada Business School Barcelona | Spain |
Source:
Financial Times
Competitive
job market
Spain’s regulatory framework is modern, flexible and transparent and is based on the standards and best practices of the OECD.
Foreign companies based in Spain provide direct employment for 1.7 million workers, according to the Foreign Investment Registry (Last data availble, 2020).
Salary costs are also more competitive than in other major European economies.
Labour cost per hour worked, 2023 (€/hour)
Source:
Destatis 2024 (Federal Statistical Office Germany)
Productivity in Spain has been on an upward trend for the last ten years and continues to grow faster than in other European countries.
Labour market reform: more flexibility, productivity, employment and skills.
Unit Labour Cost| Index 1999=100.GRAFICO. TESORO
Real Productivity | Index 1999=100
This is a great time for Entrepreneurship in Spain. Supported by national and regional policies and incentives, this surge in new entrepreneurial initiatives promotes various forms of work-related alliances.
Source:
Mapa del Emprendimiento 2022. South Summit
Spain
is open
to foreign talent
Spain is an open and inclusive society. More than 6 million foreigners live in the Spanish territory (13% of the population) and are well integrated into the society. Spain is particularly attractive to Spanish-speaking talent.
Spain is the preferred destination of university students in the Erasmus exchange program according to the European Commission: mainly for the language, the quality of its universities and its open and inclusive culture towards foreigners.
Quality of Life
In Spain there are specific formulas designed to facilitate worker, investor and entrepreneur relocations.
Spain has excellent diplomatic relations with nations world-wide. The Spanish passport is the third most highly valued by the countries (190) to which it offers visa-free entry (Visa Restriction lndex, 2023).