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Spain is the sixth country in the world and the third in Europe
in percentage of population with a higher education (2020 GTCI Report, INSEAD)
Population with higher education 2019 (%)
Source: OCDE: November 2020
Spain ranks fourth in the EU in number of scientists and engineers, according to the latest Institute of Economic Studies (IEE) report.
Spain is 12th 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, 2016
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.
The University of Navarre ranks third in Europe after Oxford and Cambridge. The Autonomous Universities of Barcelona and Madrid are also among the top 20 in the EU, according to the Europe Teaching Ranking 2019.
Geographical distribution of
Spanish Universities
Academic year 2017-2018
Prestigious
business schools
Four Spanish business schools (IESE Business School, Esade, IE Business School and ESIC Business & Marketing School) rank among the world’s top 20 business schools.
Source:
(Bloomberg Report 2020).
Global MBA Rank 2019 | European Business School
| Ranking 2020 | School Name | Country |
|---|---|---|
| 1 | Insead | France / Singapur |
| 2 | London Business School | United Kingdom |
| 3 | HEC | France |
| 4 | IESE Business School | Spain |
| 5 | University of Cambridge: Judge | United Kingdom |
| 6 | University of Oxford: Saïd | United Kingdom |
| 7 | Esade Business School | Spain |
| 8 | IMD | Switzerland |
| 9 | SDA Bocconi | Italy |
| 10 | Warwick Business School | United Kingdom |
Source:
Financial Times 2019
Furthermore, the MBAs from 3 Spanish business schools are among the top 15 worldwide according to the 2020 Global MBA Ranking.
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 1.4 million workers, ranking fifth in Europe in terms of volume (Eurostat, Foreign Affiliates Statistics).
Salary costs are also more competitive than in other major European economies.
Labor cost per hour worked, 2018 (€/hour)
Source:
Destatis 2019 (Federal Statistical Office in 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.
Labor market reform: more flexibility, productivity, employment and skills.
Unit Labor Cost | Index 1999=100
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.
Real labor productivity per employee
Index 2010=100
Source:
Eurostat. April, 2019.
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 (165) to which it offers visa-free entry (Arton Capital Passport Index).