The report by the National Institute of Statistics (INE) on foreign subsidiaries in Spain in 2014 registers a total of 10,932 companies distributed throughout the sectors of non-financial services (38.1%), commerce (33.6%) and industry (28.3%).
According to the INE, these companies generated a business volume of 464.304 billion euros and employed 1,273,409 people. The industrial sector accounted for 49.4% of that figure and employed 32.9% of the workers; commerce represented 34.2% and generated 26.7% of the jobs, while the service sector was responsible for 16.4% and gave employment to 40.5% of the workforce.
The origin countries of the subsidiaries with the highest turnover in 2014 were France (18.4% of the total business figure), United States (13.6%) and Germany (13.2%). By number of companies, 18.5% had German capital, 13.3% were French and 10.8% American. The top ten countries in the ranking accounted for 80.2% of the total number of subsidiaries and 87.3% of the turnover. By geographic area, 61.1% of the subsidiaries had their parent company within the European Union and generated 55.3% of the total business figure.
By branch of activity, the greatest number of subsidiaries were concentrated in a wholesale commerce (24.3%) and professional, scientific and technical activities (12%). However, the highest business figure was in the category of extractive industries, energy, water and waste (14%), followed by transport material (12.7%) The sectors that had the highest numbers of employees were administrative activities and auxiliary services (16.7%), transport material (9.7%) and the retail food, fuel and IT equipment sector (7.9%).
In total, the subsidiaries of foreign companies in Spain in 2014 represented 0.6% the total companies operating in the sectors of industry, commerce and other non-financial market services; they generated 28.7% of the business volume and 13.3% of the employment.
Subsidiaries accounted for only 1.6% of the companies in the industrial sector, but represented 41.1% of the turnover and 21.7% of the jobs. Elsewhere, 0.5% of the companies in the commercial sector were foreign subsidiaries, and they generated 24.3% of the business and 11.9% of the employment. In the service sector, subsidiaries accounted for 0.4% of the total, but 19.5% of the turnover and 10.7% of the employment.
85.2% of the business volume in Spain in the branch of transport material was generated by subsidiaries of foreign companies in 2014. Also important were subsidiaries in the branches of chemical and pharmaceutical industry (54.4%), electrical, electronic and optical material and equipment (51.3%) and the rubber and plastic material industry (47.4%).
In the category of exports, subsidiaries accounted for 42.3% of the sales outside Spain. By sector, subsidiaries generated 55.4% of the exports in industry, 26.2% in services and 25% commerce.
Once again, transport material was the predominant branch, with subsidiaries accounting for 89.5% of foreign sales, followed by the chemical and pharmaceutical industry (60.6%), and electrical, electronic and optical material and equipment (57.2%).
Last updated: 25|10|2016