(+34) 913 497 100 | Spain, an open and competitive economy Spain is the fourth economy of the EU Home Why invest in Spain? Economy Spain, a major European economy The Spanish economy has steadily surpassed that of its European counterparts over the last five years, in pre-pandemic circumstances. With a GDP of $1.2 billion, Spain is the 4th economy of the EU - save for that of the United Kingdom - and the 14th in the world. Spain is the 13th recipient of foreign investments in the world. More than 14,600 foreign firms have set up their business in Spain. 70 out of 100 top companies in Forbes Global 2000 operate in Spain. Spain is the right place for international expansion Access to a large market Large domestic market. The Spanish market comprises 46 million inhabitants and over 82 million visitors in 2019. European market. Unrestricted access to the European market with its more than 500 million consumers and world’s highest purchasing power. Access to LATAM (more than 600 million consumers) and MENA (500 million consumers). Africa, Middle Eastern and Latin America Market Total population (thousand people) Spain 46,443.96 European Union 511,497.41 Latin America 637,664.49 Middle Eastern and North African 436,720.72 Source: HSBC Expat Explorer survey. Spain is the gateway to the European Union, North African, Middle Eastern and Latin American markets International business platform The Spanish business sector is highly internationalized. Partnerships with local companies offer excellent opportunities to enter other markets. Spain is the 11th largest global exporter of commercial services, recorded at $115 billion. Exports of Goods and Services as a share of GDP Source: Eurostat 2019 (data, 2018) Foreign multinationals established in Spain are responsible for approximately 44.5% of Spain's total worldwide exports. Exports of goods and services by Geographical Destination Source: Secretary of State for Trade (data, 2019) Export of commercial services (excluding Tourim) by country of destination Source: Secretary of State for Trade (data, 2019) Attractive business climate The OECD FDI Regulatory Restrictiveness Index ranks Spain as the 10th country in the world with the least restrictive regulations for international investments. FDI Index Foreign investments in Spain do not require previous approval, as a general rule, with the exception of investments in activities that affect public security, public order and public health. Our brands: Invest in Spain About Us Global Network Regions Innovation Startups Sustainability LATAM Desk China Desk Publications Events What's on Why Spain Economy Infrastructures Talent Taxation Quality of Life Industries Aerospace Agri-food Audiovisual Automotive and mobility Chemical industry ICT Life Sciences Logistics and transport Renewable Energy Tourism and Leisure Doing Business Company set up Taxes Labour market Aids and incentives Visas Intellectual property Living in Spain We help you Innova Invest Smart Technology Fund Investors Network Investor Services Rising Up in Spain Social Networks European Regional Development Fund A way to make Europe All rights reserved. ICEX © 2020 Legal Terms Privacy policy Cookies policy Site Map Accessibility COOKIES NOTICE We use our own and third-party cookies exclusively for internal and analytical purposes. They allow us to remember, control and understand how users navigate through our website so we can offer a service based on the user's browsing information. Some belong to third parties in countries whose legislation does not guarantee an adequate level of data protection. Click here for more information about our cookie policy. You can accept all cookies by clicking the "Accept" button or configure or reject their use by clicking "Settings". ACCEPT SETTINGS