Foreign investment in Spain increases by 20.3% in the first quarter of 2023

Foreign investment continues to grow in Spain in the first quarter of the year, according to data published in the DataInvex Foreign Investment Registry of the Secretary of State for Commerce.

Gross foreign investment flows in Spain in the first three months of 2023 increased by 8.1% in gross terms compared to the same period of 2022. In the case of non-ETVE investment, it increased by 20.3% compared to the first quarter of 2022, reaching 9,9 billion euro. This represents a growth of 50.8% compared to the average in the previous five years.

For the Minister of Industry, Commerce and Tourism, Héctor Gómez, “the Government’s economic policy is key to generating confidence abroad, as shown by the data known today. Legal certainty and economic growth that reflect the good times that Spain is experiencing and the desire to invest in our country, with industry as the main sector receiving investment”.

At the sector level, industry is gaining weight and is positioned as the main receiving sector, practically balancing out with the services sector. Thus, 48.8% of the total foreign investment went to industry, 48.5% to the service sector and 2.6% to construction.

The US has been the leading investor in Spain in this period: it issued 58.1% of the non-ETVE investment flows directed to Spain. This country, together with Australia and France, represented 72.6% of the investment. Subsequently, Switzerland, the United Kingdom, Mexico and Japan follow as investor countries in Spain.

By autonomous community, four communities obtained almost 96.3% of the total foreign investment received in Spain in the first quarter of 2023: Comunidad de Madrid, Comunitat Valenciana, Cataluña and Región de Murcia.

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