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julio 1, 2014

Spain – an attractive county for investment

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Spain – an attractive county for investment

Spain is the ninth country in the world which receives the highest amount of foreign investment. And these investments have increased by 52% in 2013 to 28,755 million euros, a figure close to the registered in the years before the economic crisis.

Thus, Spain became the ninth country in the world and first in Europe, which receives more foreign investment.

According to the report of UNCTAD about the world investment volume in 2014, the Spanish investment abroad also increased by 19,114,000 euros, after the registered decline in 2012. In addition, foreign direct investment in Spain in 2013 was 715,994,000 dollars (525.801.000 euros), which is 11% more than in the previous year and 52.7% of GDP of the country.

The deputy of Director General of International Commerce of Services and Investment of Ministry of Economy, Luis Oscar Moreno, emphasized during the presentation of these data in Madrid, that Spain came back in top list of the 10 countries that receive the largest number of foreign investments and is the fourth country in the developed world, after the United States, Canada and Australia. In addition, Spanish investments were presented in the world last year in the amount of 643,226,000 dollars (472.236.000 euros).

The UNCTAD report also indicates that foreign direct investment in 39 developed countries have recovered in the past year and the flow of money capital increased by 9% compared with 2012, while the outgoing flows were stable. In addition, it is expected that foreign direct investment in the world this year will grow to $ 1.6 billion (1,175 million euros) and will continue to grow in 2015 and 2016.

It is also worth considering that in Spain is located about 13,000 foreign companies, which represent 1.2 million jobs and 7.1% of the local workforce.

Oscar Luis Moreno noted that the growth of foreign investment in Spain is associated, primarily, with the restoration of the competitiveness of the Spanish economy, thanks to the reforms in the labor and tax issues, as well as with a high level of national infrastructure and a qualified workforce.

“Investors anticipate recovery of the Spanish economy and are a leading indicator of growth,” assured Luis Oscar Moreno, after stating that in 2014, there are “better prospects” in terms of foreign investments.

 

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