In the first half of 2022, non-ETVE gross foreign investment flows in Spain increased by 87.7% compared to the same period in 2021. Thus, foreign investment in Spain reached 15.66 billion euros in the first six months of the year, which represents a growth of 4.6% compared to the average of the last five years.
As the Secretary of State for Trade, Xiana Méndez, explains: Spain has significantly increased investment levels, surpassing pre-pandemic levels. This is due to the high attractiveness of Spain as an investment destination and the confidence of investors in our country due to the advantages offered by our market, its open and competitive economic model and the legal security it offers.
For its part, Spanish gross non-ETVE investment abroad amounted to more than 4,000 million euros, down 75.6% compared to the same period of the previous year, according to investment data recorded in the latest DataInvex report.
Two countries, the US and the UK, accounted for more than half of the investment flows received by Spain, 57%. These two countries together with Australia, France and Hong Kong accounted for 74.1% of investment in the first half of the year.
By sector, 59% of total foreign investment in Spain went to the services sector, 37.4% to industry, 3.5% to construction and 0.2% to the primary sector.
At the level of the Autonomous Communities, Madrid continues to be at the top of the ranking, concentrating almost 70% of foreign investment. It is followed by Catalonia (10.8%), Navarre (3.7%) and the Basque Country (3.5%). Therefore, four Communities attracted almost 88% of total foreign investment in Spain.