Gross foreign investment flows into Spain in the first three months of 2023 increased by 8.1% in gross terms compared to the same period in 2022. In the case of non-ETVE investment, this increased by 20.3% compared to the first quarter of 2022, reaching 9.912 billion euros. This represents a growth of 50.8% compared to the average over the previous five years.
For the Minister of Industry, Trade and Tourism, Héctor Gómez, "the government's economic policy is playing a key role in generating confidence abroad, as today's figures show. Legal certainty and economic growth reflect the good moment 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 the main receiving sector, almost on a level with the services sector. Thus, 48.8% of total foreign investment went to industry, 48.5% to the services sector and 2.6% to construction.
The US has been the leading investor in Spain in this period: it issued 58.1% of non-ETVE investment flows to Spain. This country, together with Australia and France, accounted for 72.6% of the investment. This is followed by Switzerland, the United Kingdom, Mexico and Japan as investor countries in our country.
By Autonomous Community, four communities obtained almost 96.3% of the total foreign investment received in Spain in the first quarter of 2023: Community of Madrid, Region of Valencia, Catalonia and Region of Murcia.
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