According to the DataInvex register of the Secretary of State for Trade, foreign investment in Spain, excluding foreign-securities holding companies (ETVE), rose by 21.7% in the first nine months of 2024 compared with the same period of the previous year and reached €23.6 billion.
Once again the region attracting the most money from abroad was the Community of Madrid, with €16.9 billion, 71.8% of the total. It is followed by Catalonia (€3.45 billion), Asturias (€596 million), Andalusia (€480 million), the Valencian Community (€426 million), Aragon (€364 million), the Region of Murcia (€353 million), the Balearic Islands (€263 million), Castilla-La Mancha (€224 million), the Basque Country (€163 million), the Canary Islands (€122 million) and Castilla y León (€119 million). The least foreign investment went to Galicia (€70 million), La Rioja (€16 million), Navarre (€4 million), Extremadura (€2.2 million) and Cantabria (€1.3 million).
The sector that attracted the largest volume of capital from abroad is “telecommunications” (€5.025 billion). It is followed by investment in “electricity, gas, steam and air conditioning supply” (€3.727 billion), “financial services except insurance and pension funding” (€1.763 billion) and “food industry” (€1.258 billion).
As for the immediate country of origin of the investment, the United Kingdom (€7.932 billion), Luxembourg (€5.699 billion), the Netherlands (€1.834 billion), Norway (€1.648 billion) and Germany (€1.109 billion) stand out.
