After FDIs dried up due to the crisis in the eurozone, they recovered in 2013 thanks to the country becoming more competitive and increased confidence of investors. Spain remains one of the world's fifteen largest FDI receipients (UNCTAD 2013).
In terms of FDI appeal, the country’s strengths include: cultural proximity to Latin America, with the presence of a number of Spanish multinational companies, boom in tourism, its highly efficient transport network and development of renewable energies. Spain aspires to become one of the world's key research actors. To this end, it has developed the "Malaga Valley" project, whose promoters are hoping to construct the largest European research and innovation center dedicated to information and communication technologies.
|Index of Transaction Transparency*||5.0||6.0||7.0||5.0|
|Index of Manager’s Responsibility**||6.0||5.0||9.0||5.0|
|Index of Shareholders’ Power***||7.0||9.0||5.0|
|Index of Investor Protection****||5.0||6.1||8.3||5.0|
Source: Doing Business - Last Available Data.
Note: *The Greater the Index, the More Transparent the Conditions of Transactions. **The Greater the Index, the More the Manager is Personally Responsible. *** The Greater the Index, the Easier it Will Be For Shareholders to Take Legal Action. **** The Greater the Index, the Higher the Level of Investor Protection.
|Foreign Direct Investment||2011||2012||2013|
|FDI Inward Flow (million USD)||28,379||25,696||39,167|
|FDI Stock (million USD)||628,950||644,677||715,994|
|Performance Index*, Ranking on 181 Economies||58||-||-|
|Potential Index**, Ranking on 177 Economies||24||-||-|
|Number of Greenfield Investments***||358||388||362|
|FDI Inwards (in % of GFCF****)||8.8||9.2||13.7|
|FDI Stock (in % of GDP)||43.2||48.8||52.7|
Source: UNCTAD - Last Available Data.
Note: * The UNCTAD Inward FDI Performance Index is Based on a Ratio of the Country's Share in Global FDI Inflows and its Share in Global GDP. ** The UNCTAD Inward FDI Potential Index is Based on 12 Economic and Structural Variables Such as GDP, Foreign Trade, FDI, Infrastructures, Energy Use, R&D, Education, Country Risk. *** Green Field Investments Are a Form of Foreign Direct Investment Where a Parent Company Starts a New Venture in a Foreign Country By Constructing New Operational Facilities From the Ground Up. **** Gross Fixed Capital Formation (GFCF) Measures the Value of Additions to Fixed Assets Purchased By Business, Government and Households Less Disposals of Fixed Assets Sold Off or Scrapped.
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Last Updates: January 2015