Spain Attracted 28.785 Bn € In Foreign Investment In 2021, Up 17.7%, With Madrid Leading The Way


Spain has received during 2021 a total of 28.785 billion euros in foreign investment. The Community of Madrid is the region that leads in attracting funds from abroad, with 20.943 billion, 73% of the total, according to data revealed yesterday by the Ministry of Industry, Trade and Tourism.

These 28.785 billion euros that Spain has attracted in foreign investment in the year as a whole represent an increase of 17.7% over the same period last year. This is due to the better performance of investment in the last quarter of 2021, a period in which 14.170 billion euros were reached.

Compared with this boost in the final stretch of the year, Spain only attracted during the first quarter of 2021 a total of 3.871 billion euros. Meanwhile, between April and June investment rose slightly to 4.445 billion euros and in the third quarter exceeded 6.298 billion.

Figures by Autonomous Communities

In cumulative terms – between January and December – the Community of Madrid attracted the greatest volume of investment, with 20.943 billion euros, an increase of 14.5% over the same period last year.
It is followed by Catalonia, with a total of 2.968 billion euros, falling 4.8% compared to 2020; the Basque Country, with 1.537 billion; Andalusia, with 965 million; the Community of Valencia (856 million); the Balearic Islands (334 million); Galicia (222 million); Castilla-La Mancha (187 million); Castilla y León (134 million); and Aragón (177 million).

Below 100 million euros in foreign investment are Navarre, with 118 million, followed by the Region of Murcia (96 million); the Canary Islands (87 million); La Rioja (70 million), Asturias (41 million); Cantabria (24 million); Extremadura (9 million) and Ceuta and Melilla (605,000 euros).

By sector and recipient countries

The sector that attracted the most foreign investment during 2021 was ‘supply of electrical energy, gas, steam and air’, with 5.801 billion euros, after soaring more than 300% in one year. It was followed by investments in ‘specialized construction activities’, with 5.007 billion euros; ‘programming, consulting and related activities’, with 1.694 billion and ‘retail trade, except motor vehicles’, with 1.138 billion.

As for the country of origin of the investment, Luxembourg stands out, with 8.690 billion euros, followed by France (6.710 billion); the Netherlands (2.973 billion); the United Kingdom (2.480 billion); the United States (1.637 billion) and Germany (1.021 billion).

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.