INTERNATIONAL BUSINESS IN SPAIN

Spain, with a GDP of USD 1.3 trillion and a population of 46.6 million people, is the fourth-largest economy in the Eurozone, post-Brexit. Its economy grew 3.1% percent in 2017. Record tourism and export levels, coupled with a revived domestic consumption, helped drive the recovery. Forecasts for the next several years suggest growth around 2.7 percent.

As a member country of the European Union (EU), Spain adheres to EU legislation, as is the case of all member countries. The Spanish government generally aligns with the EU consensus, and the Spanish public has broadly favorable views of the EU. 


Spain is home to dozens of multinational companies, including five of the world's 10 largest construction companies, and Europe's second largest phone company. Major Spanish firms in the banking, telecommunications, infrastructure and energy sectors have become global leaders. Procurement decisions for these companies continue to be made in Spain. 


The auto equipment and parts sector is another leading sector, ranked the sixth largest in the world by turnover and the third largest in Europe. In terms of total vehicle production, it is the second largest in Europe and the eighth largest in the world. 


Tourism has traditionally been one of Spain's most important sectors. The country is the world's second largest tourist destination receiving 82 million foreign visitors in 2017. It ranks second in terms of receipts (expenditures) following the United States. 


With more than 1,970 miles of high-speed rail, Spain is second only to China in terms of high-speed train infrastructure. Madrid has high-speed train connections with 27 cities.


Wind energy has been the second source of electrical generation in Spain in 2017. Installed wind capacity was 23,092 MW at the end of 2017. Spain is the fifth country in the world in terms of installed wind power after China, the U.S., Germany and India. Over 22,000 people work in the sector. The Spanish industry exports technology worth over EUR 2.5 billion per year. It invests around EUR 85.5 million annually in R&D. The wind energy contributes about EUR 2.7 billion euros to GDP, accounting for 0.25 percent of Spain's GDP. 

Spain, the new 'golden visa' haven of Europe

Statistics suggest a new record this year in applications for a residency-by-investment program 




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Major Cities

Barcelona

The Catalonia region is Spain's economic powerhouse, especially the city of Barcelona. It's the second largest city in Spain, behind Madrid, and was chosen as the fourth-best city in the world for doing business in 2009.

It's important to note that it was picked in 2009, a year after the economic crisis that swept through Europe.

If the world liked Barcelona at its worst, imagine what they'll think at its best?

Barcelona is also one of the top automotive manufacturing cities in Europe, hosting dozens of foreign manufacturing plants from all across the world.


Barcelona is considered one of the world's major cities, and is a global leader in tourism, culture, and trade.

In fact, the city is famous for hosting some of the world's biggest trade fairs: the perfect places to find your ideal supplier.

Barcelona is also one of the top automotive manufacturing cities in Europe, hosting dozens of foreign manufacturing plants from all across the world.

Besides that, Barcelona is famous for its textiles, chemicals, pharmaceuticals, electronics, logistics, telecommunications and information technology.

Madrid

Madrid is the capital of Spain and the third-largest city in the EU, behind only London and Berlin.  considered one of Europe's largest financial centers.

Madrid specializes in high-technology and innovation, and should be your first stop whether or not your business is in that field.

From Madrid Airport is possible go directly everywhere