Spain is not only a great destination for investment and creating project opportunities but may be one of the top choices within the European Union today, thanks to the potential and policies it has implemented that have contributed to the revitalization of all sectors within the country. In this article, you will learn about the top four reasons that have made Spain a focal point of interest for many investors worldwide.
The economic strength that Spain possesses
Spain possesses some of the strongest economic sectors in the world and ranks 13th in terms of international and domestic investment. Spain’s advantage for investment lies not only in its domestic market but also in its trade with countries worldwide. Also, Spain has a population of approximately 47 million people, with nearly 20 million of them forming part of the workforce.
Additionally, Spain is a member of the European Union, the Organization for Economic Co-operation and Development (OECD), and the World Trade Organization (WTO). Spain’s economy is based on various sectors, with agriculture contributing about 2.73% of the Gross Domestic Product (GDP), industry accounting for 20.5%, and the largest share from the services sector, making up 67.15%.
As for the tourism sector, Spain welcomed nearly 80 million tourists last year, ranking second in the world after France as one of the most visited countries globally, and the tourism sector generates billions of euros in income, making Spain the second-highest earner from this source worldwide, after the United States. This sector not only serves as a primary economic driver but also creates numerous entertainment and tourism opportunities for those interested in investing in the country.
Access to global markets
As a member of the European Union, Spain enjoys access to a market of over 500 million people. Additionally, Spain has more than 20 bilateral trade agreements with various countries in Europe, the Middle East, and Africa.
Spain shares its borders with a greater number of other Spanish regions, as well as Portugal. Due to this, it possesses a strategically advantageous geographical location within the European Union, enabling it to access its partners in Europe, the Middle East, and Africa. Spain also benefits from its economic, historical, and cultural relationships with Latin America.
Furthermore, Spain’s proximity to major ports and logistical centers makes it an ideal location for serving both domestic and international markets, and this location is further enhanced by a modern and extensive transportation network, including highways and an integrated railway system connecting the capital Madrid to numerous important surrounding centers within just an hour.
The culture of the country and the quality of life it offers
Spain enjoys an excellent quality of life, abundant facilities, and sports centers, It is known for its diverse cultural heritage as a result of successive civilizations, such as the Roman, European, and Arab influences. Spain ranks 25th out of 189 countries according to the United Nations (UN) Human Development Index, which measures various factors including living standards, education levels, and more.
Spain’s educational system is ranked 17th globally in terms of quality and is supported by the national government, which has made primary and secondary education compulsory and free for all children aged 6 to 16.
It’s worth mentioning that Spain ranks eighth in terms of the best healthcare systems in the world, and It is the most efficient in Europe, combining the best private and public institutions and facilities.
A suitable working climate and a diversity of investment opportunities
Spain has become a land of opportunities for investors around the world looking to start new business ventures, It boasts a stable economy, with a Gross Domestic Product (GDP) surpassing 1.3 trillion dollars, making Spain the fourth-largest economic power in Europe. This position makes it an ideal gateway for conducting business in Latin and South America.
Starting a business in Spain is a straightforward process that requires some time and knowledge but is accessible to anyone with the necessary means. The country, particularly Barcelona, has become one of the most renowned hubs for startups worldwide.
Spain has an investment environment that has made it one of the strongest economies in the world, including the real estate sector, which is witnessing a state of prosperity year after year. If you are interested in one of the real estate investment options in Spain, you can contact our specialized team by visiting the link here.