Volume of foreign investment in Spain
According to data from the DataInvex Foreign Investment Registry of the State Secretariat for Trade, in 2025 the volume of foreign investment in Spain, excluding foreign securities holding entities (ETVE), stood at €30.764 billion. This is 21.8% less than in the previous year and the lowest figure since 2021, when foreign direct investment amounted to €29.216 billion.
Madrid retains its lead
The Community of Madrid once again became the leader in attracting foreign investment in 2025, receiving €15.97 billion. This represents 51.9% of the total volume, although the figure is almost 40% lower than the €26.62 billion recorded in 2024. It is followed by Catalonia with €4.51 billion (-14.2%), Aragon with €3.387 billion and Andalusia with €1.364 billion.
Distribution of investment across the autonomous communities
In the rest of Spain’s autonomous communities, the following volumes of foreign direct investment were recorded:
- Valencian Community – €772 million;
- Castile-La Mancha – €666 million;
- Castile and León – €581 million;
- Basque Country – €531 million;
- Murcia – €528 million;
- La Rioja – €436 million;
- Cantabria – €378 million;
- Navarre – €358 million;
- Canary Islands – €327 million;
- Extremadura – €324 million;
- Balearic Islands – €306 million;
- Galicia – €236 million;
- Asturias – €73 million;
- Ceuta and Melilla – €10 million.
Which sectors attracted the most capital
The largest volume of foreign investment in 2025 was attracted by the information services sector – €3.437 billion. It was followed by:
- advertising and market research – €3.26 billion;
- real estate activities – €2.54 billion;
- storage and transport-related activities – €2.117 billion;
- electricity, gas, steam and air conditioning supply – €2.029 billion;
- financial services excluding insurance and pension funds – €2.066 billion;
- food industry – €1.353 billion.
Countries of origin of investment
As for the countries of origin of investment, Luxembourg stands out with €8.561 billion, followed by the United States with €6.402 billion, the United Kingdom with €2.322 billion and France with €2.079 billion.
In the €1–2 billion range are the Netherlands with €1.529 billion, Belgium with €1.441 billion, Mexico with €1.122 billion, Germany with €1.121 billion and Canada with €1.082 billion.
Against the backdrop of an overall decline in foreign direct investment, Spain continues to maintain strong investment appeal, while Madrid remains a key destination for international capital. For those considering entering the Spanish market, Alegria offers investment consulting services.
