Volume of Foreign Investment in Spain
According to the DataInvex Foreign Investment Registry from the State Secretariat for Trade, Spain attracted €30.764 billion in foreign direct investment (FDI) in 2025, excluding foreign securities holding entities (ETVE). This figure marks a 21.8% decline compared to the previous year and is the lowest since 2021, when FDI amounted to €29.216 billion.
Madrid Retains Its Leading Position
The Community of Madrid continued to dominate as the top destination for foreign investment in 2025, drawing €15.97 billion. This accounts for 51.9% of the total FDI in Spain, although it represents a nearly 40% decrease from the €26.62 billion recorded in 2024. Following Madrid, Catalonia attracted €4.51 billion (-14.2%), with Aragon and Andalusia receiving €3.387 billion and €1.364 billion respectively.
Distribution of Investment Across Autonomous Communities
Other autonomous communities recorded the following foreign direct investment volumes:
- 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.
Leading Sectors for Foreign Investment
The information services sector attracted the highest volume of foreign capital in 2025, totaling €3.437 billion. Other significant sectors included:
- 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
Luxembourg led the list of investor countries 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.
Other countries contributing between €1 billion and €2 billion included the Netherlands (€1.529 billion), Belgium (€1.441 billion), Mexico (€1.122 billion), Germany (€1.121 billion), and Canada (€1.082 billion).
Despite the overall decline in foreign direct investment, Spain continues to demonstrate strong appeal for international investors, with Madrid remaining a pivotal hub for global capital inflows.