FDI from the United States into Spain

In 2020, 96 projects will be launched in Spain by companies located in the United States. In comparison to the previous year, this was a 7.7% reduction.

In Spain, corporations based in the United States predominantly invested in software and IT services, consumer products, and communications and media. In 2020, these three sectors together accounted for 40% of total US outbound FDI projects destined for Spain.

Spain attracted a higher proportion of US outbound FDI in the consumer goods (9 percent of total US outbound FDI in the sector), renewable and alternative energy (8 percent), and building and real estate (7 percent) sectors than any other country.

Amazon, Marriott International, and Hilton Worldwide were among the top US-based investors in Spain. In the 2019–20 fiscal year, these firms accounted for 19 percent of overall project flows.

Spain was the ninth-largest receiving country in terms of total US outbound FDI projects in 2020. In 2019, it was the 12th-largest beneficiary.

Companies based in the United States typically developed businesses in Catalonia on a regional level. In reality, in 2020, 37 percent of US corporations’ initiatives in Spain were based there. The next most popular subnational destinations were the Comunidad de Madrid and Andalusia.

Outbound FDI from Spain to the United States

In the year 2020, Spanish enterprises will have developed 52 projects in the United States. In comparison to the previous year, the number of projects climbed by 44.4 percent.

The main categories in which Spanish companies invested in the United States were financial services, software and IT services, and automobiles. These three sectors together accounted for 54% of total Spanish outbound FDI projects scheduled for the United States in 2020.

In terms of sector market share, the United States attracted a bigger share of outbound FDI from Spain in the financial services industry. The United States contributed for 55 percent of all outbound FDI projects in the financial services sector in Spain.

BBVA, Iberdrola, and Acek Desarrollo y Gestion Industrial were among the top Spanish investors in the United States. These companies accounted for 33% of the total number of Spanish-based projects launched in the United States in 2019–20.

In 2020, the United States will be the top beneficiary of Spanish outbound FDI. In 2019, it was the second-largest recipient.

Companies located in Spain primarily set up shop in Texas. In 2020, the state will have produced 35% of all Spanish outbound projects slated for the United States. The next most popular subnational destinations were Florida and California.