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In terms of purchasing power, Spain's per capita income is significantly higher than that of some major economies ranked above Spain.
Spain has a modern knowledge-based economy, where services represent 75% of its business activity. It is an international centre for innovation that benefits from a young, highly qualified, proactive-natured population and from their competitive costs in the context of Western Europe, especially as regards graduate and post-graduate employees.
Spain is a committed and reliable member of the Europe Union with free access to the world's largest market (EU) with 500 million people and a per capita income of USD 25,865. This means potential investors can benefit from:
- Free movement of goods and services, capital and people.
- No intra-Community tariffs.
- A single currency.
- European programs and funds.
Spain is the world's 12th largest recipient of foreign investment, which highlights the important role played by foreign investment within the Spanish economy. In Spain, foreign investors have exactly the same treatment as Spanish investors, with no discrimination as regards the type or size of the investment.
Images: Marc (C.C BY N.C S.A 2.0) "Arco de cuchilleros" (Madrid, Spain). Antonio Martínez (C.C BY N.C S.A 2.0) "Encina / holm - oak". Sources: Invest in Spain,