Why SpainWhy you should be thinking about Spain as a market to be expanding into:
4th Biggest market in Europe
The Spanish market is the 4th European market in total value, only behing the UK, Germany and France, with a population of 47 million. Highest growth rate for 2020
IMF growth forecasts for 2020 for Spain are estimated at 1,6%, clearly above the European average of 1,3% (UK´s and Germany´s growth rate are expected to be 1,4 and 1,1% respectively). This while the economy has been growing over 2,0% for the last 5 consecutive years. Very competitive and highly skilled workforce
According to Eurostat, Spain´s labour costs are between 20-40% lower than those existing in France, Germany, UK and the Netherlands, while a high percentage of the population held university degrees gateway to south america
Due to the language, Spain is the gateway to South America, being a total market of over 400 million native Spanish speakers. Most bigger companies in Spain are present in South America. 10th most open country to foreign investment
According to OECD´s FDI´s regulatory restrictiveness index, Spain is the 10th most open country to foreign investment, only 4 places behind the Netherlands. |