© Copyright – Establishingabroad.com
Foreign direct investment in Spain grew 3.7% in 2012

Foreign direct investment in Spain grew 3.7% in 2012

Thursday, 01 August 2013.

Foreign direct investment (FDI) in Spain increased by 3.7% last year, to 21.374 billion euros, ahead of countries such as Germany (6.6 million dollars vs. 48.9 million), France (25.1 million vs. 38.5 million) and Italy (9.6 million dollars against 34.3 million).

According to the Report on Global Investment by the United Nations Conference on Trade and Development (UNCTAD), global foreign investment fell by 18%. Nonetheless, FDI grew in developing countries for the first time in history; while these countries obtained more FDI in 2012. Specifically, 52% of world FDI flows.

Regardless, according to the same report, inflows of FDI to developing countries fell slightly by 4% to 703 billion dollars, reaching their second highest level.

In developing regions, flows to the countries of Asia and Latin America and the Caribbean remained at historically high levels, but growth slowed.

Africa experienced year-on-year growth in inflows of FDI in 2012. The report also notes that foreign direct investment is also on the rise in more structurally weak countries, such as landlocked developing countries and small developing island states.

As far as outflows of FDI, developing economies reached 426 billion dollars, which is a record level of 31% of the world total. Developing Asian countries are currently the main source of FDI, accounting for three quarters of the total originating from developing countries.

This report by the UNCTAD affirms that China rose from sixth place to third in the ranking in 2012, behind the United States and Japan. Flows of FDI from Africa increased almost threefold last year.

Although the report also warns that recovery will take "longer than expected, due above all to the fragility of the global economy and political uncertainty".

For 2013, UNCTAD estimates that foreign direct investment will remain at levels close to those of 2012, with an upper band of 1.45 trillion dollars (1.11 trillion euros).

spanien

Time in Madrid, Spanien

ES - Time
  • Amazon chooses Madrid

    The electronic commerce multinational Amazon has chosen Madrid, more specifically San Fernando de Henares, for its first logistics centre in Spain. Read more