Foreign direct investment in Spain in a context of fragmenting international relations
Rationale This article describes the behaviour of Spain’s foreign direct investment (FDI) flows and stocks in recent years, against a backdrop in which firms and governments increasingly take into account geostrategic considerations in their decisions on such transactions. Takeaways •Over the past d...
| Autores: | , , , |
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| Tipo de recurso: | artículo |
| Fecha de publicación: | 2025 |
| País: | España |
| Institución: | Banco de España |
| Repositorio: | Repositorio Institucional del Banco de España |
| OAI Identifier: | oai:repositorio.bde.es:123456789/40287 |
| Acceso en línea: | https://repositorio.bde.es/handle/123456789/40287 |
| Access Level: | acceso abierto |
| Palabra clave: | Inversión extranjera Geopolítica Riesgos políticos Finanzas internacionales F02 F21 F23 F51 F60 F62 Foreign direct investment Globalisation Deglobalisation Geopolitical tensions Fragmentation Geopolitical risk indices |
| Sumario: | Rationale This article describes the behaviour of Spain’s foreign direct investment (FDI) flows and stocks in recent years, against a backdrop in which firms and governments increasingly take into account geostrategic considerations in their decisions on such transactions. Takeaways •Over the past decade, inward FDI flows have performed better in Spain than at global level and in the main euro area economies. •The geographical composition of Spain’s stock of inward FDI suggests a relatively low exposure to geopolitical risk, with other European Union countries being the ultimate counterpart for nearly 50% of the country’s total FDI stock in 2023. The second most important source of Spain’s FDI is the United States, which accounts for 14%. •However, in the current complex setting, extraordinary uncertainty surrounds the stability and strength of some traditional geopolitical alignments. |
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