Foreign investment in Spain, without Foreign Securities Holding Entities (ETVE), has decreased by 23.3% in the first nine months of 2023 compared to the same period last year, and has reached a volume of 18,303 million euros , according to the DataInvex Foreign Investment Registry of the Secretary of State for Commerce.

Specifically, foreign investment in Spain has gone from 23,874 million euros until September 2022 (8,243 million in the first quarter, 8,117 million in the second quarter and 7,514 million in the third quarter) to 18,303 million between January and September of 2023 (9,966 million in the first quarter, 2,267 million in the second quarter and 6,070 million in the third quarter).

The Community of Madrid is once again the region that leads in attracting funds from abroad in the first nine months of the year, with 10,262 million, 56% of the total.

It is followed by the Valencian Community (2,469 million); Catalonia (2,087 million); Basque Country (1,494 million); Asturias (497 million); Andalusia (438 million); Murcia (380 million); Balearic Islands (174 million); Aragon (166 million); Castilla-La Mancha (112 million) and Galicia (100 million).

Below 100 million in foreign investment are Castilla y León (52 million); Canary Islands (51 million); Extremadura (5.7 million); Navarra (3.7 million); La Rioja (939,000 euros); Cantabria (753,000 euros) Ceuta and Melilla (66,000 euros).

The sector that received the most foreign investment until September was ‘crude oil and natural gas extraction’, with 3.4 billion investment. This is followed by investments in ‘health activities’, with 1,814 million, and ‘telecommunications’, with 1,762 million.

Regarding the immediate country of origin of the investment, Luxembourg stands out, with 8,149 million, followed by Germany, with 2,008 million, the Netherlands (1,732 million), France (1,362 million) and the United Kingdom (1,277 million).