On this page you will find beneficial information regarding foreign direct investment in / trading with Spain. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Parliamentary Constitutional Monarchy
Population: 47.42 million (2021)
GDP: 1.427 trillion USD (2021)
Corporate Tax Rate: 25%
Personal Income Tax Rate: 24%
Major Exports: Cars ($34.4B), Refined Petroleum ($12.4B), Packaged Medicaments ($12.2B), Motor vehicles; parts and accessories (8701 to 8705) ($10.8B), and Vaccines, blood, antisera, toxins and cultures ($8.93B), exporting mostly to France ($59B), Germany ($38.3B), Italy ($30.6B), Portugal ($30.5B), and United Kingdom ($21.6B).
Major Imports: Crude Petroleum ($26.7B), Cars ($15.9B), Packaged Medicaments ($11.8B), Motor vehicles; parts and accessories (8701 to 8705) ($11.6B), and Vaccines, blood, antisera, toxins and cultures ($11.2B), importing mostly from Germany ($49.6B), France ($41.6B), China ($38.5B), Italy ($29.7B), and Netherlands ($20.7B).