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Methodological aspects

The definition of direct foreign investment basically follows the recommendations of the International Monetary Fund (5th Balance of Payments Manual) and the OECD (Benchmark Definition).

The data is based on that declared by investors pursuant to Act 19/2003, dated 4 July, on the legal system for capital movements and economic transactions abroad and measures to prevent money laundering, and the regulations that further implement it (Royal Decree 664/1999, Ministerial Order dated 28 May 2001 and Ministerial Ruling dated 21 February 2002). They do not include financing between companies, reinvested profits (save in the case of capitalisation of loans and/or profits) and investment in real estate.

Gross investment includes direct investment declared to the Foreign Investment Registry (FIR) of non-residents which entails:

  • holdings in unlisted companies domiciled abroad
  • holdings in listed companies domiciled abroad (over 10% of capital)
  • setting up or expansion of branches
  • other forms of investment contracts or entities registered abroad (foundations, cooperatives, economic interest groups), in which the invested capital exceeds EUR 1,502,530.26

Excluded from the data are foreign share holding companies (ETVEs). ETVEs are holding companies set up in Spain whose sole purpose is to hold shares in companies located abroad.

The information is presented broken down by economic branches according to the destination of the investment, in accordance with the sections of the new Catalan Classification of Economic Activities 2009 (CCAE-2009).

The data are provisional.

Unavailable information is represented using the symbol ":". When the value is lower than that of the minimum unit to be able to estimate the statistical operation or if it effects statistical confidentiality, the symbol used is "..".