SPAIN

Spain has historically and geographically served as a natural bridge between Europe, North Africa, and Latin America. This fact, together with the domestic market of 48 million and an annual inflow of  94 million tourists, contributed a lot to the country’s solid base for economic growth.

Andalusia

It is almost impossible to convey the essence of Andalusia in just a few words this southernmost autonomous community in Peninsular Spain is too rich in history, stunning landscapes, lively festivals, and celebrated gastronomy. All these treasures continue to enchant millions of travelers. In 2024, Andalusia set a new tourism record, welcoming almost 36.2 million visitors and generating revenues of 30 billion euros. The industry’s performance is expected to be even higher in 2025 as it becomes more sustainable, technologically advanced, and better spread across time and territory.

 

However, even such impressive numbers pale in comparison to Andalusias economic growth. The region now generates approximately 14% of the nation’s total GDP, a contribution that continues to grow at a rather steady pace. An unprecedented influx of foreign capital, new export records and leadership in renewable energy are taking Andalusia beyond its historical role, firmly establishing it as one of Spain’s most outstanding economic centres.

Aragon

It may seem like a miracle: in just five years, the Aragon region has become Europe’s leading technology center, hosting giants such as Amazon and Microsoft. However, this success has nothing to do with magic or luck, but rather is the result of the government’s strategic initiatives. The favorable tax framework, business acceleration programs, high quality of life and status of one of the Spain’s leading renewable energy producers has attracted over 100 international companies and positioned Aragon as an ideal place for innovation.

 

Moreover, its prime location along the Cantabrian-Mediterranean corridor further boosts its booming logistics, while its skilled workforce and vast land support other key sectors like manufacturing, automotive, and health care. Given such a dynamic landscape, it’s no wonder Aragon contributes 70% of Spain’s national GDP.

Canary Islands

The Canary Islands, a Spanish archipelago of eight islands in the Atlantic Ocean, are famous all over the world as a must-visitdestination. In 2024, the islands’ mild climate, lengthy coastlines, and stunning volcanic landscapes attracted 15.5 million touristsalmost seven times their population. Each island contends to have its unique charm,offering experiences that go beyond a standard beach holiday. Visitors eagerly return to explore more, generating 22 billion in revenue, 35% of the Islands’s GDP.

 

Many tourists are surprised to find out that the Canary Islands are much more than just a vacation spot. With a focus on sustainability and innovation, the region is diversifying its economy and developing into a growing center for investment. Political stability, a favorable tax climate, and excellent connectivity make the Canary Islands a year-round haven for both travelers and businesses, offering endless opportunities for discovery and growth.

Basque Country

At the Euro-Atlantic crossroads, the autonomous Basque Country has reinvented itself from an industrial hub of metallurgy and shipbuilding into a center of innovation, digitalization, and sustainable energy. With a projected economic growth rate of 2% in 2025 – nearly three times higher than that of the Eurozone – the region is establishing itself as a global leader by strengthening ties with the EU and the US.

 

Bilbaos bustling port and financial sector, Vitoria-Gasteizs administration, and San Sebastiáns captivating allure form the core of this dynamic region. But its true growth potential lies in the Basque Country’s commitment to fostering an entrepreneurial ecosystem around creativity and technological advancement. This visionary attitude goes hand in hand with the region’s focus on the circular economy and advances in eco-innovation.

 

By transforming itself into a modern center of opportunity, the Basque Country is demonstrating how tradition and progress can work in harmony to lead the world into a more sustainable and innovative era.

Catalonia

With a 22.3% share of Spanish industry and an impressive GDP that surpasses that of countries such as New Zealand and Serbia, Catalonia has the most competitive economy in Southern Europe. Its strategic location on the Mediterranean and advanced transportation infrastructure make Catalonia a key hub for international trade and a top choice for global enterprises.

 

The region leads in industries such as life sciences, chemicals and automotive. It is home to Southern Europes largest chemical hub, responsible for 18% of the industrys added value, while life sciences attract giants such as AstraZeneca and Sanofi. Chosen as the site for the BSC AIF’s innovative AI project, the region is also confirming its technological excellence.