Andalusia closed the fiscal year 2024 with a capture of 837 million euros in foreign investment, which represents a 20% growth compared to the average of the last decade, set at €696 million annually. This figure also significantly exceeds the average of the last 24 years, which stood at €547 million per year.
Juanma Moreno's government thus consolidates Andalusia's role as a safe, reliable, and attractive enclave for international capital., as highlighted by the Minister of Economy, Finance, and European Funds, Carolina España. Institutional stability, legal certainty, and sound budget management are, according to the Minister of Economy, the pillars that have enabled this significant growth in foreign investment.
Data published by the Ministry of Industry, Trade, and Tourism places Andalusia as the autonomous community with the second highest level of foreign investment in the last decade, behind only the record year of 2022. Specifically, the €837,06 million achieved in 2024 represents a 40,63% increase compared to the previous year, when €595,4 million was recorded.
A particularly positive fourth quarter for Andalusia
The final boost came in the fourth quarter of 2024, when foreign investment in Andalusia soared 142,5% year-on-year, reaching €309,4 million. This growth, well above the national average of 6,5%, demonstrates the confidence of foreign capital in the Andalusian economy..
Overall, foreign direct investment in Spain reached €2024 billion in 36.813, compared to €30.960 billion the previous year. However, Andalusia stood out for growing at more than double the national average (40,63% compared to 19% for the entire country).
A historic six-year period in attracting investment
Carolina España stressed that the period 2019-2024 has been a "historic six-year term" for Andalusia in terms of foreign investment, accumulating 5.026 billion euros. This figure represents almost double the amount raised between 2013 and 2018 (2.641 billion) and 54% more than the best period recorded so far, 2007-2012, with 3.265 billion..
The Andalusian president, Juanma Moreno, also celebrated these figures. In a social media post, he emphasized that "we now see a thriving region where companies want to operate and establish their projects," emphasizing that "The Andalusian way generates employment, prestige, and a future.".
More foreign investment than Andalusian capital outflow
Another relevant piece of data from the 2024 analysis is Andalusia's net position as a recipient of foreign productive capital. The region received €791,7 million more from abroad than it invested abroad, following a similarly positive trend at the national level, where the balance was €4.969,9 million.
Andalusian productive investment abroad also grew significantly, reaching €45,3 million in 2024 compared to €25,8 million the previous year. This increase of 75,5% triples the average growth for Spain as a whole (26,6%)..
These data reinforce Andalusia's position as a strategic international hub., not only as a recipient of investments, but also as an active issuer in foreign markets, with Andalusian companies increasingly competitive and present abroad.
International confidence in the Andalusian economic model
Experts point out that the legal security, the budgetary certainty and political stability are key factors in the decision of international investors. In this context, the management model of the Andalusian Government of the PP is generating a climate conducive to the attraction of industrial, technological and logistics projects.
Furthermore, the Andalusian brand is strengthened by improved infrastructure, investment incentives, and the drive for training and digitalization, which help attract long-term, high-value capital.
The sustained growth of foreign investment in Andalusia is a tangible example of the effectiveness of the Andalusian model., which is successfully projected abroad.
