Companies with foreign capital generated 31,855 jobs in Asturias in 2018, 10.9% more than the previous year
Asturias is the third Spanish autonomous community in terms of the growth rate of employment generated by Foreign Direct Investment (FDI) in Spain, according to the latest data published by the Ministry of Industry, Trade and Tourism, which corresponds to the year 2018.
Specifically, Asturias recorded an increase in the employment rate of 10.9% with respect to 2017, only behind Cantabria and the Community of Madrid (this with an increase of 11.7%). In absolute terms, the employment generated by FDI in Asturias in 2018 was 31,855 occupied workers.
The impact on employment generation is a different and very useful way of evaluating foreign investment, as well as one of its most beneficial effects for a territory’s economy.
In fact, companies with foreign direct investment participation and residence in Spain, including the most relevant multinationals and their subsidiaries, employed 1.56 million workers in 2018. This figure represents an increase in 2018 (the last year available) of 6.8% with respect to 2017.
Foreign Direct Investment stock
As for the stock of Foreign Direct Investment, where our region traditionally enjoys a good position, the Government has not yet made public the data for 2018. Asturias recorded a stock of FDI of 16,352 million euros at the end of 2017, 4.1% of the total for Spain.
The stock data is like a picture of the presence of multinationals in a territory and is a more stable parameter of measurement than foreign investment flows. The latest FDI data published by the Spanish Government correspond to 2017.