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Spain Maintained its Economic Growth at 0.7% in Q4 2017

Spain’s economy grew by 0.7% in the final quarter of 2017, compared to the previous one. The data was released by the Spanish Statistical Office and it confirms that the overall economic situation in the country is one that has a positive evolution. Our team of lawyers in Spain can help foreign investors interested in entering the Spanish market who want to leverage on the economic boost. 

A good final quarter of 2017

 
The annual growth rate for 2017 was 3.1% in Spain, after a well-performing final quarter. During the last months of the year, the economy expanded by 0.7% compared to the third quarter in 2017. 
 
A positive evolution was also recorded for the business turnover index. In November, the index registered a 1.8 percent growth, compared to the month of October and after the adjustment for seasonal and calendar effects. The annual rate had a value of 7.3 percent, with four business sectors showing a mentionable performance. These sectors are the supply of electric power, water, sanitation and waste management, commerce, non-financial services, extractive industries, and manufacturing.
 
These business sectors have various degrees of control and licensing requirements. One of our lawyers in Spain can give you complete information about their particularities. 
 

Investing in Spain

 
Our team of lawyers in Spain can help you if you are interested in knowing more about the different laws that regulate foreign investments, the rules, and opportunities or incentives in selected business fields.
 
Some of the top reasons to invest in Spain include:
- an open economy that has recovered from the recession;
- lower business start up and management costs compared to other Western countries;
- investment incentives;
- easy investor entry on the market and easy access to credit (subject to several conditions);
- a top touristic destination: the country remains one of the most popular choices among tourists worldwide.
 
You can contact the experts at our law firm in Spain for more detailed information and a complete guide to our legal services.