Navarra reaches the second highest foreign investment figure of the century in 2022

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According to data from the Secretary of State for Trade’s DataInvex Foreign Investment Register, Navarra managed to attract 790.1 million euros last year. This figure represents a sevenfold increase on the figure achieved in 2021. The United States was the country that invested the most, with 483.86 million euros, followed by Germany (217 million), France (49 million) and the United Kingdom (29 million).

The DataInvex Foreign Investment Register of the Secretary of State for Trade confirmed that Navarra managed to attract a total of 790.1 million euros in foreign investment in 2022. This figure represents a sevenfold increase on the previous year and is the second highest so far this century.

In this sense, the United States was the country that invested the most in the Autonomous Community with an investment of 483.86 million euros, 61.1% of the total registered by the aforementioned Secretary of State. Second place went to Germany with 217 million euros, followed by France (49 million) and the United Kingdom (29 million). Asia and Oceania accounted for 7.1 million and, finally, 1.6 million came from South American investors.

From there, the most benefited sector was industry, which accounted for almost 90% of the total foreign investment with 706.51 million euros. Of this amount, 481.86 million euros went to architectural and engineering technical services, while the other 224.65 million euros went to the manufacture of machinery and equipment such as engines and turbines.

Other activities that also benefited were legal and accounting tasks (42.8 million), sale and repair of motor vehicles (23.5 million); agriculture and livestock (3.2 million) as well as education or accommodation with a smaller figure.

Source:  Diario de Noticias