Background and Relevance of Spanish Investment in Querétaro
Querétaro, a state in central Mexico, has seen significant foreign direct investment (FDI) from various countries over the past 18 years. Among these, Spain has emerged as one of the most prominent investors.
Investment Trends from 2006 to 2024
From 2006 to 2024, Querétaro received approximately $2,492.4 million in Spanish FDI, making Spain the third-largest source of foreign investment in the state. This amount accounted for 13.6% of the total FDI that Querétaro attracted during this period, which exceeded $18,360.4 million.
During this timeframe, the United States and Canada remained the top investors. The U.S. contributed $4,852 million (26.4% of the total), while Canada invested $2,947.6 million (16.1% of the total).
2024 Investment Performance
In 2024, Spanish investment in Querétaro totaled $30.1 million, placing Spain as the sixth-largest investor in the state. This investment represented 2.9% of the $1,055.1 million in FDI that Querétaro captured that year.
Although Spain ranked sixth in 2024, its investment amount reflected a 47.3% decrease from the $57.2 million recorded in 2023.
Historical Investment Performance
The annual investment from Spain peaked in 2019 at $388.5 million, followed by $232 million in 2020, $207.1 million in 2021, $29.9 million in 2022, $57.2 million in 2023, and $30.1 million in 2024.
With the $30.1 million Spanish investment in 2024, Querétaro ranked 11th among Mexico’s 32 states for FDI from Spain. The top 10 states with the most Spanish investment are Quintana Roo, Baja California, Nayarit, Guanajuato, San Luis Potosí, Estado de México, Sinaloa, Puebla, Nuevo León, and Baja California Sur.
Spain’s Overall Position in Mexico
From 2006 to 2024, Spain invested a cumulative total of $55,735.7 million in Mexico. However, 2024 saw a negative investment value of -$1,134.2 million, primarily due to reduced investments in Mexico City.
Key Questions and Answers
- Who are the primary investors in Querétaro? The United States, Canada, and Spain are the top three investors in Querétaro.
- What percentage of FDI in Querétaro comes from Spain? Spanish investment accounts for 13.6% of the total FDI in Querétaro from 2006 to 2024.
- How did Spanish investment in Querétaro perform in 2024? Spain invested $30.1 million in Querétaro in 2024, representing a 47.3% decrease from the previous year.
- Where does Querétaro rank among Mexican states in terms of Spanish investment? Querétaro is the fifth-largest recipient of Spanish FDI in Mexico, accounting for 4.5% of the total Spanish investment in the country from 2006 to 2024.
