The Industry & Energy Transition Index: Spain

Investment in fixed assets

Progress in terms of increasing investment in fixed assets (€ billion)

Investments in fixed assets in the industrial sector have grown steadily since 2014. After falling significantly during the COVID-19 pandemic years, investments recovered in 2022, to higher levels than seen in 2019—€53 billion. In fact, in 2022, we observed an increase of 9 percent compared to the previous year.

Investments in fixed assets include buildings, infrastructure, machinery and equipment—capturing the core of industrial investments.

If the trend observed in 2011–19 continues, investments may get to €71 billion in 2030.

Investments have been growing steadily since 2020, at a lower pace than the European Union: 2.7 percent annually in 2023.
Indicator definition
Gross fixed capital formation in the industrial sectors (including manufacturing, mining, power and electricity, and water supply), consists of investments in fixed assets, deducting disposals.
Progress assessment
The most recent data point is €53 billion of industry investment in fixed assets in 2022, based on Eurostat data. To assess progress, a linear curve replicating the trend registered in the 2011–19 period (a longer series) is drawn up to 2030. The “arrival reference” is €71 billion. To that curve, a standard deviation (based on the same 2011–19 historical data) is removed or added to create an on-track range. As the most recent progress is within that range, the status for the indicator is on track.

Detail view

Energy transition KPIs
Greenhouse gas emissions reductionRenewables in energy mixElectric vehicle salesRenewable molecules adoptionEnergy dependencyNetwork readinessHousehold electricity pricesIndustry electricity prices
Industrialization KPIs
Industrial gross value addedVehicle productionInvestment in fixed assetsR&D investmentIndustry employmentIndustry exports

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