Why invest in the Basque agrifood sector?

Why invest in the Basque Country?

Open and
andvanced economy

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Why invest in the Basque Country?

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BECAUSE IT’S AN OPEN AND ADVANCED ECONOMY

• The Basque Country spans 7,234 km2 and boasts a population of 2,173,210 inhabitants, with a GDP per capita of 33,896€ (2017), higher than the EU average.
• It has a globalised economy, with 1,660 international companies and over 5,000 of top quality certifications.
• The Basque Country holds 81st place in GDP per inhabitant, out of a total of 330 OECD regions.
• R+D expenditure is 1.85% of the GDP, much higher than the national average and in line with the EU average.
• It has business and innovation centres, research centres and recognised technological platforms, such as Tecnalia and IK4.
• It has highly qualified and productive manpower: The Basque Country is the autonomous community with the highest percentage of qualified employment in the nation, with 51.2%.
• A high level of training and the autonomous community with the most educational technology in its classrooms.

BECAUSE IT’S A WELL-CONNECTED COUNTRY

• Euskadi is strategically located in the middle of the European Atlantic Corridor. This location, a zone of passage between Peninsular markets and the rest of Europe, makes the Community a hub for the area of influence, which is home to:
  • A 2,000 km corridor connecting over 10 EU regions.
  • 80 million inhabitants, 25% of the Eurozone’s population.
  • Over 2 trillion euros in GDP, accounting for 30-40% of the Eurozone’s GDP.
  • A corridor between ports with over 60 ports with total traffic exceeding 650 million t/year.
• Its location and a network of top-rate logistical infrastructures and transport, perfectly inter-coordinated and connected and with large European networks, makes the Basque Country an unbeatable Multimodal Logistical Platform for freight and passenger transport in Southwest Europe.
• The Basque Country is the port of entry to Europe as a logistical hub on the European Atlantic Corridor and to the rest of the world, especially Latin America, with a noteworthy number of Basque companies and institutions.
• The Financial Times has rated the Basque Country as the best European region in logistical terms for foreign investment.

BECAUSE OF ITS OWN TAX SCHEME

• The Basque Country has regulatory and management ability, thanks to its own financial system.
• It boasts a high degree of self-government in important aspects, including healthcare, education, safety, housing and the tax treasury.
• Basque public administrations have developed different instruments to boost business development and company creation: specific public funds for each stage in a company’s life cycle, private proactive funds to invest in companies and tax incentives and deductions.

BECAUSE OF ITS BUSINESS ECOSYSTEM

• The Basque Country is an industrial and entrepreneurial territory, found in a land chock-full of opportunity, with a growing industry and a favourable economy and exports that have only grown in recent years.
• Moreover, cooperative agreements have been established with other European regions in different fields of action: R+D+i, environment and sustainable development, agriculture and food, etc.

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Well-conected
country

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Why invest in the Basque Country?

×

BECAUSE IT’S AN OPEN AND ADVANCED ECONOMY

• The Basque Country spans 7,234 km2 and boasts a population of 2,173,210 inhabitants, with a GDP per capita of 33,896€ (2017), higher than the EU average.
• It has a globalised economy, with 1,660 international companies and over 5,000 of top quality certifications.
• The Basque Country holds 81st place in GDP per inhabitant, out of a total of 330 OECD regions.
• R+D expenditure is 1.85% of the GDP, much higher than the national average and in line with the EU average.
• It has business and innovation centres, research centres and recognised technological platforms, such as Tecnalia and IK4.
• It has highly qualified and productive manpower: The Basque Country is the autonomous community with the highest percentage of qualified employment in the nation, with 51.2%.
• A high level of training and the autonomous community with the most educational technology in its classrooms.

BECAUSE IT’S A WELL-CONNECTED COUNTRY

• Euskadi is strategically located in the middle of the European Atlantic Corridor. This location, a zone of passage between Peninsular markets and the rest of Europe, makes the Community a hub for the area of influence, which is home to:
  • A 2,000 km corridor connecting over 10 EU regions.
  • 80 million inhabitants, 25% of the Eurozone’s population.
  • Over 2 trillion euros in GDP, accounting for 30-40% of the Eurozone’s GDP.
  • A corridor between ports with over 60 ports with total traffic exceeding 650 million t/year.
• Its location and a network of top-rate logistical infrastructures and transport, perfectly inter-coordinated and connected and with large European networks, makes the Basque Country an unbeatable Multimodal Logistical Platform for freight and passenger transport in Southwest Europe.
• The Basque Country is the port of entry to Europe as a logistical hub on the European Atlantic Corridor and to the rest of the world, especially Latin America, with a noteworthy number of Basque companies and institutions.
• The Financial Times has rated the Basque Country as the best European region in logistical terms for foreign investment.

BECAUSE OF ITS OWN TAX SCHEME

• The Basque Country has regulatory and management ability, thanks to its own financial system.
• It boasts a high degree of self-government in important aspects, including healthcare, education, safety, housing and the tax treasury.
• Basque public administrations have developed different instruments to boost business development and company creation: specific public funds for each stage in a company’s life cycle, private proactive funds to invest in companies and tax incentives and deductions.

BECAUSE OF ITS BUSINESS ECOSYSTEM

• The Basque Country is an industrial and entrepreneurial territory, found in a land chock-full of opportunity, with a growing industry and a favourable economy and exports that have only grown in recent years.
• Moreover, cooperative agreements have been established with other European regions in different fields of action: R+D+i, environment and sustainable development, agriculture and food, etc.

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Own Tax
scheme

Display data

Why invest in the Basque Country?

×

BECAUSE IT’S AN OPEN AND ADVANCED ECONOMY

• The Basque Country spans 7,234 km2 and boasts a population of 2,173,210 inhabitants, with a GDP per capita of 33,896€ (2017), higher than the EU average.
• It has a globalised economy, with 1,660 international companies and over 5,000 of top quality certifications.
• The Basque Country holds 81st place in GDP per inhabitant, out of a total of 330 OECD regions.
• R+D expenditure is 1.85% of the GDP, much higher than the national average and in line with the EU average.
• It has business and innovation centres, research centres and recognised technological platforms, such as Tecnalia and IK4.
• It has highly qualified and productive manpower: The Basque Country is the autonomous community with the highest percentage of qualified employment in the nation, with 51.2%.
• A high level of training and the autonomous community with the most educational technology in its classrooms.

BECAUSE IT’S A WELL-CONNECTED COUNTRY

• Euskadi is strategically located in the middle of the European Atlantic Corridor. This location, a zone of passage between Peninsular markets and the rest of Europe, makes the Community a hub for the area of influence, which is home to:
  • A 2,000 km corridor connecting over 10 EU regions.
  • 80 million inhabitants, 25% of the Eurozone’s population.
  • Over 2 trillion euros in GDP, accounting for 30-40% of the Eurozone’s GDP.
  • A corridor between ports with over 60 ports with total traffic exceeding 650 million t/year.
• Its location and a network of top-rate logistical infrastructures and transport, perfectly inter-coordinated and connected and with large European networks, makes the Basque Country an unbeatable Multimodal Logistical Platform for freight and passenger transport in Southwest Europe.
• The Basque Country is the port of entry to Europe as a logistical hub on the European Atlantic Corridor and to the rest of the world, especially Latin America, with a noteworthy number of Basque companies and institutions.
• The Financial Times has rated the Basque Country as the best European region in logistical terms for foreign investment.

BECAUSE OF ITS OWN TAX SCHEME

• The Basque Country has regulatory and management ability, thanks to its own financial system.
• It boasts a high degree of self-government in important aspects, including healthcare, education, safety, housing and the tax treasury.
• Basque public administrations have developed different instruments to boost business development and company creation: specific public funds for each stage in a company’s life cycle, private proactive funds to invest in companies and tax incentives and deductions.

BECAUSE OF ITS BUSINESS ECOSYSTEM

• The Basque Country is an industrial and entrepreneurial territory, found in a land chock-full of opportunity, with a growing industry and a favourable economy and exports that have only grown in recent years.
• Moreover, cooperative agreements have been established with other European regions in different fields of action: R+D+i, environment and sustainable development, agriculture and food, etc.

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Business
ecosystem

Display data

Why invest in the Basque Country?

×

BECAUSE IT’S AN OPEN AND ADVANCED ECONOMY

• The Basque Country spans 7,234 km2 and boasts a population of 2,173,210 inhabitants, with a GDP per capita of 33,896€ (2017), higher than the EU average.
• It has a globalised economy, with 1,660 international companies and over 5,000 of top quality certifications.
• The Basque Country holds 81st place in GDP per inhabitant, out of a total of 330 OECD regions.
• R+D expenditure is 1.85% of the GDP, much higher than the national average and in line with the EU average.
• It has business and innovation centres, research centres and recognised technological platforms, such as Tecnalia and IK4.
• It has highly qualified and productive manpower: The Basque Country is the autonomous community with the highest percentage of qualified employment in the nation, with 51.2%.
• A high level of training and the autonomous community with the most educational technology in its classrooms.

BECAUSE IT’S A WELL-CONNECTED COUNTRY

• Euskadi is strategically located in the middle of the European Atlantic Corridor. This location, a zone of passage between Peninsular markets and the rest of Europe, makes the Community a hub for the area of influence, which is home to:
  • A 2,000 km corridor connecting over 10 EU regions.
  • 80 million inhabitants, 25% of the Eurozone’s population.
  • Over 2 trillion euros in GDP, accounting for 30-40% of the Eurozone’s GDP.
  • A corridor between ports with over 60 ports with total traffic exceeding 650 million t/year.
• Its location and a network of top-rate logistical infrastructures and transport, perfectly inter-coordinated and connected and with large European networks, makes the Basque Country an unbeatable Multimodal Logistical Platform for freight and passenger transport in Southwest Europe.
• The Basque Country is the port of entry to Europe as a logistical hub on the European Atlantic Corridor and to the rest of the world, especially Latin America, with a noteworthy number of Basque companies and institutions.
• The Financial Times has rated the Basque Country as the best European region in logistical terms for foreign investment.

BECAUSE OF ITS OWN TAX SCHEME

• The Basque Country has regulatory and management ability, thanks to its own financial system.
• It boasts a high degree of self-government in important aspects, including healthcare, education, safety, housing and the tax treasury.
• Basque public administrations have developed different instruments to boost business development and company creation: specific public funds for each stage in a company’s life cycle, private proactive funds to invest in companies and tax incentives and deductions.

BECAUSE OF ITS BUSINESS ECOSYSTEM

• The Basque Country is an industrial and entrepreneurial territory, found in a land chock-full of opportunity, with a growing industry and a favourable economy and exports that have only grown in recent years.
• Moreover, cooperative agreements have been established with other European regions in different fields of action: R+D+i, environment and sustainable development, agriculture and food, etc.

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The Basque Country, a competitive hub in main sectors

The Basque Country is strategically located in the middle of the European Atlantic Corridor, a transit point between the Iberian Peninsula and the rest of Europe. This places it at the centre of an influence with over 80 million inhabitants and 30-40% of the Eurozone’s GDP . 

Based on data from the Financial Times (2016), The Basque Country is considered  the best mid-sized European region in logistics for foreign investment.

• The Basque Country has a GDP per capita of 33,896€ (2017), higher than the European Union average.
• It holds 81st place in GDP per inhabitant, out of a total of 330 regions.
• Foreign investment has doubled over the past six years, reaching 6.565 billion in 2012-2016. The Basque Country is self-governed in important aspects, including healthcare, education, safety, housing and the tax treasury.
• 51.2% of employment is highly qualified and productive, the autonomous community with the highest rate in all of Spain.

There is ongoing institutional support and cooperation for companies from: the Basque Government, HAZI, AZTI, Basque Culinary Center, Elika y Neiker.