Spain has become a major export hub for film and television products, according to a 2022 report by the US Chamber of Commerce in Spain. This and other documents are cited in the second report on the audiovisual industry, presented by the Spain Audiovisual Hub to analyse the economic and social impact of the audiovisual industry in our country, as well as its possible future scenarios.
The US Chamber of Commerce also highlights “Spain’s privileged position to attract foreign investment and promote exports on a global scale, benefiting from its language and strong trade and diplomatic relations, especially with the United States and Latin America.” To support this assertion, it compares the growth of film and television, and content investment, with growth in other nearby countries.
Leader in its environment
According to these data, Spain led this selection of countries in 2021, with a 5.7% increase in revenue and a 7.2% increase in content investment. This was followed by France with 4.5% and 4.2% respectively, Italy with 4.3% and 3.5%, and Germany with 2.7% and 3%. The report further highlights the potential of the Spanish audiovisual industry when it recalls that the gap had been even wider before the pandemic.
Employment also benefited from this growth, with a 4% increase in the audiovisual field, creating 76,000 jobs in 2018 alone. Annual increases were particularly significant in the years studied, between 2014 and 2021, with an average annual increase of 7% in film and video production and 5% in television programmes.
Learn more in: https://www.investinspain.org/en/news/2024/spain-hub