René Muschter
Research Expert covering Industry & Mobility
Leading construction companies in Spain - statistics & facts
The Spanish construction industry’s outlook has experienced dramatic changes over the past two decades. With the housing market bubble, the value of the construction industry in the Spanish economy soared until it constituted a tenth of the country’s GDP. However, when the bubble burst and the Great Recession began in 2007, the industry was one of the most affected and its profits plummeted. As the demand for new projects dwindled and heavy public investment in the sector collapsed along the demand for new projects, net profits of the industry’s giants such as FCC dropped to negative values in the first half of the 2010s. The industry has showed a gradual recovery since then. Between 2014 and 2019, the gross value added of the sector came to nearly 20 million euros.
