This document presents the main results of the latest investment and capital stock estimates for the Spanish economy, developed jointly by the Ivie and the BBVA Foundation in 2023. The data has been updated to cover the period 1964-2023 with a broad breakdown by assets (intangible and tangible), sectors, regions and provinces. The richness of the database enables the characteristics of capitalization to be studied from multiple angles, making these estimates an essential tool to analyze the sources of growth in Spain in over one thousand studies.

In this new edition, data on regional investment and capital stock has been updated up to 2023, thus eliminating the delay in the publishing of statistical data by regions. This update helps analyse the effects of the covid-19 crisis on capital accumulation in Spain and its regions and offers an insight into the evolution of its recovery. This is one of the main objectives of this edition which also offers an indepth description of the evolution of investment and capital stock in Spain and its regions since 1995. It also highlights the different phases of the Spainish economy and the changes that have ocurred in the composition and characteristics of investment and capital, as well as their effect on growth.