Economic Impact Study of Spain’s Rebates for Investments in International Film and Television Series

Client: Spain Film Commission

Location: Spain

SPI was commissioned by Spain Film Commission to deliver an Economic Impact Study of Spain’s Rebates for Investments in International Film and Television Series.

The study, delivered in collaboration with PROFILM, is part of the Spain Audiovisual Hub initiative and was co-financed by the European Union’s NextGenerationEU programme. The study analysed how the tax incentive in international audiovisual production has influenced the Spanish economy, with a particular focus on job creation, contribution to Gross Added Value (GVA), and other key economic indicators.

The analysis, covering years between 2019 and 2022, shows that incentivised international productions filming in Spain spent a minimum of €1.3 billion (£1.08 billion) in Spain. This generated an estimated minimum of €1.8 billion (£1.52 billion) in GVA contributions to the Spanish economy.

The study also examines the micro impacts of incentivised film and television production activity, including the ripple effect of spending on other sectors of the Spanish economy and across geographical areas. Furthermore, the study assesses additional spillover impacts of incentivised film and television production activity, including infrastructure, skills development, and screen tourism.

The study utilises a mixed methods approach, including extensive desk research, data collection, and confidential consultations with domestic and international stakeholders across the film and television production sector, content investment, education, and government.

Download the study in English here (link).

Download the study in Spanish here (link).

More on SPI’s Economic Impact Studies here. 

Contact SPI Consultant Marta Moretto on marta@o-spi.com to hear more about this study.