Spanish and Business. Spanish language as an engine for business growth


Spanish is the business language in the present and for the near future. Currently, the number of Spanish speakers exceeds 540 million spread over 22 Spanish-speaking countries, which confirms the Spanish as the second most spoken language in the world. Between 2011 and 2013 there was an increase of 6.8% of foreign corporate visits to Spain in order to start new business relationships.

In this sense we should highlight the growing importance of knowledge and Spanish domain as motor and economic momentum internationally and, as a consequence, as the axis of expansion and consolidation of foreign companies in Spanish-speaking countries. North and Central America, together with Spain, account for 78% of the purchasing power of the commercial network of Spanish speakers.

The knowledge of the Spanish language implies an increase of 290% of bilateral trade with Spanish-speaking countries, compared to about 240% in countries of other languages. In more concrete terms, we could say that the purchasing power of Spanish-speaking countries, according to the Selig Center For Economic Growth, in 2013 exceeded 1.2 billion dollars. Furthermore, the addition of Spanish as a value added in the business of a country may be 15% of GDP.

Interesting facts:

– The world’s population speaks Spanish surpasses 540 million.

– Spanish is the official language in 22 countries and language recognized in North America, Europe, Central Asia, North Africa, the Philippines and Australia.

– In 2030 the percentage of Spanish speakers around the world will be 7.5%.

– The number of students of the Spanish language is close to 20 million.

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