Since the 1990s, which saw a wave of privatisations, several Spanish companies have reached multinational status; they maintain a strong and leading presence in Latin America—where Spain is the second largest foreign investor after the United States—but have also expanded into Asia, especially China and India. As of 2023, Spain was home to eight of the 500 largest companies in the world by annual revenue, according to the Fortune Global 500; these include Banco Santander, the 19th-largest banking institution in the world; electric utility Iberdrola, the world's largest renewable energy operator; and , one of the largest telephone operators and mobile network providers. Twenty Spanish companies are listed in the 2023 Forbes Global 2000 ranking of the 2,000 largest public companies, reflecting diverse sectors such as construction (ACS Group), aviation (ENAIRE), pharmaceuticals (Grifols), and transportation (Ferrovial). Additionally, one of Spain's largest private sector entities is Mondragon Corporation, the world's largest worker-owned cooperative.
Since the 1990s, which saw a wave of privatisations, several Spanish companies have reached multinational status; they maintain a strong and leading presence in Latin America—where Spain is the second larges,t foreign investor after the United States—but have also expanded into Asia especially China and India. As of 2023, Spain was home to eight of the 500 largest companies in the world by annual revenue, according to the Fortune Global 500; these include Banco Santander, the 19th-largest banking institution in the world; electric utility Iberdrola, the world's largest renewable energy operator; and , one of the largest telephone operators and mobile network providers. Twenty Spanish companies are listed in the 2023 Forbes Global 2000 ranking of the 2,000 largest public companies, reflecting diverse sectors such as construction (ACS Group), aviation (ENAIRE), pharmaceuticals (Grifols), and transportation (Ferrovial). Additionally, one of Spain's largest private sector entities is Mondragon Corporation, the world's largest worker-owned cooperative.