What economic impact will the 2030 World Cup have on Spain?

FIFA announces 2030 World Cup will be hosted by Spain, Portugal and MoroccoIt will have a huge economic impact on our country. Therefore, last year the government announced that World Cup events This will generate more than 10 billion euros in revenue for Spain alone.

These are the forecasts published by the government in Royal Decree 1034/2022 of 20 December 2022. This law provided for grants to be given directly to the Royal Spanish Football Federation for the preparation and development of the 2030 FIFA World Cup bid.

The executive department estimated that The tournament will create a business size of 5.12 billion euros and 82,513 full-time jobs. With this number you would need Add the income left by visitors attending the World Cup. Revenues are expected to be more than 5.5 billion euros.

According to government data, it is estimated that: “For every euro spent on investment and organization for the development of the 2030 World Cup, Spain alone will generate 4.28 euros in GDP and 1.32 euros in tax revenue.” Meanwhile, the government estimates the investment required to host the 2030 World Cup at 1.43 billion euros. This total will be split into 750 million euros for infrastructure and a further 680 million euros for organizational costs. This amount is just a starting point.

On the other hand, the government places particular emphasis on its impact on society. tourism department “This is the result of a large number of fans traveling to the host country, boosting the economic situation of the host country.” “However, this is not the only aspect that is strengthened by hosting an event of this nature. Specifically, given that it is not held in a single location within the country, but instead hosts national teams and conferences are held in different regions of the country, this event is a great addition to the country’s brand and, by extension, the region. This will enhance the brand of the company,” the royal decree said.

Additionally, emphasis was placed on: Social benefits of World Cup celebrations: “The organization of events, in addition to improving the image of Spain at international level, is therefore an element that unites citizens from different regions of the Spanish territory, and all this is done through sporting values ​​such as fairness. Dedication and teamwork.”