Saturday, January 28, 2023

Barcelona has grown less than the Big Five provinces since 2017

Number macroeconomic once again agree with those who maintain that the events surrounding Process Sovereignty, famously culminating in 2017, forcefully affected the Catalan economy. without moving, once powerful barcelona has returned to sixth place among the Spanish provinces with the highest Gross Domestic Product As far as its development from that fatal date is concerned.

Recently published data by National Institute of Statistics (INE) The regional accounting for the last completed financial year allows us to verify how Barcelona is clearly positioned as the second fastest growing province in the perspective of the last decade, but also that the time reference from the financial year starts How does the panorama change radically when what events happen such as the acceptance of a call disconnection lawThe Illegal referendum on 1 October And later the unilateral declaration of independence failed.

Valencia, almost doubled

In the full four years since then, which have also been marked by the coronavirus pandemic, the GDP of the province of Barcelona has grown by 2.2%. A proportion that places it at the bottom of the economic development group of the richest provinces in Spain.

In this case it is not only madrid, its great competitor, which leads the chapter with a growth of 3.4% during the same period. it does the same ValenciaMost outstandingly, with an increase in GDP of 4%, Barcelona practically doubles the benefits to the economy.

last of the big six

In addition to these two, two other large provinces have also grown more than Barcelona since 2017: Alicante (+2.5%) and Seville (+2.3%). Of the six demarcations of a state with higher GDP figures, only Vizcaya It’s down, up just one percentage point.

On the other hand, Zaragoza, which is also in the top ten provinces by volume economic activityThis has surpassed the growth of Barcelona since 2017 with 3.5%.

advantage to zaragoza

This last case is particularly important, given that the province in question was one of the great beneficiaries of the massive flight of companies, properties and deposits that resulted Process at the end of that year.

Some movements were initially rejected by its supporters Process and then, given the evidence that they were happening, downplay their importance and point out that they would have no ramifications for the Catalan region, given that the main taxes The companies it deals with are state-wide and, therefore, are not dependent on the place where the registered office is situated.

Ramblas / Luis Miguel AÑón (CG)

But the truth is that since then the development of macroeconomic data has little to do with the trend reflected in the last decade, in which the growth of Barcelona’s economy has been surpassed only by that of Madrid.

In the last decade, Barcelona province’s GDP grew by 13.9%, almost three points less than Madrid but a distant third over the same period: Alicante, at just over 10%.

Provinces that clearly outpaced Barcelona in their development in recent years, such as Seville and Valencia, clearly lag behind with a ten-year perspective. Andalusian leads 8.3% while Levantine leads 7.7%.

In recent years, apart from the sovereignist noise and political instability The impact of the pandemic should also be taken into account. In this sense, mediocrity It was also one of the most restrictive regional governments regarding economic activity when it came to protecting the population from the spread of infection, which is also reflected in the numbers.

‘overtaking’

The phenomenon of corporate flight, initiated by large corporate conglomerates such as what was then called Gas Natural Fenosa (be nature, abertis, cash bank, Sabadell Bank I colonial real estateIt was continued by small and medium-sized companies, among others, in an endless stream that ended up with more than 8,000 companies outside the region.

One of the effects that had the greatest impact was the loss of Catalonia’s status as an autonomous community, with the absolute largest contribution in favor of the state. community of madrid, Sorpaso, which took place in 2017, turns five in 2021, a period in which the trend has not only consolidated but also widened.

Nation World News Desk
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