CATALONIA AT A GLANCE
Submitted by christian on Thu, 10/05/2017 - 19:56
Source: AFP News Agency
- Catalonia accounts for 19% of Spain GDP, rivalling Madrid for being Spain’s richest region and has a population of 7.5 million
- It is fourth in terms of GDP per capita averaging € 28,600 after Madrid, the northern Basque Country and neighbouring Navarra.
- Like in Madrid, unemployment is also lower than in the rest of the country: 13.2% in the second quarter of 2017 compared with 17.2% nationally.
- Catalonia is by far Spain’s top exporting region, with 25% of all goods produced there sold abroad last year and in the first quarter of 2017.
- Catalonia attracted some 14% of foreign investment in Spain in 2015, far ahead of all the other regions except for Madrid.
- Catalonia’s capital Barcelona is home to textile group Mango, Spain’s third-largest bank Caixa Bank, Gas Natural, highway giant Abertis or perfume firm Puig, which owns Nina Ricci, Paco Rabanne and Jean-Paul Gaultier.
- Catalonia has a big logistics hub
- The biggest industrial sector in Catalonia in terms of jobs and turnover is agrifood buoyed by the powerful meat business which exports a lot of pork.
- Oil, food for cattle and grocery products are also important sectors.
- Catalonia concentrates around half of Spain’s chemical production, with a major hub in Tarragona.
- Catalonia is also the second car producer in Spain after Castilla y Leon. Nissan and Volkswagen, via is brand Seat, have factories in Catalonia.
- The sector of bioscience, genetics, neuroscience, cell biology represents 6% of Catalonia’s GDP.
- Catalonia has many cutting-edge hospitals and research centres, including in the nuclear sector with a particle accelerator and it is number one in Europe for pharmaceutical companies per capita.
- New technology is also very present in Barcelona, which every year hosts the Mobile World Congress.
- Catalan universities are among the best in Spain. These are Pompeu Fabra, the University of Barcelona and the Autonomous University of Barcelona.
- Catalonia’s business schools- Esade and IESE are well-known and Barcelona also has big publishing houses.
- Catalonia is the Spanish region that most attracts foreign tourists and the trend is on the rise. More than 18 million visitors in 2016, or a quarter of all foreigners who came to Spain.
- Barcelona’s airport is the second-biggest after Madrid. In 2016, it handled more than 44 million passengers. It is particularly valued by low-cost companies that want to make it a European hub for their long distance flights to the Americas.
- Barcelona’s port is the third-biggest in Spain for goods after Algeciras in the south and Valencia in the east and one of the largest in Europe for Cruise ships.
- Catalonia’s debt represents 35.4% of its GDP, which made it the third-most indebted region in Spain in the first quarter of 2017, after Valencia and Castilla La Mancha. At the end of June, its debt stood at € 76.7 billion. Ratings agencies have given it a low, speculative grade, which means Catalonia is not able to borrow directly on financial markets. So it depends on loans emitted by the Spanish state.
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