after a considerable Let go of what happened in 2020 As a result of the pandemic, Per capita income of the Community of Valencia grew up strongly in the last year, although far from the national average and the richest autonomies. In fact, the gap has widened a bit compared to what existed before the outbreak of covid.
This is evident from the data. Regional Accounting of Spain It was published by the National Institute of Statistics (INE) this Monday and again reflects the important differences that still exist between the different autonomies.
GDP per capita in the Community of Valencia last year 22,289 €one representing 1.509 Euro improvements for 2020 figures, which fell by 2,343 euros as economic activity was paralyzed due to measures taken to stop the spread of the coronavirus. That means per capita income is still off last year. 834 euros below the pre-Covid figures.
In any case, the most important thing remains the significant distance separating Valencians from the country’s average level of well-being, and especially from the most developed autonomies. Thus, the average income of the Community will be in 2021. 87.4% of national income per capitawhich is 25,498 euros. I mean, every Valencian 3.209 euros poorer More than all Spaniards.
Moreover, a difference grown Since 2019, the last year before the pandemic, GDP per capita in the region stood at 87.5% of the national level. Valencia’s economy has fallen less than the rest of the country, a figure that rose to 88% in 2020 and once again deviated from that average until reaching 87.4% as previously stated in 2021. . . It should be noted, however, that this increase in difference is partly due to the increase in the Community’s population over the past year – therefore, there are more calm According to the INE, when it comes to redistributing the wealth created, it fell a bit across the country.
Concerning the rest of the Spanish autonomies, the Community of Valencia is very closer to the cabinet than the front pack. So the Valencians 3,383 euros richer than Andalusias – autonomy closing classification with GDP per capita of 18,906, but these 12,532 euros poorer than the people of Madridwhose income reaches 34,821 euros.
Second, they continue basqueswith 32,430 Euros; following navarroswith 31,024 Euros; Catalans with 29,942 euros; and AragoneseWith 28,912 Euros.
Data from known Regional Accounts this Monday is still do not include estimates of GDP by provinceso it’s impossible to know in what condition Alicantetraditionally offering a per capita income level even lower than all autonomya. Thus, in 2019 the state was at 19,944 euros, barely 75.4% of the national average income, this figure has fallen to 17,999 euros in 2020 due to the pandemic.
Commerce and hospitality lead the way back
in terms of Sound, GDP of the Community of Valencia grew slightly more than the rest of the country last year. 5.6% compared to 5.4% of the national average. Balearic Islands with 10.7%; Canary Islands with 7%; and Navarra, with 5.9%, experienced the largest increases, while Ceuta (+4%), Melilla (+4.1%) and Castilla y León (4.3%).
Logically, the business lines that grew the most were those that were most affected by the restrictions in the previous year. Like this, Trade Y hostel They went from a 22.9% drop in 2020 to an increase of 14.4% last year. As can be seen, it is an incomplete recovery as normalization is not completed until the beginning of 2022.
on his behalf manufacturing industry It went from a 13.8% decrease in its GDP to an 8.2% increase; industry Contact and computing increased by 6.8% last year, slowing the loss of 0.3% over the previous year; the service companies and administrative activities they improved by 8.3% (-11.4% in 2020); the Public administration increased its effectiveness by 1.9%; agriculture, 2.4%; The only sector with a negative change in GDP was construction with -3.4%.