Catalonia is reducing the gap between the Community of Madrid and its gross domestic product (GDP), According to the latest data, it still ranks first as a fraction of Spain’s total wealth. National Institute of Statistics (NEW).
This is because last year, Catalonia grew by 5.8 percent and Madrid by 5.4 percent. Pandemic. This meant that the former accounted for 19% of total GDP, worth 229,418 million euros; the second will decrease from 19.5% in 2020 to 19.4% in 2021, with a value of 234,639 million according to INE data.
At the autonomous community level, The highest growth occurred in the Balearic Islands with 10.7%, followed by the Canary Islands with 7%.In both cases, thanks to the pull experienced by view. In 2020, they experienced the biggest declines due to the measures taken to stop the spread of the coronavirus, which especially affected the tourism sector. Navarra was third in growth last year with 5.9.%.
The regions with the lowest rates of GDP variation were the autonomous cities of Ceuta (4.0%) and Melilla (4.1%), and the autonomous community of Castilla y León (4.3%).
Current lease
According to the INE’s regional accounting, Households in the Basque Country had the highest disposable income per capita on average in 2020 at 20,479 euros. (29.5% higher than Spain). On the contrary, Canary Islands It presented the lowest gross disposable income of households at 12,410 euros per capita (21.5% below the national average).
in 2021, Madrid was the community with the highest GDP per capita at 34,821 euros, followed by the Basque Country at 32,925 and Navarra at 31,024. Catalonia finished fourth with 29,942 euros.. The regions with the lowest GDP per capita were Andalusia (18,906 euros per capita), the Canary Islands (18,990) and Extremadura (19,072). The national average was 25,498 euros per capita and that of the European Union 32,430 euros.
In relative terms, the Comunidad de Madrid’s GDP per capita was 36.6% above the national average in 2021. Basque Country’s is 29.1% higher and Comunidad Foral de Navarra’s is 21.7% higher. Conversely, Andalusia’s GDP per capita was 25.9% below the national record. Those in the Canary Islands and Extremadura were 25.5% and 25.2% lower, respectively, than the Spanish average.