Is Spain a rich country
The Prosperity of the Regions, Part 2: Spain
The series: How are incomes distributed in the countries of Europe, which regions are wealthy, which are poor? And what about purchasing power in a European comparison? “Welt am Sonntag” will address these questions in the coming weeks. In loose succession, we present country maps that the market research company GfK GeoMarketing has created for us. This week is about Spain. The map shows the arithmetic means of purchasing power in the respective regions of the country. Since such values can be distorted by just a few people with a strong breakdown, GfK GeoMarketing has left income millionaires out of the calculation.
The country: The purchasing power per inhabitant in Spain this year is 12,943 euros. That corresponds roughly to the European average. For comparison: According to calculations, the purchasing power per inhabitant in Germany is 20,014 euros, in Italy 16,179 and in crisis-ridden Greece 11,357 euros. Purchasing power - i.e. the amount that citizens have left for consumer spending and saving after deducting taxes and duties - is also distributed very differently in Spain: prosperity is concentrated in the border region with France in the north - and in the centrally located region Capital region of Madrid.
Rich Spain: The provinces with the highest purchasing power per inhabitant are in the Basque Country on the border with France. The front runner is Gipuzkoa (16,707 euros), closely followed by Alava (16,461 euros) and Navarra (16,284 euros). The Madrid region ranks fourth with a per capita purchasing power of 16,238 euros. This is rich for Spain - but for the euro partner Italy, this figure is just about the national average. It is noticeable that the purchasing power spread in Spain is about the same in both directions: while the rich Gipuzkoa is around 30 percent above the Spanish average, the region with the weakest purchasing power, Cadiz, is around 30 percent below.
Poor Spain: The bottom of the league, Cadiz, on the southern tip of the country, has purchasing power of just € 8,729 per inhabitant. This roughly corresponds to the average per capita purchasing power of Malta or Slovakia. In the poorly populated provinces of Cáceres, Huelva and Badajoz, all of which are on the border with Portugal, things are not looking much better. There, too, the purchasing power per inhabitant is well below the Spanish average.
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