The deindustrialization of the Catalan economic system is a typical course of that has occurred all through Spain, Europe and the USA.
The deindustrialization of the Catalan economic system is a typical course of that has occurred all through Spain, Europe and the USA. However it's shocking to see how in 1955 43% of every part that was produced in Catalonia (GDP) got here from the manufacturing trade and now (with information from 2021) it is just 17%. They're virtually two thirds much less. With employment, the pattern is extra pronounced. Virtually 70 years in the past, 35 out of 100 staff have been employed in factories, and at present there are solely 11 out of 100. The info is taken from the collection revealed this week by Ángel de la Fuente, from Fedea, and Pep Ruiz, from BBVA Analysis . The report analyzes solely the manufacturing trade. The economic sector covers a considerably broader space.
The director of the analysis service of the Barcelona Chamber of Commerce, Joan Ramon Rovira, locations what is going on in Catalonia inside "a basic pattern" all through the world. In Spain as a complete –as may be seen within the graph– the evolution has not been so marked. In 1955, the manufacturing trade weighed 26% in GDP and at present it accounts for 11%. The most important fall in Catalonia can be defined as a result of they began from a better degree.
However the autonomous group that has endured the perfect is the Basque Nation. As we speak 22% of its GDP comes from the manufacturing trade in comparison with 46% virtually 70 years in the past. Rovira explains it by mentioning that the Basque Nation has not skilled the tourism increase that has occurred in communities equivalent to Catalonia. The heading "commerce, hospitality, tourism and communications" has elevated its weight within the GDP of the Basque Nation from 14.3% to 22.1%. However, in Catalonia the rise on this interval has been a lot increased: it has gone from 16.8% to 26.8% of GDP. It is 10 extra factors. The vacationer revolution that has taken place in Catalonia, Valencia or the Balearic Islands represents a singularity inside the entire of Spain.
One other approach of analyzing the evolution of the manufacturing trade by group is to see how the relative weight has modified through the years. In 1955, 31% of all Spanish manufacturing trade originated in Catalonia and now it's 25.5%, so it has remained comparatively steady. Rovira explains that within the first years that the collection is analyzed, Catalonia's weight in GDP regularly fell to the lows of the eighties, when the group underwent the nice industrial conversion. In actual fact, the years 1982 and 1983 are the one two years wherein Catalonia is the group with probably the most unemployed. It surpassed Andalusia, the territory that over the past a long time has led the rating of unemployment. Beginning within the mid-eighties, with the entry into the European Union, the Catalan trade as soon as once more gained weight till the 2008 disaster, when it fell once more.
Sources from the Division of Enterprise of the Generalitat, headed by Roger Torrent, level out that "this lower in industrial weight because the twentieth century has occurred in most Western economies, impacts your entire euro zone and is brought on by a number of causes: the outsourcing and diversification of the economic system, the relocations produced and the outsourcing of accent companies”.
Joan Ramon Rovira factors out that, within the case of the Basque Nation, the nice industrial disaster is the one which occurred between the eighties and the 2000s. Now the distances stay between the 2 territories (Basque Nation and Catalonia), as may be seen within the graph . In accordance with the Division of Enterprise, "it must be famous that Catalonia, as the economic engine of the State as a complete, has additionally improved its weight within the State as a complete because the monetary disaster of 2008. On this sense, we now have gone from 21.9% in 2009 to 25.2% in 2020”.
Just a few weeks in the past, Fedea additionally up to date the information on the evolution of the economic system, employment and wages by area. On this case, he was shocked that each in 1955 and at present the group with the bottom salaries (Extremadura) and the one with the very best (Madrid) have been the identical. Andalusian Financial Analysts defended that one of many causes for this invariability is the nice weight in Extremadura of agriculture, a sector with decrease salaries. The info revealed now reveal that whereas in 1955 agriculture represented 47.8% of Extremadura's GDP, at present it solely contributes 7.1%. The lower is spectacular, however the weight of the sector in that group continues to be a lot increased than that of agriculture in Spain as a complete: 2.9%. In 1955 it was 20.5%.
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