, a developed region in Spain
, registed in 2016 an economic growth of 3.5%. The increase was a direct effect of the activities carried out by the local industries and it is important to know that the Gross Domestic Product (GDP)
increase was above the European Union’s average. At the same time, the Catalan economy
was also above the Spanish GDP increase
, situated at 3.2% in 2016. Businessmen interested in opening a company in Spain
can find out more details on the legislation applicable to commercial companies from our team of Spanish lawyers
Main drivers for GDP increase in Catalonia
The main driver of development in Catalonia
was the industrial sector
, which registered the highest level of activities since 2010. Investors who want to register a Spanish company
in this sector should know that the industrial field
increased by 2.5% in 2016, compared to the situation of 2015.
The best results were registered for the following:
• mechanical equipment;
• pharmaceutical products.
Employment aspects in Catalonia
Employment in Catalonia
also showed moderate increase and in this sense, investors interested in employing Spanish workforce
must know that the level of unemployment is decreasing
If in 2015, the region registered 71,600 new jobs, at the level of 2016, in the Catalonia region
there were created more employment opportunities
compared to the previous year. Our team of attorneys in Spain
can offer advice on the employment regulations
applicable in the region.
The economic increase in Catalonia was also sustained by the private consumption and the investments performed in the region, but also as a direct effect of the increase registered in the tourism industry.
At the level of 2016, the tourism industry in Catalonia increased by 4% and the accommodation units reported a solid increase for overnight stays (6.9%), which represents a value higher than the average Spanish overnight stays - 5.6%.
Another aspect that should be taken into consideration when investing in Spain
refers to the fact that the local authorities will invest in this region EUR 4.2 billion.