The regions of Spain have quite different economies, level of economic activity and composition of industries/sectors. Not surprisingly, the most populous regions like Madrid, Catalonia, Andalusia and Valencia, also have the largest GDPs.
Geographical locations, access to water and the availability of infrastructure like harbors, highways, railroads and airports as well as sizeable urban populations all play their roles in the development of each region. Locations of administrative centers and regional governments also.
Most of us know that Madrid is where the country’s federal government is located. Catalonia and the Basque Country is where the industrial revolution first got started. La Rioja is famous for its wines, Galicia for its textiles (Zara/Inditex). Valencia and Andalusia as well as the Balearic and Canary Islands are well known for their tourism and their harbors. Mining has been found both in the North and in the South of the country. You can find sizeable car manufacturing across the Northern regions. Agriculture in the South and Southeast but also inland in the central parts of the country. And more. The two autonomous city areas, or enclaves, of Ceuta and Melilla on the North African coast add about €1.7 billion and €1.5 billion.
We will follow up later with information concerning GDP per capita, average income, which regions are home to the largest companies, important industries and more.
Harry B., Find Your Spain!
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