I didn’t expect Spain to have such a growth. Is the 1996 start date beneficial for their data or is the negative news about them overblown?
GDP Per Capita needs to take primacy over GDP.
Otherwise Governments will just keep importing infinity people who contribute nothing to the economy.
They all start at the same point. Is this this just showing a change since that time not the actual value?
In USD? Local currency? PPP?
I have an issue with the use of the word ‘major’ in this context
Several things about spain :
– Up until 2004, Spain was the main recipient from European structural funds which acted as a powerful boon to the economy
– A phase of natural catch up with the rest of western europe, as Iberia used to be fairly backwarded due to a very tough XIX century and the dictatorship experiences in the XXth
– A disregard for environmental concerns. People have obviously forgotten this because this is not really where the stakes are, but spain was a significant climate offender during the 90s and 00s (at least compared with UK France and Germany). Whereas the big three already were in a downward trend after the Kyoto treaty, Sapin increased its total emission by 40% btw 1990 and 2008. Of course, historical emissions do not tell the same story.
– No significant military spending, which will help balance the budget – and increase spending on infrastructure, albeit at the cost of lesser chance of spill-off innovation
– a very strong deflation in the early 10s which ideally positioned the country in the European value chains and led to a moderate industrial renaissnace
– over the past few years, an energy mix made of solar/wind and natural gas which turned out to be fairly resillent to geopolitical upheavals.
However I would not be too bullish on Spain long term, although spain does have several long term strengths, first among which a dynamic society and political system. The country is bound to be one of Europe’s most affected from the climate breakdown. Agriculture in the south could fairly soon be under intense pressure. The spanish economy does not have any leading innovating sector. Its advanced manufacturing or tech scenes are next to non existent (compared with western Europe, which tells you something). The educational system in Spain isn’t very efficient, and produces a lot of underpar university graduates – compared with a world economy that will produce a glut of them in the coming years.
Why isn’t the intercept labeled on the x-axis?
And what happened to Italy post the Great Recession?
![growth in Real GDP Per Capita in Major European Countries since 1996 [OC]](https://www.europesays.com/wp-content/uploads/2025/01/2ieoa8ubbqfe1-1860x1024.png)
7 comments
I didn’t expect Spain to have such a growth. Is the 1996 start date beneficial for their data or is the negative news about them overblown?
GDP Per Capita needs to take primacy over GDP.
Otherwise Governments will just keep importing infinity people who contribute nothing to the economy.
They all start at the same point. Is this this just showing a change since that time not the actual value?
In USD? Local currency? PPP?
I have an issue with the use of the word ‘major’ in this context
Several things about spain :
– Up until 2004, Spain was the main recipient from European structural funds which acted as a powerful boon to the economy
– A phase of natural catch up with the rest of western europe, as Iberia used to be fairly backwarded due to a very tough XIX century and the dictatorship experiences in the XXth
– A disregard for environmental concerns. People have obviously forgotten this because this is not really where the stakes are, but spain was a significant climate offender during the 90s and 00s (at least compared with UK France and Germany). Whereas the big three already were in a downward trend after the Kyoto treaty, Sapin increased its total emission by 40% btw 1990 and 2008. Of course, historical emissions do not tell the same story.
– No significant military spending, which will help balance the budget – and increase spending on infrastructure, albeit at the cost of lesser chance of spill-off innovation
– a very strong deflation in the early 10s which ideally positioned the country in the European value chains and led to a moderate industrial renaissnace
– over the past few years, an energy mix made of solar/wind and natural gas which turned out to be fairly resillent to geopolitical upheavals.
However I would not be too bullish on Spain long term, although spain does have several long term strengths, first among which a dynamic society and political system. The country is bound to be one of Europe’s most affected from the climate breakdown. Agriculture in the south could fairly soon be under intense pressure. The spanish economy does not have any leading innovating sector. Its advanced manufacturing or tech scenes are next to non existent (compared with western Europe, which tells you something). The educational system in Spain isn’t very efficient, and produces a lot of underpar university graduates – compared with a world economy that will produce a glut of them in the coming years.
Why isn’t the intercept labeled on the x-axis?
And what happened to Italy post the Great Recession?
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