Why is Catalonia so Important?
After the declaration of Catalonia's independence from Spain, there is a growing concern about the economy of one of the most prosperous regions of the country. Some information about the business and property of Catalan, famous as 'Power House' of Spain's economy,
Rich Region:
Catalonia is behind Spain's list of wealthy regions. In 2016, Spain provided 19 percent of Spain's GDP. In Spain, the top four places in the capitals earnings of per capita income in 17 regions of Spain. According to the second quarter of 2011, the average unemployment rate is less than 13.2 percent. The Spanish Finance Minister said, if Catalan is independent, the country's GDP will fall to one-fourth and unemployment will be double. Libertarians say that if Catalan does not pay taxes, the economy of Catalan will be more prosperous.
Top Exporters:
Catalan is the country's top exporters region so far. Last year, one-fourth of the country's export earnings comes from Catalan. Spain receives 14 percent of Spain's foreign investment in 2015 The region was only after Madrid. There are large companies in the food, chemical and logistics sectors in Catalan. In 2016, Spain's second-largest automaker was Catalan. Nissan and Seyat's factories are here. However, due to ongoing crisis, 800 companies headquarters were removed from Catalan.
Latest Technology:
From the nineties, Catalan has invested heavily in biology, genetics, neuroscience and cell biological research. Here are the latest technology hospitals and research centers. It is said, as per the per capita, the European drug company is at the top of the Catalan market. Three of the top five universities in Spain are in Catalan.
Popular for Tourists:
The provincial capital of Barcelona and Costa Brava are popular with beach tourists. More popular among Catalan tourists than any other region of Spain. Last year, 18 million people visited Catalan, which is one-fourth of Spain's total foreign tourists. However, due to ongoing crisis, the number of tourists decreased by about 15 percent.
Lending Mountains:
In the second quarter of 2010, Catalan was the third highest among the regions of Spain. The region's debt is approximately 9 billion dollars. Catalunya has 35 percent of GDP Ratings companies have put down Catalan, which means that the Catalan government has to rely on the Spanish government to get the loan.
Not only is the independence of Catalonia important to Spain but it could trigger a chain reaction across Europe where many autonomous regions will opt to break away.