Valencian Community

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BBVA Research has analyzed developments in the Valencian tourism sector for a number of years, and seen the important changes that it has undergone. The sector generates around EUR 16 billion per year (15% of regional GDP) and is responsible for 290,000 jobs (15% of total employment).

The Digitization Index (DiGiX) assesses the infrastructure, the level of adoption, and the institutional and market conditions that allow a country or region to take full advantage of information and communication technologies. It includes 17 Spanish regions and 99 countries, with comparable information available for 2019.

The economy of Valencian Community grew by 2.1% in 2018 and will advance by 2.0% in 2019 and by 1.4% in 2020. This will add around 74,000 new jobs in the biennium, although the risks are numerous and some of them are more likely now. The employment level will be 6.4 percentage points below the pre-crisis level

The economy of Valencian Community grew 3.2% in 2017 and will grow 2.7% in 2018 and 2.3% in 2019. This will add around 110,000 new jobs in the period and unemployment shall drop to 12.6%. Although pre-crisis GDP per capita will be recovered, creating more and better jobs remains as a challenge.

The economy of Valencian Community grew 3.2% in 2017 and will grow 2.4% both in 2018 and 2019. This will add around 100,000 new jobs in the period and unemployment shall drop to 13.3%. Although pre-crisis GDP per capita will be recovered, creating more and better jobs remains as a challenge.

La convergencia de España y la Comunitat Valenciana con las principales economías avanzadas requiere aumentar el empleo y la productividad, y reducir la desigualdad. Un sector productivo dual en el que muchas empresas no son capaces de acumular de capital humano y tecnológico, innovar y competir en mercados internacionales.

The economy of the Region of Valencia grew by 3.5% in 2016 and will continue to do so to 2.7% in 2017 and 2.6% in 2018. 120,000 jobs will be created throughout the biennium in the region, and the precrisis level of GDP per capita will be recovered. The slowdown in domestic demand will only be partially offset by the recovery of the foreign sector.