Productivity in Spain falls by 7.3% in 20 years, after rising by 2.8% after Covid

Spains productivity

Between 2000 and 2022, Spain accumulated a reduction in productivity of 7.3%. The fall is even more surprising when compared with other countries such as the United States and Germany, where in the same period this indicator rose by 15.5% and 11.8%, respectively.

The accumulated fall is evidence of “a deficient use of the resources used” and places Spain at a “disadvantage” compared to the productivity of other countries. “A part of its productive system is not efficient, holding back cost advantages when competing and improvements in per capita income and welfare”, explains the first report of the Observatory of Productivity and Competitiveness in Spain (OPCE), published in the digital newspaper El Español.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.