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Economy of Galicia. Rande Bridge. Galicia's two major economic poles are A Coruña and Vigo, with A Coruña in the lead, producing an estimated 33.2% of VAT receipts against 24.3% from Vigo. [citation needed] A third economic center is Santiago de Compostela, capital of Galicia.
May 13, 2024 · The textile, automotive, and foodstuffs industries are economically significant as well. The manufacture of turbine components is important to the construction of wind turbines; Galicia has dozens of wind farms throughout its provinces that generate about one-third of Spain’s total energy output.
Economy See also: Poverty in Austrian Galicia The new state borders cut Galicia off from many of its traditional trade routes and markets of the Polish sphere, resulting in stagnation of economic life and decline of Galician towns.
Except shipbuilding and food processing, Galicia was based on a farming and fishing economy until after the mid-20th century, when it began to industrialize. In 2018, the nominal gross domestic product was €62.900 billion, with a nominal GDP per capita of €23,300.
Dec 1, 2021 · Galicia's GDP could grow by 5.6% in 2021 and 5.4% in 2022. If the forecasts are met, Galicia will be one of the regions that recovers the pre-crisis level of activity the fastest and some 33,000 new jobs would be created between 2020 and 2022.
- BBVA Research
Nov 5, 2020 · In fact, Galicia has seen more immigrants than emigrants in this century. But it is an ageing society. The dynamism of the coast contrasts with a depopulated interior, prone to forest fires.
Economy and Industry. Galicia is the fifth largest autonomous community of Spain in terms of population, with 2 695 645 inhabitants as of 2021. Galicia is one of the regions in Spain with the best GDP. After the pandemic crisis Galicia’s GDP has grown more than 5% so, if the forecasts are met, this region will be one of the fastest to recover.
