A modern economy open to the world - investin

1.2. MODERN ECONOMY OPEN TO THE WORLD

MODERN ECONOMY OPEN TO THE WORLD

Álava stands out with 30.5% of its GDP allocated to industry, exceeding the average for the Basque Country (24.2%), Spain (17.4%) and the European Union (23.5%).

Álava GDP per capita is 10% greater than the European Union average, an indicator of the territory’s high living standards and wealth.

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Fiscal autonomy

Industria space

Quality of life

Álava economic figures

INDUSTRIAL GDP

Álava

30,5%

Basque Country: 24,6%

Spain: 17,4%

EU-27: 23,5%

GDP PER CAPITA

Álava

110,3%

Basque Country: 108%

Spain: 77%

EU-27: 100%

EXPORTS

Álava

70%

Basque Country: 37,7%

Spain: 28,8%

WORKER PRODUCTIVITY

Álava

119,7%

Basque Country: 117,7%

Spain: 95,1%

EU-27: 100%

Source: Eustat (2022), INE (2022) and World Bank (2022)

Economic factors to invest in Álava

A good business climate

More than 24,000 establishments make up Álava’s dynamic economic base, of which 2,000 belong to the industrial sector. Owing to their role as economic drivers, the large industrial facilities of world-leading companies are especially important.

Export culture

Álava heads the list of Spanish provinces in per-capita value of exports, which leads to one of the highest percentages of internationalised companies relative to its productive base.

A labour market with high productivity

Álava stands out as one of the most productive regions in Europe, with a rate of 119.7% in productivity per person, far exceeding the average for the Basque Country (117.7%) and Spain (95.1%). This figure translates into greater efficiency and competitiveness for companies operating in Álava, positioning them at the forefront of Europe.