What is the wealthiest region of Spain?

The wealthiest Spaniards are from the Basque Country, with a median income of €27,174. The poorest Spaniards reside in Extremadura, where median income is €18,662. The data was for 2016.

Is Catalonia richer?

Though Catalonia retained its own institutions at first, it was eventually integrated more fully into the Spanish state. Catalonia quickly became Spain’s wealthiest region—but half of the income tax and value-added tax generated in the region, along with a percentage of some other taxes, goes to Spain’s government.

Is Spain a rich resource?

The country is rich in natural resources, including kaolin, sepiolite, gypsum, fluorspar, uranium, zinc, lead, copper, tungsten, iron ore, and coal. Spain’s economic recession in late 2008 resulted in the country’s GDP decreasing by 3.7\% in 2009 to $1.402 trillion, and by 0.1\% in 2010 to $1.400 trillion.

How is Spain a rich country?

GDP per capita adjusted for relative purchasing power gives us an idea, albeit an imperfect one. Luxembourg on the left is the world’s richest country and Burundi on the right is the poorest….Advertisement.

Where do millionaires live in Spain?

The data clearly shows the Madrid province overwhelmingly dominates the wealthiest zones. Of the 10 areas with the highest income, five are in the capital Madrid, three in Barcelona and two in municipalities in the region of Madrid: Pozuelo de Alarcón and Alcobendas.

Does Catalonia belong to Spain?

Today, Catalonia remains one of the most economically dynamic communities of Spain. The Catalan capital and largest city, Barcelona, is a major international cultural centre and a major tourist destination.

Is Spain or Portugal richer?

Spain is, according to the most recent FMI estimates, the 15th largest world economy (in PPP terms), with Portugal 55th. In terms of per capita GDP (PPP) the gap is smaller, with Spain ranking 32nd and its neighbour 43rd.