Government of Sanchez Spain’s economy has been boasting for some time that its economy is growing faster than the EU average. If the timeline is extended and one looks beyond this circumstantial data, it is verified that the current administration’s economic management has left us impoverished compared to a similarly affected continent in the past four years. International distribution And the same invasion Ukraine That we
Almost all countries European union have recovered their GDP (GDP) predates the pandemic before us. In addition to this indisputable fact, there are other indicators that tell us that the management in Spain during the Sánchez years has not been successful.
He is the foremost among them Average GDP growth at current prices Between the first year of Pedro Sánchez’s government (2019) and 2022. As can be seen in the diagram below prepared by Economist LORENZO BERNARDO DE QUIROZ With data from Eurostat (EU Statistics Office), Spain is the second state of the twenty-seven countries of the European Union and others that are not part of the European Union with the least developed economy during this period: 6.6%, 4.6 points lower than the Eurozone and only three tenths higher than the worst in the ranking: Italy.
In the second parameter, the Average real GDP growth Between 2019 and 2022, we are not doing well. Spain’s economy had the slowest growth in more than thirty years, reducing the effect of this indicator below. inflammation. We climb 0.4%, 0.7 points above the euro area average and 0.9 below the average of 27.
He GDP per capita, a standard indicator to measure the wealth and well-being of a country’s residents, was another setback for Sánchez’s administration. During the years of his government, it fell by 2.6%, while everything else in the list below rose, some of them significantly.
He GDP per capita in real terms It’s even worse: it’s down 6.6% over the Sanchez years, the worst mark of all countries compared along these lines.
These indicators reflect macroeconomic data on how the Spanish economy has evolved over the past four years.
