Industrial Production Growth Analysis: Spain's Economic Shift
Classified in Economy
Written at on English with a size of 3.05 KB.
Industrial Production Growth Analysis
Developments in Industry
Stress Analysis of Industrial Production Growth from 3 Aspects:
- Respect to the Overall Economy
- Regarding Environmental Factors
- Domestic Demand Considerations
Since 1985, the contribution of the industry to economic growth has significantly decreased, reflected in its reduced participation in the Gross Value Added (GVA) at current prices concerning employment (see Table 2, p. 168). From this perspective, the industry no longer plays the central role in Spain's economic development that it did in the 1960s, when its presence in GDP increased significantly, consolidating the industrialization process in Spain.
However, this does not mean that the Spanish economy is experiencing deindustrialization,... Continue reading "Industrial Production Growth Analysis: Spain's Economic Shift" »