In December, the Economist ranked Spain first among 37 mostly wealthy countries based on five indicators: GDP, stock market performance, core inflation, unemployment and government deficits.
According to preliminary official data for 2024, Spain’s GDP grew by 3.2%, almost five times the eurozone average and more than the US, which did pretty well too.
Recent population flows, particularly but not only from Colombia, Venezuela and other Latin American countries, as well as Morocco, have boosted domestic demand and rejuvenated the workforce.
With Spanish GDP growth leading Europe last year, diversity is making us richer – not only financially but culturally, too.
The world’s fastest growing major advanced economy last year was most likely Spain.
