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The Economy of Catalonia

the_economy_of_catalonia._questions_and_answers_on_the_economic_impact_of_independence

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egion in volume <strong>of</strong> inward investment, which reached nearly<br />

3,000 million euros according to FDI Markets data.<br />

– In terms <strong>of</strong> jobs created, there was a spectacular increase in its share,<br />

with <strong>Catalonia</strong> managing to practically double its share, up from<br />

2.95% to a total <strong>of</strong> 5.39%.<br />

– Finally, there was also a considerable increase in the number <strong>of</strong><br />

companies, <strong>of</strong> over 90%.<br />

More recent data consolidate the clearly positive trend for the period<br />

2009-2012, which would cast doubt on the prospect <strong>of</strong> any negative impact<br />

on economic activity in <strong>Catalonia</strong> arising from the internationalisation<br />

<strong>of</strong> the secession process. Thus, on the basis <strong>of</strong> the figures, the said<br />

process can in no way be considered as a negative input for the Catalan<br />

economy. Again according to FDI Markets, in the first six months <strong>of</strong><br />

2013 <strong>Catalonia</strong> attracted the second-highest volume <strong>of</strong> productive investment<br />

<strong>of</strong> any western European region, with nearly 2,000 million<br />

euros, only behind the south-east <strong>of</strong> the United Kingdom and ahead <strong>of</strong>,<br />

for example, Ireland, the south-west <strong>of</strong> the United Kingdom, the west <strong>of</strong><br />

the Netherlands and the Madrid region itself; and ranked third for job<br />

creation.<br />

Finally, it should be pointed out that the data included in this section are<br />

borne out by various rankings <strong>of</strong> international standing published over<br />

the last year:<br />

– <strong>Catalonia</strong> came second in the 2012/2013 FDI Intelligence “Top<br />

25 destinations for FDI strategy,” ranking;<br />

– Barcelona came top in the 2012/2013 “Top 10 Southern European<br />

cities <strong>of</strong> the future,” ranking also by FDI Intelligence;<br />

– Barcelona came in third place in the 2012 Cushman & Wakefield<br />

“Familiarity as a business location” ranking.<br />

Conclusions<br />

This chapter has reviewed the foundations on which the Catalan economy<br />

rests and which give solidity to its claim for a meaningful role in the<br />

international context, despite the inherent limiting factors in terms <strong>of</strong><br />

<strong>The</strong> position <strong>of</strong> an independent <strong>Catalonia</strong> in the international context 27

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