Andalucía now has more employment, self-employed and exports than before the pandemic

Andalucía now has more employment, self-employed and exports than before the pandemic

Space Real Estate

The region has recovered more of the GDP lost through Covid than the national average and foreign investment is one of the factors driving the economy.

Two years after suffering the most severe economic earthquake in its history due to Covid-19, Andalucía has not only recovered but also improved its pre-pandemic levels in indicators as important as employment, self-employment, exports and foreign investment. The fast pace of recovery which began last year has also enabled the region to reduce the gap with the national average in terms of GDP per capita.

Andalucía particularly stands out in comparison with other regions in growth of employment. In April 2022 there were 3,309,047 active workers, a record for that month of the year. It has recovered 350,000 jobs since April 2020 and 161,000 more than in the same month in 2019.

Unemployment in the region is also lower than before the pandemic, at 19.43% in the first quarter of this year compared with 21.08% in 2019. This is, however, still one of the highest rates in the country, nearly six points above the national average. In absolute terms, unemployment has dropped by 54,000 in Andalucía since 2019.

The number of self-employed workers has also gone up. At the end of April 566,123 were registered with Social Security and the region has led the growth of self-employment in Spain, not only in the past year, but compared with 2019. There are now over 32,000 more self-employed than three years ago.

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