Why Spain's Economy is Outperforming the Rest of Europe

[@KrlKngMrtssn]

Spain was long criticised for its massive investments in the energy sector. Now is pay check time. I'm happy for Spain

[@manuel_ao]

Thank you for that comment, my friend :) Hopefully Germany and other countries' investment in clean energy also pay off soon.

[@jordisaura6748]

People here dislike the president and he will probably be kicked out soon. The right will block all investments in renewables and tax the energy production again. So everything is like a stupid waste of time

[@GodSpeed24z]

same for the "sun tax" of the rightwing party, once it was removed, photovoltaic installations boomed

[@Permuh]

For the longest time they monopolized solar energy, where private households couldn’t install solar panels without having to PAY to get the excess energy out to the grid. Now this has been opened up for private households to sell excess energy back to the grid, incentivizing general energy export into industries. With battery tech allowing for households to self sustain mostly during night time as well, every energy consumer gets more stability

[@ElKITENAUT]

​@@Permuhto add: Until 2019 there was a "sun tax", where you had to pay for using your own photovoltaic that you also paid

[@alexpavlides2047]

It’s so fascinating to see that renewables led to better industry. Often we are told that renewables leads to more expensive energy and slowing the economy.

[@victorb5]

Depends on the geography its used in. Germany's is very expensive comparatively because of the weather and geography.

[@Minifutzi_o.O]

it all depends on laws/regulations and taxes

[@mftmss7086]

Commie porpoganda

[@BlueTigerReal]

Depends on the country

[@BulanuRoz]

then why has germany failed in renewables?

[@D1ndo]

This is just another proof that Energy is everything. A country looking to boost its economy and living standards should focus on building nuclear and renewable energy sources.

[@todortodorov6056]

Spot on! Cheap energy. In Spain, it works with solar and wind. Not so much in Germany, but we have parties insisting on make energy even more expensive - and no wonder the German economy is not doing well.

[@BlackDiamondYoutub]

Except living standards are not really improving. Just more money for the state to waste without doing much for its citizens

[@junovzla]

​@@BlackDiamondYoutub this has an easy fix called socialism

[@randommess-d5t]

Because stupid Greens closed Nuclear power plants ​@todortodorov6056

[@hugolouessard3914]

In France we have a very strong and stable nuclear energy baseline of more than half our electricity, and some renewables, but growth isn't there. Austerity is a massive problem aswell, but with the center-right in power since 2017 it's not going to change despite the fact that Macron's successive governments have increased debt and deficit like noone before (even excluding covid). We need a Keynesian kind of economic doctrine right now, we need to invest more and stop with austerity that has been in place for 16 years and has clearly not worked at all.

[@ThisTheAviator]

TLDR cycle: Why X country is doing surprisingly well -> why X country is experiencing an economic BOOM -> why X country could dominate Europe-> -> why X country is experiencing a slowdown -> why X country could collapse in the next years -> why X country is doing surprisingly well

[@cornagojar]

This channel is quite detached from reality...

[@stiofain88]

Thanks for this comment. Could have sworn I saw one of the videos saying why Spain was doomed 6 months ago.

[@randommess-d5t]

@@stiofain88 there is no such video, tldr has made many positive videos on spain, just search tldr spain

[@randommess-d5t]

@@ThisTheAviator nonsense comment, tldr has made many positive videos on spain, just search tldr spain

[@jaggmor]

@@cornagojar Then what specifically was wrong with the video? Vague criticism often means people have an emotional dislike instead of a factual one. What they are guilty of is clickbait titles though, as you see in this video.

[@spacetime3]

I hope spain can become a bigger contributor to the EU budget, without the UK we need more contributors, or larger contributors.

[@freakingemu]

The Spanish government is using that money a lot better than the union will

[@randomriku6774]

​@@freakingemuSpain is a freeloading country that doesn't contribute enough.

[@lit2701]

@@freakingemu The spanish government is using union money right now bro

[@EclipseZer0]

Spain is a net receiver of EU funds. In fact Next Gen EU funds have been more generous with Spain than with any other country.

[@adriancioroianu1704]

@@EclipseZer0 And thats a good thing given they funded a lot of infrastructure, not wasted. And now it pays off.

[@sakshamsharmahere]

Summary- More immigration, low energy costs (renewables plus lpg), labour law reforms..

[@juliane__]

And inflation was higher than gdp growth. So no plus for the people.

[@bellezayverdad]

It is not only more immigration, but immigration that is integrating fast and easy into society and the labour market due to linguistic and cultural similarities. Most immigrants are coming from Latin America.

[@DonHrvato]

Renewable energy is cheap very cheap, solar works very well in South Europe ...

[@BaronVeyer]

@@bellezayverdad This is a key point. Native Spanish speakers and a degree of EU migrants who speak fluent English, and are inclined to learn Spanish AND share a common cultural background. Let's hope Spain won't allow itself to get flooded with Middle Eastern cancer.

[@JonM-ts7os]

High quality immigration

[@dumbguy1007]

I visited a friend in Spain near Zaragoza from the UK recently and was surprised by the sheer amount of wind turbines in the rural areas, at night it becomes a sea of red lights.

[@Davidman3976]

Zaragoza is a very windy place. They are not all around Spain. But yeah, there are many. And growing everyday. It is not uncommon to see massive trucks carrying parts of those turbines on the highways.

[@ElKITENAUT]

Iberdrola, stop lighting the mountains on fire, you almost burned down my house 3 times in 2 months 😭

[@torlumian]

@@Davidman3976 Natura 2000 protected areas are windy

[@fachadolid3030]

Its zaraboina fyi

[@antonijaume8498]

Wind energy is usually over 40 % of present production of electricity and often exceeds 50 %.

[@erayagdogan3389]

GPD is a bad indicator for the average citizen. When we segment the income we can see that the top %10 income skyrocketed while the rest of us have not improved much, even worse for the bottom over decades. So GDP growth is nothing for the rest of us.

[@Americanbadashh]

Wage growth is up too.

[@Joan-kr1jo]

@@Americanbadashh But not enough compared to the increase of prices.

[@gatoooom_]

The wages are also growing, unlike other growing economies

[@thephelddagrif2907]

Gdp per capita has a very strong positive correlation with human development index. Growth in gdp per capita tends to be good for the top 10% AND the other 90%. It can be better for the top 10% but it is still good for everyone.

[@baribari1000]

As everywhere else in the world. That's what neoliberalism (reagonomics) does.

[@oskarsverdrup9906]

4:48 you made an error - Spain is not the first country in Europe to reach a 50%+ renewable energy share.

[@ambessaseway5594]

Large economy that reached 50% iceland have almost 100% but only 400k people

[@anderselvaker]

norway has approximately 90% renewable power generation.

[@adamo1242]

​@anderselvaker with a population less than London, and lots of great places for hydropower. Still doesn't count

[@danbo967]

@@ambessaseway5594 germany has reached 60% in 2022 and 70%+ in 2024.

[@ambessaseway5594]

@@danbo967 Renewable energy accounted for 59% of the country's total electricity generation, up from 56% in 2023.

[@MR.FERAL95]

As a spaniard, I had to live abroad during many many years after the 2008 crisis: first in the UK, then after Brexit in Germany and finally in Canada. I came back from Toronto a year and a half ago and I can assure you I'd have never imagined Spain the country it is today. I left in 2011 hopeless and unemployed, after a degree in BA, fluent in 5 languages and a master's degree and after searching for jobs for almost 8 months. Nothing. Now, I come back in a totally renovated country, in just 5 months I managed to open my own business, and not only that, but I also made a profit and was able to employ four people. The procedures were much simpler than in Germany or Canada and the administration did not put up any obstacles. Nowadays, I earn four times more than when I was abroad, with a better quality of life, more peace of mind and closer to my family. The only thing I believe it still has to be improved is the housing system, which is crazy. In Spain I now earn more, I pay less taxes and the quality of life is way better.

[@kewe2]

Vives en otra España distinta a mí.

[@carmenvalmalaartaraz8260]

😂😂🤣🤣

[@koriifaloju2051]

That’s a great testimonial and journey Whatever has changed, be it policy, reforms, renewable energy focus or balanced work/life, it is clearly working and looks primed for more growth Congrats

[@carmenvalmalaartaraz8260]

​@@kewe2no se a quien quiere engañar.

[@KrlKngMrtssn]

Los que se quedan atrás siempre se quejan de los que le adelantan. Enhorabuena por por tu exitosa contribución a levantar país y darle trabajo a la gente. No le hagas caso a estos patriotas de pacotilla

[@De_Nome]

I am from Spain and most of us live from one month to another so i do not really know where is that economic growth.

[@noterrormanagement]

It's the same here in Greece, it's only the corporations that gain more and more as the average person continues to struggle. That's the ""economic growth"".

[@duboisolivier619]

Honest question : Has your wages really increased ? The left in France take Spain in exemple a lot these days saying that the increasing of low wages helped boosting the economy. From a foreign point a view, i have the feeling that Spain is going opposite stance compared to the liberal politic in France/Germany/Italy focusing more on suply-side and seeing the economic growth i'm kinda thinking that it's a better path. But this is the classic opposition between Austerity and Stimulus. How do you feel about that as Spanish ?

[@MusicLusber]

The economy measures on a global scale, not personal indicators. Some people in Spain are doing pretty well, Bonanza, but most of them are people who work in IT, technology, renewable energy industry, AI technology, innovation, gas-petrol products, agro-technology, etc. If you work as a waiter, a hotel receptionist, in ZARA or El Cortes Inglés, as a nurse or a teacher, I believe things have not changed for you. And of course, a good percentage of that wealth goes to the pocket of business owners - rich people... people who were already rich. I'm from the Caribbean but I married a Spanish-French-British guy (he has 3 nationality) in London 13 years ago, and we live now in Spain. His family has few businesses, and during the COVID pandemic they struggled a bit, but after that their businesses improved and they are doing better than before... Of course, the people who work in their companies are still poor and getting their little monthly salary as agreed in their contract. Is my husband's family bad? Well, I don't think so, as those are their businesses, and they have been working hard since the 80's, saving and diversifying their products. By the way, I am poor and I have nothing, Im honest to myself. So I got to work every month to survive and pay my bills, My husband is the one who gets everything he wishes and works just as a hobby to not get bored. 😅

[@antonijaume8498]

@@duboisolivier619 Minimum wage has gone from 718 € in 2018 to 1080 € in 2023 a 47 % increase, in 2024 it was set to 1134 €, and now the government plan to set in at 1184 €.

[@duboisolivier619]

@@antonijaume8498 Yes, that is what i mean. Furthermore, considering that inflation in Spain has not been higher than other European countries. But has Spanish people really experienced a growth in their quality of life or not. That is what i am asking. Considering the inflation, i guess spending power might be stagnating in Spain when is other europeans countries it is staggering.

[@justahomosapiens1861]

Funny, you ask the average Spaniard about their economic outlook and quality of life and they're quick to say they're hardly copying from paycheck to paycheck, many having two jobs, uncertainty and grocery shopping prices being off the roof.

[@leandro6234]

anecdotes are not relevant, only macro economic data matters.

[@Alephu5]

People complain about low incomes, but I haven't heard anyone talk about feeling squeezed by the rising cost of food, utilities, or transport. It's unbelievable for British people, but I've actually seen public transport tickets costs go down, and for the past few years medium-distance commuters (~10-100km) around Barcelona have been given free journeys on the trains. You buy a ticket for 20€ and if you use it more than 10 times during 3 months you get a full refund.

[@MikeBenko]

The issues are localized to Madrid, Barcelona, Valencia and a handful of resort towns and almost uniquely driven by housing costs. It's the one serious major challenge that needs to be addressed. If the government manages to somehow get housing costs under control that perception would improve drastically. Also note, Spain doesn't actually have a housing supply shortage. There's demand and supply, there's just a mismatch between what the demand is able to pay and what the supply can realistically charge. Nevertheless, it's worth saying that the right wing opposition parties are offering absolutely nothing that would address these issues beyond vague gesturing at immigration or "feminism".

[@mikea2363]

The big numbers are good, but salaries havent kept up with inflation basically since 2008, so yeah, a lot of people are not in a great spot

[@MikeBenko]

@@leandro6234 sadly, anecdotes matter. Perceptions, based on reality or propaganda drive voting habits. Like we have just seen in the US, where despite objectively great economic data, people "protest" voted themselves into an incoming recession and trade war over the price of eggs. Note, the price of eggs have doubled since the elections.

[@fja4189]

This "performance" of the economy doesn't really translate to spaniards living better. Salaries are awful and Spain still has the highest youth unemployment in the EU. Also, there is a huge housing crisis that combined with the things I mentioned, makes young people leaving their parents house a true nightmare.

[@mikeboix3315]

Not only youth but general unenployment rate is still first.

[@madgringo9263]

Salaries in Spain EQUAL the E.U. 80% Average... From where do you take that SPANISH wages are awful.. The U.K. Spain BASHING Media perhaps ? Or IS It your Own invention.....? 😂😅😊

[@DavidSilva-l8r]

Why does Portugal is always out of the picture when talking about energy. At the moment we're literally exporting energy to Spain. There are several european countries whom produce more than 50% of it's energy from renewals. Iceland has been at 100% for several years. Do better TLDR.

[@senefelder]

Germany’s electric production in 2024 was 62% and yet it has one of the highest prices

[@Minifutzi_o.O]

@@senefelder bcz other energy sources also influence the price. and as far as I know the most expensive source is the influencer. Also the energy infrastructure that's planned is stopped by many regions who don't want the power lines in their region and then there is Bavaria who does everything to make things more complicated.

[@JSK010]

Small and poor may be the reasons.

[@rubetornabene8543]

Because y'all poor

[@Angel24Marin]

Portugal and Spain share the same energy market having the same prices and pooling all producers. Then they import/export to France or Morocco.

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[@RalphdontGAF]

But isn't Poland, Netherlands, and Ireland also doing exceptionally well? We're always told Europe is declining because the big 3, UK France and Germany, are underperforming.

[@zedtrek]

Mostly is propaganda. Europe is doing definitely well, we just need a better political system, focus on our real issue (tech, inequality) and stop listening who has interests on distract us with irrelevant issues like migration, gender and other myths.

[@alastairjamescumberpatch1097]

Time for Poland, Spain etc to pay Germany and France contributions then?

[@ambessaseway5594]

Poland not really it had record deficit 60 billion demand from Germany declined polish manufacturing seriously affected

[@jaspermooren5883]

Yeah, most of Europe is doing absolutely fine. Even France and Germany are, the standards of living are already pretty much the highest in the world for most people in Europe, and it's simply much harder to grow when you're already this advanced. But if you look at figures that actually matter, like the HDI, the top 20 is basically all EU countries. The European Union is still by far the best place to be born in the world. People that say that Europe isn't doing well are stuck in 19th century thinking where growth is everything.

[@zedtrek]

@jaspermooren5883 I agree but there are real challenges that we need to start being realistic about. The absolutely shame with reagards to US tech dominance is certainly one of them. AI, with have some European models, like in France and Italy but it's too little if we want to compete. Now with deepseek we might be able to be back to the game, let's see.

[@cornagojar]

Here in Spain nobody really noticed this economic boom..

[@franciscojesusgomezcarrera9895]

Lies

[@lorenzomarquez4616]

I think we do notice

[@celicacelica1]

Same in Ireland. Standard of living is shit.

[@cornagojar]

@ good for you my friend, here we only notice skyrocketing grocery and housing prices, while salaries more or less stay the same

[@steved2947]

When they say the economy is doing well, they mean it's doing well for the top 1%, the oligarchs.

[@Alex-ws9lr]

Hey, spanish here. The reality on the ground is that I can barely afford living as a hard worker. We are crushed by taxes, and it's worse if you're self employed like me. It's truly horrifying to see such hards workers get 60% of their salary taken away from them for meagre services and rampant corruption

[@_Tp___]

Economic growth doesn't mean increased living standards, as anyone living under a capitalist state knows whether they realise it or not.

[@comprasyaltas2772]

Tú lo que eres es tonto….pagas menos impuestos que en cualquier país europeo. Y la corrupción, a pesar del enorme ruido, es mucho menor que en CULAQUIER país europeo, incluía Alemania

[@e.o.9094]

Literally NO ONE in Spain pays 60% of their salary in taxes. Try to lie a little bit better.

[@mayagedhyt]

Hey Spanish here; no, this isn't true, this is mostly just center right/right propaganda, as a self employed person were doing just fine ❤

[@RyanArnold-v9j]

It’s not workers being overpaid like TLDR says accounts for less competitive goods. The cost of living in developed countries is high due to the hierarchical structure of companies that incentivizes profit, inducing cost cutting and price increases. The cost of living could be lowered with initiatives like social housing. The truth is that pay would be less of a problem with a less hierarchical structure of business. In capitalism, investors of public companies take a large slice of the pie, and business owners, execs and boards of directors have the incentive to reduce labor costs. Socialism, or worker ownership of means of production, could be achieved with reasonable democratic government oversight accountable to the people.

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[@djlsjllnvdimm]

Salaries in Spain are still very bad tough. Rich people making a lot of money here by paying most workers the bare minimum.

[@Commonsense-u1h]

They are on the low end, though it´s worth pointing out, that the cost of living often is a lot lower. I.e to have the same standard of living in London, I would probably need twice my salary.

[@djlsjllnvdimm]

@Commonsense-u1h This mighy be. Still I think it's a big fraud with the spanish salaries. Few people/corporations have big paydays while most work for minimum salary. Spain also is not that cheap anymore. I am from Austria. Groceries are more or less the same. Despite beeing very low, there is also just 12 salaries...

[@Commonsense-u1h]

@@djlsjllnvdimm It depends where and on what products. As for social inequality that's a problem in most places and It should be much lower

[@theactivecoconut6077]

I’m no egalitarian and think Europe is too equal, but Spain has grown significantly more equal in recent years according to the gini index

[@julians1088]

if I want to pay my worker 1,5k I must pay 3k for that. for an employee that does his hours and leave? not sustainable...

[@lukeparcell4896]

It’s really annoying how these videos only have about 5 mins of content in them.

[@ogbkballa]

The channel is literally TLDR if you want a full documentary look for another channel

[@lynxon9939]

*Quickly adds adjectives to a GDP graph* "WHO DO YOU THINK IS THE WORLDS MOST INFLUENTIAL PERSON!?!? YOU CAN FIND OUT ON GROUND NEWS USING EXPRESS VPN AND CHECKING OUT OUR SHOW ON NEBULA" The pluggs are half the video and somewhat shameless. Then by next week they will drop a video about the housing crisis in Spain. Like fucking hell, pick a narriative.

[@tangsokchev1550]

What he means is video is 9m

[@todortodorov6056]

I am OK with 5 mins. The last 2 mins about ground news I skip anyway. This is TLDR, i.e. a resume of a topic. If you have the time and want to go deeper into details, there are plenty other channels that have much longer videos.

[@tolliv3r]

It’s a 9 minute video, that’s a fine ratio between intro outro and ads lol

[@robertboss2581]

Huge fan of Spain. Visited barcelona for the first time last year and loved it. Regards from Texas 😁

[@AlejandroLopez-td6yj]

nice to know texas citizen loved my city. regards from barcelona

[@boozessc]

This was only a matter of time. The average Spanish person now aged 40 to 45 has very similar education levels to most advanced economies, and sometimes they are more travelled and have a better attitude towards innovation and new ideas Plus the country has invested way more than its peers in basically everthing important, from hospitals to roads to IT infrastructure Not everything is perfect, but this is a country that was partly left to ruins on purpose after 2008

[@iminspain258]

The economy may be growing. But I have not met a single person (nor any of the people I met know anybody) who isn't essentially going paycheck to paycheck. The economy is growing at the expense of the people. Edit: left wingers calling me a bot is the most left winger shit I've seen in my life

[@eduardonajera5459]

Another bot lying

[@iminspain258]

@eduardonajera5459 En serio solo sabéis decir "bulo" cuando alguien da información que no os gusta?

[@wiver5423]

@iminspain258 deja lo es imposible discutir con esta gente

[@Albert24346]

Right wing bot detected.

[@perrotortilla4925]

I’m doing great. Individual perceptions or experiences are anecdotal. Anything that reduces the gap between rich and poor boosts local consumption. Sanchez is the worst but in this regard they did good

[@antalito3047]

One thing I think people don’t talk about is that since the lockdown remote work become a thing and many people in Europe now work remotely. Spain is a hugely popular country to move to so basically remote workers are flocking to the country, bringing in wealth, purchasing and paying taxes. I’m a recruiter in a tech company that is fully remote and the majority of my hires in Spain - people from rest of Europe that recently moved to Spain or planning to move to the country. Moving to Spain was popular before COVID but at that time job opportunities for foreigners (without the knowledge of Spanish) was fairly limited outside of Madrid and Barcelona. With the power of remote work, people can easily get a job, live in a cheap region of Spain and enjoy life.

[@danielm.m.3900]

Tourism has stayed high but has not driven service sector growth. You forgot to mention that service sector increase is led by a sharp rise of high-value services such as consultancy, engineering and technology which is driving most of the service's growth.

[@kennethclasen2175]

GDP isn’t the best metric, hearing that the average tenant pays 40% of their income on housing is just depressing. If goods and services are artificially higher raining GDP then the country isn’t always richer, it might just be more expensive….

[@jorgyjojo3581]

Spanish here! After living in the NL for two years I came back to Spain and you can notice that here things are going better than before. Some people that haven't been out of Spain will never understand that everything is getting expensive in most of the countries and they think that Spain is always the worst economy. All of my friends here are working in indefinite contracts and they can easily change jobs looking for better conditions. That was never possible before the last years. We should appreciate that we are probably in the best macroeconomic circumstances of the last two decades. One of the ways to confirm this is looking at the messages of the opposition parties who stopped talking about economics because they know they can attack the government from that side

[@GodSpeed24z]

I'd experienced the same but in Germany for 10 years, so when Spain was in crisis by then. The change is notorious but most people won't perceive that

[@juanitoalcachofa1183]

Things aren't going better than before. With all due respect, how have you walked through a random Mercadona aisle and not notice the price of groceries getting perpetually more expensive? And it's not just Mercadona; Lidl, ALDI, and local markets as well!

[@jota4557]

Exactly, it´s the same in my opinion. I lived outside for years in Europe. Spaniards always will say that Spain is the worst in everything but we never see the comparative with the rest of countries to say that informed.

[@miguelmartinez5886]

You are absolutely right. I also live in the NL and i keep hearing from family and friends back home how dire the situation is. It's hard to reconcile the two sources of information.

[@elago98]

Sure as hell doesn't feel like it

[@vidaliam7165]

it's literally just beginning

[@HarryPujols]

Only when you get out of Spain you notice.

[@Meisio]

You guys are not living here. How do you come to these conclusions? It's unbelievably expensive everything and the salary levels are so low compared to Francethe, Netherlands or Ireland.

[@ianjones7488]

Because the rich keep everything for themselves

[@xyphoon5013]

Mainly objective macroeconomic data.

[@janickpauwels3792]

Do you live in Belgium? Things have become unbelievably expensive over here as well. Don't just think that whatever bad is happening to your country, doesn't happen elsewhere. It's not about where you are right now. It is about the direction in which you are going, and TLDR suggests that you are on the right track. Even if things got worse, maybe it got less worse than in other countries, which means you are still doing a good job.

[@Americanbadashh]

So the same as everywhere in Europe, and also in America

[@luisp1375]

Para tener una idea de lo que pasa realmente hay que hacer caso a los datos, no a las experiencias personales.

[@southyyy]

Hey, going to give my two cents on this. Although GDP may be growing, the cost of living is rising insanely quickly. Spain used to have a very low cost of living, and therefore not very high salaries. Salaries have stayed the same, but the cost of living has gone up exponentially. Living in Madrid or Barcelona is as expensive if not more than in places like London, but salaries are much lower. Also, a lot of people have said this, but the government is cheating a lot on its reporting of the economy. Many definitions have been changed, such as that for "employed" people (if you work a seasonal job 3 months a year you are now classified as fully employed), and in general the INE has come under a lot of scrutiny because its overblowing most statistics. Keep in mind, even with these wrong statistics unemployment is completely unsustainable. You also have a bunch of large companies which bring in a lot of wealth leaving the country (i.e: Ferrovial). I get that this is simply a macro analysis of the Spanish economy, and thats fine. I just feel that its worth to mention that this huge growth is occurring within the context of a hugely inefficient government. The weird thing about this economic growth is that it somehow manages to happen while businesses are being stifled and living standards are getting worse.

[@loloflores123]

Madrid or Barcelona are NOT as expensive as London. No way. Specially if you have kids and you need to pay for nursery. Plus, Public Healthcare is less overloaded and more affordable.

[@ogbkballa]

do people watch the video before commenting? Yes the economic growth isnt perfect but they point out the problems people face day to day

[@driss409]

I live in spain and most of the people I know pay 60% their salary on rent and have seen their salary increase by around 10% with prices duplicating or triplicating. This economic growth is only inflating an already HUGE and inefficient state. What's "economic growth" worth for if nobody is seeing it's effects?

[@kewe2]

I am spanish, and the economy is not good. You think is better to trust a propaganda video, but that is not reality

[@ogbkballa]

@driss409 i work in spain for a spanish company and i spend around 20-25% on rent everyone has a different story... i agree though that locations that have seen economic growth due to tourism are having a lot of problems when it comes to housing and maybe its not worth it. But the vid doesnt say everyone in spain is living perfectly and it touches on the housing crisis

[@ogbkballa]

@kewe2 i live in spain and the economy is improving not that its a top economy yet which is what the video explains... i can tell from the photo youre facha

[@kewe2]

@@ogbkballa my profile picture is the Burgundy Cross, flag of the Spanish Empire, centuries older than fascism. Es mejor ser un facha que ser un rojo de mierda.

[@narutoledo]

I'm from Spain. I don't know who are the people that are enjoying this enrichment. But us, the regular people, are not.. We cannot buy houses, we cannot afford cars, electricity and rent devours almost all our income (not only in larges cities). Say what you want, but right now, we are really screwed

[@IndependentVictor]

totalmente

[@philguer4802]

Yet I was told that electing leftists and raising the minimal wage was bad.

[@inbb510]

Did you watch the video? It's largely to do with energy costs and Spain has a massive comparative advantage with this due to their climate and proximity to Africa.

[@agapitoliria]

And that green energy was too costly and would go nowhere. I'm glad to see more and more examples on how it was the sensible policy in the past.

[@Marco-w6r3z]

Electing lefties has nothing to do with the economy doing well. That would be stupid low energy prices and massive investment from the EU via the recovery funds.

[@leotravel85]

Spain is growing despite this horrible government, not thanks to

[@joelimbergamo639]

​@@leotravel85sure, so there is no way to évaluate a gov? Left is always bad even if the country does well? 😂

[@lelandgrover-u2z]

I’m happy for the people of Spain.🇪🇸

[@cornagojar]

My guess is that GDP growth is mostly driven by immigration (more people working = more GDP for the state). But the individual Spanish citizen is living worse than in the past.

[@ambessaseway5594]

Actually if inflation is 5% and economic growth 3.5% your still in a recession in reality term

[@JSK010]

Immigration is like doping for governments: in the short-run you have more "hands" to sweep streets and wipe butts, more tax revenues to do fun stuff for loyal voting blocks and in the EU you can even borrow more money as your debt to GDP goes down. Fun times all around. In the medium-to-long run, the "hands" also have mouths to feed, need (social) housing, may get sick or pregnant so require hospitals and doctors, may get kids so ask for child care and schools, etc.

[@nilajbanerjee8982]

Well if this growth is measured in real factors which i suppose it is then its real growth then it has factored in inflation.@@ambessaseway5594

[@TheRedMooncorp]

Gdp growth is almost always depicted in real terms not nominal ones. An inflation estimate is already included, the estimated growth is beyond that.​@@ambessaseway5594

[@randommess-d5t]

Whatt, compare inflation with wage growth not gdp​@@ambessaseway5594

[@Stef.Cata051]

It is so stupid to measure an economy by gdp or gdp per capita... that doesn't tell much about how well people are doing and about inequality

[@amigodesigns]

Exactly, but that's the only metric economics seem to care about. It's like inflation measurements, usually they gave us way more conservative numbers than what it really is. But you know, economists usually don't give a F about average population, if the inequality is extreme but GDP is higher then it's a win for them, no wonder why the average citizen is struggling.

[@VladlenXII]

It's a good indicator to measure an economy, but I agree with you that it isn't that good to measure the quality of life of a population. HDI is the best indicator for that.

[@senefelder]

If gdp grows and the population stays more or less the same then the gdp per capita is also growing

[@SJokes]

Well thats why there are other measures to determine inequality and how well people are doing? Like what even is this point. This is like saying a tape measure is not a good way to measure weight. Thats what scales are for?

[@todortodorov6056]

There are indexes for inequality. *GDP Nominal* tells about the productivity of a country, *GDP per capita* about the productivity of the average person, *GDP PPP per capita* tells about the how much the average person can buy. All those are indicators of how well the economy is doing. How people are doing is a subjective thing and it is not necessarily related to the economy of a country. People can be poor and doing well or rich and doing miserably. But this is a completely different discussion and has little to do with a discussion on how the economy is doing.

[@ThomasSankaramybeloved]

"Overpaying workers" is a ridiculous statement, when CEOs make all the money and don't actually do the work

[@HarryPujols]

The CEO/Worker income gap isn’t as insane in those countries as in the US, UK and India yet.

[@julians1088]

don't actually do the work? Chief Executive Officer do more work than any other in a business. How do you think people keep the job they have? Please think

[@ThomasSankaramybeloved]

@julians1088 Without workers, nothing would ever get done, nothing cleaned, nothing built, nothing driven, nothing farmed. A CEO twiddling their thumbs in a stuffy office away from the actual workplace doesn't add anything to the company

[@Nasrudith]

@@ThomasSankaramybeloved Something tells me you haven't exactly been in the earshot of board rooms.

[@Daughterofminerva]

Lots of people here in the comments are saying that the growth of Spain's economy is fake because it is all because of Next Generation EU. I am italian. Italy got even more funds than Spain from the Next Generation EU program but our economy is stagnating as usual. In the last trimester our economy has grown of only 0,5% , and as usual our growth rate per year is around 1% . A 1% growth is not economic growth, is stagnation with a nicer name. So if Spain's economy has been growing of 3,5% per year this trend cannot be explained just with Next Generation EU.

[@dickson9877]

I wonder how it happened that you are showing Q4 2024 GDP growth rate. There is Portugal and Lithuania but Poland is missing. Would be cool if you could collaborate on the choice mechanism of this.

[@pep-qew]

He's talking about eurozone, Poland use Złoty so we are not a part of eurozone.

[@GodSpeed24z]

It's about euro countries.but still no recent data for Poland, it takes longer, don't know why

[@modadv.s8992]

I low key want to move to Spain and I chose Spanish to learn and grew acquainted with their culture. Good to hear that Spain is thriving

[@DeanFWilson]

Immigration, renewable energy, and worker rights. All evidently good for a country's economy, despite what some might say.

[@jaimedelajarahernanz846]

Yes, energy and renewables are our strong suit, though there is more to it than we should talk about. Even if renewables have been growing steadily (even before Sánchez btw), the dependency on Russian gas has increased and with plans of taking out of the figure nuclear energy (which is not as bad as people say it is), could only increase that Russian gas dependency that I just mentioned. About worker rights... This is just political propaganda. The 2022 labor reform was basically about prohibiting several forms of temporal contracts, which were just transformed into intermittent open-ended contracts that did nothing to reduce temporality in actual working days (so no luck on that either). And yes, we are growing, but as the weak economies of the OECD which has still the biggest unemployment and youth unemployment rate of Europe. If you ask Spanish people, not much has changed in the last years with Pedro Sánchez, only that he sees himself as the protector against the populists right (even if he is acting just like a populist 😅😅😅)

[@marneus]

The PM already said he is not going to raise the spending...

[@thompsonnoel]

@jaimedelajarahernanz846 Those intermittent open-ended contracts mean that jobs that used to be temporary like for example jobs in the hospitality industry that only exist during the summer now have to guarantee a return every summer to increase workers stability in employment. It's to correct the employment temporality that made the spanish economy so unstable and the workers have less job security. Of course there are some people who benefit from workers who have less job security, but for the workers themselves it increases their purchasing power. Pedro Sanchez has been very good for the Spanish economy, but his biggest issues are the housing crisis (which is the single biggest issue right now, it killed Jacinda Ardern's New Zealand government even if their economic metrics were good), funneling the GDP growth into the pockets of workers by successfully redistributing the wealth created and lowering the costs of basic food products. By lowering the price of transport or regulating the price of energy, for example, what the government has done is improve the purchasing power of spanish citizens. He is not doing a bad job, just not as good as he should.

[@MB-em9ek]

We know the effect of immigration in Europe... No, Thank you!

[@_ata_3]

Countries bailing on renewables and Spain is setting the example that these are not the problem. In fact, they are the solution for Europe.

[@ayax2134]

in spain there is no economic boom. we are staignated since 2008.

[@loloflores123]

Ehm... nope.

[@DannyBBom]

Unless I missed it, the claim that Spain's labour reforms boosted employment are not substantiated in this video. How do these laws compare with that of Germany and France, who are also known for having very strong employee rights? Correlation ≠ causation. The uptick in employment and growth coincides with the fall in output in France and Germany, widely attributed to skyrocketing energy prices in those countries.

[@gdf_6c]

This part of the video is confusing, but the claim is that scrapping these laws is what made things improve

[@javierzurera986]

If I understood it correctly, they said the labor reforms gave Spaniards more purchasing power boosting consumption wich, in turn, boosted employment.

[@KrzysztofBob]

I know that's the issue in Germany, but I thought France's energy costs are comparable with Spain, Sweden or Portugal. Or am I wrong?

[@AlibabaAndTheFortyThieves]

The guy is obviously a leftie. Without the labor reforms, the growth could've maybe be even greater. How could anyone make a claim that making life harder for business is actually gonna boost economy? He obviously just trying to promote his leftist ideology.

[@brianjonker510]

Europe would be better economically if France allowed a direct NG pipeline & an HVDC connector from Spain across France to the industrial centers of Germany.

[@univeropa3363]

Or if we stopped being idiots and bought from Russia again.

[@Davidman3976]

Yeah, France is a great country, and an OK neighbour, but they are constantly stabbing us in the back with a spoon. It is not cool, really.

[@bernardkiljanski4312]

Spain's economy is just recovering from the lock-down recession.

[@benonytbe]

Well, people are not enjoying this GDP increase at all, salary being the main problem. Getting excited about GDP is no sense in 2025. Been living in Spain for 8 year.

[@Albert24346]

The unemployment rate has gone down significantly in the last 8 years and the minimum salary has gone up too, so I think you're wrong.

[@carmenvalmalaartaraz8260]

​@@Albert24346inflation has skyrocketed in 3 years, Spaniards are poorer now than in 2020.

[@marcvb3364]

@@Albert24346 Median salary is still far below 2008 levels when adjusted for inflation, and a larger % of the workforce is on the minimum salary than ever before, so I think you're wrong.

[@Albert24346]

@ Spain comes from a huge crisis, in 2012 there was 26% unemployment rate, and the minimum salary was around 600€. Today minimum salary is around 1150€ and the unemployment rate is 10.6%, so you're definitelly WRONG.

[@joaquin.5692]

@@Albert24346the point that you care about minimum wage is a sympthom of how fucked up we are.. there’s no room for improvement

[@Kiyuja]

I think much of the issue in Germany is how pricing and infrastructure is done in general. The north of Germany actually has built a lot of renewable energy sources, contributing to the almost 60% of demand being saturated by it. However, the south did not and all people are essentially brushed with the same stroke, Germans dont have "dynamic purchasing" of electricity, unlike Skandinaviens, making Germans way less flexible with energy. Germany desperately needs a reform of that archaic system, which could also put less strain on the power grid.

[@EclipseZer0]

Highest uneployment and youth unemployment rate, 3rd highest poverty and 2nd highest child poverty rate in the EU. These went worse ever since Sánchez came into power btw. But Spain is doing great!!!

[@Minifutzi_o.O]

well corona definitely wasn't his fault. and the war in ukraine also caused lots of inflation. so don't push everything on him.

[@macuma5533]

But, none of that is true?

[@agapitoliria]

Child poverty is indeed extremely high in Spain... and has been for decades, it has been improving in the past years, so yeah, go tell that one to Rajoy.

[@EclipseZer0]

​@@Minifutzi_o.O where did I say Covid and Ukraine was his fault? All I point out is that poverty and unemployment in Spain, relative to EU standards, is doing badly and actually worse ever since Sánchez came into power. 34.7% child poverty rate, for example, which is only below Romania.

[@Albert24346]

@@EclipseZer0 Right wing bot detected.

[@Fierro99]

The ad in the end has a part where it repeats itself. It's when you say: It tracks my reading habits... 8:30

[@samo1006]

it tracks my reading habits

[@jigolocana7492]

So this is basically a Social Democratic Party done right. A competent centre left which most social democratic parties in europe at the moment is not.

[@Joan-kr1jo]

No, you just don't have the full info. It is a corrupted party on a corrupted political system. And if you do not belive it, just look for the corruption cases that the government is involved with.

[@MegaKR]

I mean PSOE has lost lots of approval especially because of Pedro Sanchez

[@EclipseZer0]

Hence why they are doing so great in the polls...oh wait.

[@Commonsense-u1h]

@@MegaKR Because like in every country, there are people who don´t live in reality. Instead of caring about whether they´re more likely to get a permanent job, they´re more likely to whinge and whine about Catalunya.

[@WoodsLeader]

Definetly not a Social Democratic Party done right

[@aurelspecker6740]

It is so funny, that "high growth" at "high immigration" is always presented as a surprise. It is long proven and clear that immigration CAUSES high growth. And as long as it doesn't provoke a system collapse, it is good for the economy. We NEED immigration, to even out our demographic cliff. And we can be super thankful, that Europe is one of the region with the highest attractiveness.

[@Reonsi]

You guys just read what the official data from Spain is given. Employment data includes now people that are called to work from time to time, but don't have an actual consistent pay or shift. So, by changing employment definitions, we suddenly solved unemployment /s

[@ianjones7488]

Spain has always included figures that other countries don't

[@Albert24346]

You're wrong, the unemployment rates has not suddenly gone down thanks to a law, but consistently going down, and besides, Spain never had 21 million people working before 2024, and the peak of contributors in 2024 was 21.83 million. So that's real people working and paying their taxes, you can't fake that.

[@AgusSimoncelli]

So the ppl you described shouldn't count as employed? I am an electrician and i work whenever a client needs me to work, it can be 10h for a whole week or 1h at 2AM on a Saturday. I definitely have no consistent pay or shift (not saying that's a great thing), am i unemployed?

[@AgusSimoncelli]

A more common case, are delivery drivers for apps like rappi, uber, etc, unemployed?

[@kewe2]

​@@AgusSimoncelli The problem cames when comparing old statistics (that considered unemployed more people) with this new ones, obviously it is not that 'the employment is going up' they just changed the way the statistic is made. The government did that just to lie.

[@henrythemfkr]

8:30 it tracks my reading habits it tracks my reading habits it tracks my reading habits it tracks my reading habits it tracks my reading habits it tracks my reading habits

[@Abdullah_the_Palestinian]

Greetings to Spain from Palestine. We will never forget your support.

[@misterlinux9290]

"nah bro, they have a special type of migrants not like THOSE that we got in our country" 🧐

[@jeff__w]

4:54 I love that shot of the wind turbines right alongside what I assume is the LNG processing facility. (Is the facility using wind power to process the LNG?)

[@jorgevadillofernandez]

As an Spaniard our economy is doing horrible…. This video is just nonsense

[@fachadolid3030]

Xq a ti t vaya mal, no significa q al resto también

[@Kasparth]

Look at the public debt from 2018 onward an you will understand how Spain is "doing so well", when you are going into debt in historic numbers are you really a strong economy or you are just cheating to get nice gdp numbers screwing over the future of the country? We'll see if the gamble pays off.

[@joancollmir5207]

Dest TLDR team, As a Spanish citizen I'd recommend that you should take the economic metrics with a pinch of salt. Behind this impressive GDP boost there is nothing real, tangible or secure. The increase comes due to the skyrocketed increase in debt that this "wonderful communist" has done. The wages are stagnating, the taxes have increased up to unbearable levels, the bureaucracy is infinite, most people can't make ends meet, we are closing Nuclear power plants and we will regret it afterwards... The list could go on and on. Have you considered creating teams in relevant countries that you have interest in order to being able to cover the current political situation more in depth?

[@e.o.9094]

"The increase comes due to skyrocketed increase in debt that this "wonderful communist" has done". Spain is actually reducing its national debt since 2021 (it will be under 100% of GDP by 2026) and salaries are finally growing strongly... Try better next time to spread your anti left-wing propaganda

[@SimonTmte]

I doubt closing nuclear plants will be regretted in Spain, you've got the best conditions for renewables, a lot of hydropower as well, worst case there's reliable electricity to be imported from France, those nuclear plants in Spain are of a type that is made to operate for 40 years with an extension to 60 years, when they're being closed down they've operated for around 45 years, even paying for further extension is dependant on feasibility, if it's in a relatively good condition or not

[@joancollmir5207]

@SimonTmte it will, we have heated debates about it. Why should we import energy from France when we can produce it ourselves at a lower price? I do not mean I want to reject renewables. As you probably know any advanced society consumes an unthinkable amount of energy. Thus, you need a solid , reliable source that will never stop aka nuclear energy because it's green and it's safe. Furthermore, saying Spain has the best conditions for renewables means you actually don't know that we also have crude winters here, winters in which we a high pressure area over us in which there is not enough sun, wind or hydroelectric energy to sustain the demand. Moreover, the marvellous Communist government we currently have, has started to dismantle a series of damms that could have been used as a hydroelectric energy source. Their argument, it is because nature was like this before 😒😒😒

[@user-nh1lg7vg3g]

i do like holidaying in Spain, but good to hear they're economy is growing

[@lv3609]

Ohh, I’m sure the other guys VisualPolitik or VisualEconomik will come with a retort

[@mckiwen]

Those guys have basically 0 idea of what they talk about, They've been predicting s catastrophic crisis both in Spain and China with 0 accuracy.

[@EclipseZer0]

@@mckiwen so China has no deflation and no housing bubble, right?

[@Ajani_the_Great]

5:27 what a smooth bar transition, we got a power point hero right here!

[@berndhofmann752]

You are totally right! Spain has many chances at the moment! To me as a German international consultant it is fantastic. While my country is in decline and i see no quick changes. Alas!

[@Josep-j6h]

Question: why is Spain/Portugal not better connected to the European electricity grid? I guess all Europe could benefit from this.

[@ogbkballa]

The point of the video is spains economy has improved a lot. Not that its the worlds best economy for everyone in the comment section.

[@Merkaba85]

Spain was not the first European country to hit 50% renewable energy at all. Norway, Iceland and Denmark all have way more and hit 50% way earlier. And several other countries did as well.

[@colincampbell4261]

But is Spanish youth unemployment still high, it was at about 20% - 25% a few years ago.

[@sxxrpientes5512]

yes, was the second highest in Europe (Greece was first), now Spain is number one.

[@osasunaitor]

yes, and as a result the age of leaving parents' home is ridiculously high, like 30 years or so. And the birthrates are logically plummeting. It doesn't look as bright as this video makes it look

[@victordb1577]

@@sxxrpientes5512 Funny that we are still number two, after Sweden that surprisingly has now 25% of youth unemployment

[@sxxrpientes5512]

@ por lo que puedo encontrar, a pesar de que suecia ha llegado a picos de entorno al 23%, nunca ha llegado a superar a España, la estadística más reciente que encuentro es de Euroestat, Noviembre 2024, y va en este orden: 1. España, 2. Rumanía, 3. Suecia.

[@victordb1577]

@ en verano Suecia estaba por delante y ahora Rumania ha adelantado a España

[@ArkadiBolschek]

Is there a way to enable Spanish subtitles on this video? I'd like more people in Spain to see this! ^^

[@amirmaner]

Despite no jobs and people can no longer afford to live, people will be lining up to live off the government. Acquiring $63k monthly is indeed a blessing.

[@misoartsy]

Where did you get that figure from?

[@amirmaner]

Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency,stocks,through the assistance of my discretiotnary fund manager, Amelia Naik

[@MarkGuller]

Wow I know Amelia Naik. Her platform maintains a unique perspective and is very transparent with their investors. Regardless of whether or not she outperforms. I will forever stay invested!

[@lienhenderson56]

Same here I have made more than 90k God bless MRS Amelia Naik. God bless America🇺🇸

[@gbrunal9662]

I’m not here to converse for her to testify just for what I’m sure of, she’s trustworthy and best option ever seen.

[@Rawr1752]

Wow, it's like renewable energy is a good idea or something.

[@kukuruyo5994]

The answer is it isn't. Spain's government just manipulate numbers to the outside so it seems the economy is strong, when it's just a combination of slowly coming out of incredibly bad recession numbers or using the increase in temporary employement in the summer for tourism, etc. If you ask economists inside Spain they'll tell you how fumbled this numbers are. If you ask the population they'll look at you like you're crazy because everyone is living worse and prices are higher, especially on energy which makes the energy statement in the video quite ludicrous. I mean the Spanish government literally charge you money every month for installing your own solar panels. The idea that Spain has invented in clean energy is just laughable. It really saddens me how all of these videos are done by outsiders who rely in official propaganda numbers that don't reflect what happens in Spain at all, and make people think we are fine or even some kind of miraculous super power when that's very far from the case. I would advice you to directly ask Spanish economists like Juan Ramon Rayo if you want to talk about how Spain is really doing.

[@nouhowlmao2809]

Does the government really lie that much? It sounds like just another case of western countries only caring for gdp growth while it all goes to a pair of Ceo's pockets that don't benefit the actual population

[@matiashall1758]

Correction at 1:20 - the graph you shows does not show that the economy grew by 3.5%, it shows that GDP in Q4 2024 was 3.5% higher than Q3 in 2023. Growth in 2024 as a whole can both by higher or lower than 3.5% EDIT: You repeatedly misquote the year-on-year(yoy) by quarter growth chart as yearly growth, which is by no means the same! 2:50 you write month on month change but your graph is yoy by month change

[@aguspuig6615]

Im from Spain and im not hopefull, the government of my province decided to refuse the construction of a big AI data center because it ''endangers workers and spends too much energy'', we are gonna be left behind as things progress, like it always happens, well have to catch up later as we always do

[@GodSpeed24z]

AI data centers need a stable nuclear reactor or similar connected, once build, the minimum circular economy makes the whole thing negative to the region. In some cases can do really good things, but it's not that happy flowers they tell you, as EV and others.. there are positive/negative nuances

[@FGGiskard]

Another reason is that Spain spent all the post covid eu funds in very short time, that is why the macro economy is doing great but families are not better off that 4 yrs ago

[@Ali-hasToRun]

Once again socialist policies that help the common people improves the economy. Common W socialism

[@caseclosed9342]

I work with a guy named Pedro Sanchez, I always joke that I’m surprised being PM of Spain doesn’t keep him more busy…

[@bingo737]

What differs Spain and other european countries. Spain can solve their demographic crisis whenever they want by importing millions of spanish speaking catholics from Latin America, while maintaining their culture and stability. This is an enormous privilege that no other country has.

[@amirhosseinhosseinzadeh7627]

France has many ex colonies that speak French as well

[@imhassane]

@@amirhosseinhosseinzadeh7627 Mostly Muslims though and France has done a lot of damage in these countries so they are not trusted anymore. I think there will be a halt in cooperation with France for other countries. It is already happening actually, France has been kicked out of many of these countries for bizarre behaviour and unfair deals.

[@bingo737]

@amirhosseinhosseinzadeh7627 Those are black africans that can never become a part of the french culture, no matter what. Lets be real. France is divided and will be in a civil war soon. Mostly beacuse muslims will vote for their own parties and leaders.

[@Mpl3564]

Portugal.

[@enricbf8475]

Latin American and Spanish cultures couldn't be any further apart. It's actually quite a cultural clash and isolated social circles have been created. Please note that regardless of it's reputation, Spain's population base is not a very religious or conservative at all anymore

[@olgatito44778]

The current economic growth is largely driven by government investment, funded by taxpayers, so it’s not genuinely organic growth. It’s artificially propped up, undermining household economies and reducing the purchasing power of most people, which means Spaniards don’t feel the benefits - and that’s the core issue. Additionally, the reported decrease in unemployment is misleading. The law has been adjusted to classify temporary employment as permanent, meaning you might have a 3-month contract, but five months later, you're not working or getting paid, yet the contract still shows as active. This manipulation allows charts and surveys to inaccurately reflect you as employed.

[@jaime3579]

Many Spanish analysts are saying that this is a fake feeling of growth, while debt keeps growing and the average Spanish family is getting poorer. Very little I trust your analysis.

[@hellomycating]

It's literally the European Commission, not "their analysis" 😂😂😂

[@eyvindjr]

Youth unemployment is going down, though.

[@ianjones7488]

The EU figures, sweetheart. Wealth remains with rich as always whether the PP or PSOE are in charge. What Spain needs to do is enforce fair wages and make sure employment rights are respected.

[@MoonAisPad]

@TLDR Could you add subtitles for different languages? At least for the EU News. This news will definitely interest Spanish people, for example. Thank you for the hard work! ☺

[@EclipseZer0]

Oh boy, I can't wait for TLDR to drool over Pedro "Cool Guy" Sánchez yet again.

[@colmanlopez4050]

Where did the prices from 5:12 come from? i just checked and it says theyre similar to UK ones and almost double those of France.

[@roauch1245]

As a Spanish person, I like to see this kind of thing, but this economic growth is not distributed well. The cost of living has practically doubled since 2008, but salaries have only risen by around 10% in real terms. This makes us the third poorest country in Europe whit a 25% of the population in a situation of poverty while around 40% cannot afford an unexpected expense without going into debt. I don't think Pedro Sanchez's government is doing well, and I don't think the opposition is any different Since it took us 16 years to reach the GDP we had in 2008.

[@Albert24346]

Spain had 1.1B GDP in 2008 and it's 1.6B now. You don't know what you're talking about.

[@EclipseZer0]

@@Albert24346 inflation? Population growth due to immigration? That extra 0.5B being distributed among more people and not accouting for inflation? Real salaries are the same as 2018, this is a proven, studied fact. Now remind me how anyone that doesn't bootlick Sánchez is a right-wing bot.

[@wiver5423]

@@Albert24346 bro general iflation

[@mashucha]

Spain is in a perpetually loop of being one step from collaspe and unimaginable prosperity

[@lahabitaciondelatrapado4621]

Far from it And the labour market reform didn't change anything substantial from the previous reform other than changing the way unemployment is measured. Now you have people unemployed, sitting in their home with a government subsidy but they count as "fijo-discontinuo" employed

[@ACSCx]

That's not true at all, those count as unemployed when they're not working and they don't get any money so idk what you're talking about but don't misinform.

[@thompsonnoel]

For the international audience, "Fijo discontinuo" means that jobs that used to be temporary like for example jobs in the hospitality industry that only exist during the summer now have to guarantee a return every summer to increase workers stability in employment. It does not mean, in fact, you sit at home and receive a government subsidy. It's to correct the employment temporality that made the spanish economy so unstable and the workers have less job security.

[@Albert24346]

Thanks for your right wing propaganda. Can you tell us when did that supposed law about the new measurement start? how much difference did it makee in the unemployment rate? No, you can't, because that didn't happen.

[@EclipseZer0]

@@ACSCx accusing others about missinformation when you don't know how "fijo-discontinuo" contracts work and count is pretty stupid. They DO count as employed all year through, as long as their contract remains, regardless of how much and when they work. It's been calculated that there are rouglhy 750.000 "fijos-discontínuos" that aren't really working, which would push unemployment from 10% to 13%.

[@MrMatt135791113]

Daddy Sanchez honestlyyyyyyy

[@thehawik]

As a spanish citizen all numbers look good... on paper right? - Most of the government is accused of corruption with various judicial procedings underway. - Taxes are higher than ever - Debt is higher than ever - Unending growth in the pension system makes it look bleak for the youth in this country - Most cities like Barcelona are in the top in unsafety terms due to the uncontrolled immigration - Youth unemployment is down but wages are 1200€ a month, if it reaches that. - Law system is being overridden by politics and the president interests. Am i missing something?

[@kaiser3626]

Just one exceptional year are not going to solve all our problems. We need more years like that, and I see it very difficult to achieve. Spanish economy is not so strong.

[@todortodorov6056]

"Taxes are higher than ever". Unless you pump oil or dig gold, if you want the government to provide services, you want healthcare, you want pensions etc., you pay taxes. Just ask Denmark, Sweden, Belgium, Germany etc.

[@yassinazarkan4207]

​@todortodorov6056depends, government is inherently less efficient than the free market, I think a good balance is what should be strived for but this depends on personal political opinion to be fair.

[@sergioloo_]

​@todortodorov6056 Then come and pay the taxes, you genius. If you are from Spain, I'm guessing you managed to get a decent salary, didn't you?

[@ceri091]

As a Spaniard, numbers look better than reality, but.. - Not only government, but opposition and police, and yes, something really needs to be done, though it is very unfortunately nothing new to Spain… - I must admit I haven’t seen a change in taxes, maybe that is because I haven’t earned much more than the minimum these past years, but they did want to raise the minimum level for taxes and that didn’t pass in congress… - Debt is higher?... Higher compared to when? - The future is definitely glum, seeing as though we have an ageing population and Spaniards aren’t really having more children nowadays (I know there are a lot of factors and not even the opposition has addressed them). One little-known fact that most of my fellow citizens seem to miss is that the population of Spain has actually slightly grown since the financial crisis. In great part thanks to migration from other parts of Europe and the world. We are very lucky to have people who are willing to work their ass off to pay for our retired folk. - From what I hear, Barcelona is terrible, yes. But nothing compared to most big tourist cities in Europe. It is what you get if you don’t have enough funding for the police and social services, and you have a high concentration of people (tourists in particular). - Unemployment is down in general (though still very high in comparison with the rest of Europe), however 1184/month take home is the minimum wage in 14 pay instalments per year (no income tax on minimum wage). Usually, you would earn upwards of 1323€/month (minimum wage in 12 pay instalments) and we are very lucky that the current government did hike the minimum wage up from 735€/month in 2018 (yes... 735€...), something that PP (opposition party) argued strongly against because they said it would be catastrophic for the economy. I have lived in countries were they haven't increased the minimu wage, Portugal for instance, and they are in dire straits. I think the government are on the right path in this regard, and I hope they keep raising it bit by bit. - Yes, partisan politics blocked the renewal of the supreme court justices (something that should have already happened years ago by law). It is a shame how everything in Spanish politics is us vs them. If PSOE or Podemos suggest something good, it is automatically wrong in the eyes of the opposition. If PP or, god forbid, Vox suggest something good, it is also automatically wrong. We have been suffering this partisanship for many years now and it has to stop.

[@LCTesla]

Spain has a relatively bright future among European countries, able to amply benefit from solar power as its cost per watt keeps halving, and able to draw in immigrants from the Spanish speaking world that effortlessly integrate. Honestly I might migrate there from Netherlands. the weather is a big incentive for a start.

[@trykksverte]

*First European country except Norway and Switzerland. EU country would be better.

[@Abrahamos]

More renewables means a better environment & it means cheaper energy for consumers, even though the investment is expensive, it's returns are more astronomical

[@AlexWest10]

For two reasons: Immigration and government consumption. In the last two years, Spain has had a net migration of more than 1% of its population (727k in 2022 and 642k in 2023). Investments (Gross Capital Formation) and private consumption are at 2019 levels. So for the ordinary citizen, not so well.

[@Just_another_Euro_dude]

UK is having either similar or even bigger immigration yet it's in a literal RECESSION.

[@oct.s.p.6242]

Brilliant 👏 I live in Barcelona and that's the general perception 😢 more workers but lower quality jobs and temporary jobs

[@Just_another_Euro_dude]

@@AlexWest10 UK is having either similar or even bigger immigration than Spain, yet they are experiencing the recession. Maybe cause they are out of the EU?

[@AlexWest10]

​@@Just_another_Euro_dude As far as I can see, UK exports have suffered. Spain's main export (tourism) is still growing. Also, bear in mind that Spain is poorer and has a much higher unemployment rate (11%), so there is still room for growth.

[@comprasyaltas2772]

Ojalá pocos se enteren lo bien que se vive en España….

[@deebarnard5439]

I can't see how it's even fair to compare Spain with the USA given the immense difference in size. The total EU should be compared to the USA.

[@Gewehr_3]

That would reflect really badly on the EU if you did.

[@rickgarland1278]

could you do a similar review of how Greece is doing?

[@EclipseZer0]

No, because Greece is governed by the Right, and thus they don't like it. They are Sánchez fanboys, hence why they make this video, which was already done a couple months ago.

[@danielprosen2932]

This analysis has several things wrong. Poverty risk has gone up significantly in the past years. Millions of young, educated workers have gone to other countries because of low wages and high taxes. The employment reform they mentioned has given the government the capacity to consider as employed a person that works just for 3 months of the year, a concept know as "Fijos Discontinuos" or "Fixed Discontinuous Employee". Also, Spain is getting between 6-10% of their GDP in Next-Generation EU funds. That coupled with massive immigration makes it rather easy to showcase some level of economic growth. Time will tell, but it is not as good as these people say it is.

[@kaiser3626]

It is just 1 good/exceptional year, you can't change all of that in 1 year. If you have 10 or 20 exceptional years, then yes, it would change things. But this is not going to happen, Spain economy is not so strong.

[@someguydidthis1259]

who would've thought that it would be "rather easy to showcase some level of economic growth" but impossible to acknowledge macroeconomics indicators except when your preferred party is in power.

[@danielprosen2932]

@@someguydidthis1259 there are no preferred parties. Spain has structural issues and no single party has a plan, nor intentions, to fix them. Indicators can sound good when used arbitrarily and without analyzing the whole picture.

[@danielfsmoreira89]

Portugal is doing great btw! Not that bad for a small economy based on services and tourism.

[@bfedezl2018]

Part of the perks being inside BRICS!

[@auroraperson884]

We're not in BRICS, though!

[@_monti142]

Clown

[@ivanvalkanov]

Spain isn't in BRICS..?

[@Deducklo]

​@@auroraperson884It's a jab at trump as he said Spain was in BRICS.

[@agustinlopezcarrasco5894]

It is a sarcastic comment. When Trump was asked about Spain, he mentioned the country was part of the BRICS block, thinking the S was making reference to Spain.

[@niklas46810]

It is called catching up. Spain stagnated for a decade durign the euro crisis and GDP per capita is still significantly below central Europe.