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Only Joe King

A light-hearted look at life in Andalucía and Spain in general. Its good points and its bad. This blog doesn't pull any punches.

Best economy in Europe?
Tuesday, January 31, 2023 @ 3:29 PM

By Only Joe King

Which European country has the most successful economy in Europe at the moment? Germany, France, Luxembourg, Switzerland, the Netherlands, Sweden? The UK, following a successful Brexit? Ha, ha, ha!!!

Nope, amigos míos, it’s SPAIN!


Economic growth

According to the latest figures, in 2022, Spain had the highest rate of growth among European nations, at 5.5%.

At the other end of the league table, in bottom place, below Russia, is that newly independent offshore island, the United Kingdom, despite all the advantages of Brexit

Russia is in a self-inflicted state of chaos, brought about by the illegal invasion of Ukraine, yet their rate of growth is above the UK, despite draconian sanctions, economic isolation and secuestered bank accounts abroad.

Spain has achieved this mark despite the challenges posed by the war in Ukraine, Covid-19, the energy crisis, supply problems, inflation, the rise in interest rates and the global slow-down.

Not to mention domestic issues such as the Catalunya question, the pardoning of Basque terrorists, domestic violence, abortion, VOX, Morocco, Solo sí es sí, strikes and the ongoing Covid-19 threat.

Yet prime minister Pedro Sánchez is pilloried throughout the land, even in former PSOE strongholds like Andalucía. He is not expected to form the next government after the general election later this year.

Despite being regarded on the world stage as statesmanlike, Sánchez is clever, charismatic and good-looking, with his command of English, French, Italian and Portuguese. Unlike his predecessors Mariano Rajoy, José Luis Rodríguez Zapatero (nickname Mr Bean), José María Aznar and Felipe González, who were mono-lingual when in office, and his presumed successor Alberto Núñez Feijóo, who is about as charismatic as ….. Sir Keir Starmer ….. and who speaks only castellano and gallego, surely a serious disadvantage for a senior politician nowadays.



So, well done, Spain! The future is looking promising with the return to pre-pandemic tourism levels.


Population growth

Alongside this economic growth, the population is also growing with a surge in foreign immigrants moving to the country. Spain is now home to more inhabitants than ever before. Census data published this week by the National Institute of Statistics (INE), puts the number of people registered as resident in Spain on January 1st 2022 at 47,475,420, a historical high, and 90,313 more inhabitants compared to the previous year (a 0.19% increase).

The increase in population is mainly due to a rise in the foreign population, which increased by 102,784 people to 5,542,932 people and now accounts for 11.7% of the national total.

In Málaga province alone in 2022, the population grew by 5.3%, ie 14,343 people. In the province of Málaga, foreigners now account for nearly 17% of the population, although in some municipalities the numbers are much higher.

In Benahavís 60% of the population is foreign, in Cómpeta and Sayalonga over 40%. In Fuengirola 37%. In Manilva, Nerja and Torrox the proportion is above 35%. One third of the population of Mijas is foreign.

Of these recent newcomers, the most are British (despite or, more likely, because of Brexit), followed by immigrants from Italy, Argentina, Germany, Russia, Colombia, France, Venezuela, Morocco and Poland. The total of registered British residents in Malaga province is over 56,000. From Morocco there are over 33,500, Italy 14,400 and Germany 9,500. Poles are relative newcomers and number 2,300.



With the Andalucia regional government offering tax breaks for foreigners who invest in property here, these numbers are likely to increase in the near future.


© Joe King



El País

INE (Instituto Nacional de Estadística)

SUR in English



Further Reading:

HOW TO ….. BUY A HOUSE by The Crazy Guy  


Tags: Alberto Núñez Feijóo, Argentina, Benahavís, Brexit, Colombia, Cómpeta, Crazy Guy, economic growth, Felipe González, France, Fuengirola, Germany, INS, Italy, Joe King, José Luis Rodríguez Zapatero, José María Aznar, Manilva, Mariano Rajoy, Mijas, Morocco, Nerja, Poland Russia, Sayalonga, SUR in English, Torrox, United Kingdom, Venezuela, Wikipedia


Like 2


AOK said:
Saturday, February 4, 2023 @ 6:16 AM

What a lot of superficial twaddle!!

PablodeRonda said:
Saturday, February 4, 2023 @ 6:44 AM

I'm sorry, but I feel I have to defend Joe King. What is 'twaddle' about his article? It's very informative and interesting. And in what way is it 'superficial'? The piece has clearly been thoroughly researched.

Dave11 said:
Saturday, February 4, 2023 @ 9:18 AM

Good for Spain and it's people. Brexit really did help the UK - what a joke Brexit has been for the UK hahahaha

rob_j1 said:
Saturday, February 4, 2023 @ 10:18 AM

Not sure how it can be considered twaddle when the numbers of people, and migrants, are counted by the government.

Also, GDP figures are, again, counted by respective governments.

Presumably it's only twaddle by a British person who refuses to accept that Brexit has been an economic disaster. Which, us remainer told you would happen, but you refused to listen, and went ahead anyway. Well now the chickens have come home to roost, and you are more than welcome to own the disaster of your own deliberate making.

In short, well done...

Dave11 said:
Saturday, February 4, 2023 @ 12:05 PM

Your comments are Spot On....

lesleyfb said:
Thursday, February 9, 2023 @ 3:35 PM

Would have been interesting except for the snarky comments about Brexit. Dry your eyes mate.

PablodeRonda said:
Sunday, April 9, 2023 @ 5:16 PM

I don't think we need comments like those from AOK and lesleyfb.
They only criticise but make no counter-argument. They contribute nothing.
Lazy people with nothing better to do than wallow in the denial of the mess of their own making. Are they what we call trolls?

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