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Reason to be angry: Spain loses 20% of its economy if Catalonia splits

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Staff Writer | September 30, 2017
The Spanish region is holding an independence referendum on Sunday with major economic implications for the country.
Catalonia separatists
Europe   Attracting investment
Catalonia accounts for nearly a fifth of Spain's economy, and leads all regions in producing 25% of the country's exports.

It contributes much more in taxes (21% of the country's total) than it gets back from the government.

Independence supporters have seized on the imbalance, arguing that stopping transfers to Madrid would turn Catalonia's budget deficit into a surplus.

Catalonia has a proven record of attracting investment, with nearly a third of all foreign companies in Spain choosing the regional capital of Barcelona as their base.


 

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