Regional outlook on labor productivity in Spain, 2000–2022

Carles Manera, Ferran Navinés, Javier Franconetti, Miquel Quetglas and José A. Pérez-Montiel
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Carles Manera: BANCO DE ESPAÑA
Ferran Navinés: UNIVERSITY OF THE BALEARIC ISLANDS
Javier Franconetti: UNIVERSITY OF THE BALEARIC ISLANDS
Miquel Quetglas: UNIVERSITY OF THE BALEARIC ISLANDS
José A. Pérez-Montiel: UNIVERSITY OF THE BALEARIC ISLANDS

No 2605, Occasional Papers from Banco de España

Abstract: This paper analyzes the evolution of labor productivity in Spanish regions during 2000–2022, with attention to their sectoral structure and productive specialization. Using data from the National Statistics Institute and the Fundación de Estudios de Economía Aplicada, we compute labor productivity as the ratio of gross value added at constant prices to effective hours worked. Through cluster analysis, we group the regions into five clusters based on their relative productive specialization. The results highlight the sustained leadership of the cluster formed by Madrid, the Balearic Islands, and the Canary Islands, marked by strong tertiarization. They also show greater resilience of industrially oriented clusters during economic crises. At the same time, differences in labor productivity dynamics do not always match the groupings suggested by cluster analysis, due to the heterogeneous role of service subsectors.

Keywords: productivity; labor productivity; Spanish regions; economic diversification; Spanish economy (search for similar items in EconPapers)
JEL-codes: E01 O40 R11 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2026-02
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Persistent link: https://EconPapers.repec.org/RePEc:bde:opaper:2605e

DOI: 10.53479/42546

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