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“Worrying.”  Spain fears that Portugal will overtake Portugal in terms of GDP per capita in the coming decades

“Worrying.” Spain fears that Portugal will overtake Portugal in terms of GDP per capita in the coming decades

The Spanish economic press highlights that it takes more than two decades for the “neighboring country’s” economy to show “practically zero” growth in per capita GDP. According to the OECD, Portugal will overtake Spain in this indicator in 2060, a worrying fact.

Portugal joins a group of eleven countries that, according to the latest OECD report on long-term economic outlook, are expected to overtake Spain in per capita GDP in the coming decades.

The Spanish economic press highlights that it takes more than two decades for the “neighboring country’s” economy to show “practically zero” growth in per capita GDP: “The eternal productivity drama prevents Spaniards from enjoying greater economic prosperity,” he says. the. Economist.

The Spaniards highlight that the latest OECD report, which analyzes the evolution of GDP per capita in all countries of this organization, remains “worrying” in terms of conclusions regarding the Spanish economy: “GDP per capita will stagnate.” In the coming decades.”

Currently, Spain is ranked 23rd on the list. However, in 2060, the Spanish economy is expected to experience a “sustained decline” and will fall to 34th place, equal to Romania in this index. “During these decades, Spain will overtake Portugal, Poland, Lithuania, the Czech Republic, Slovakia, Hungary, Turkey, Estonia, Greece and Latvia,” warns The Economista.

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