Data Mining Book

Archive for the ‘energy sector’ Category

The province of Allocate is one of the largest subfield depletions of Spain due to the impact of economic crisis. According to the latest regional accounts data released by the National Statistics Institute (INE), the per capita income of Valencia in 2009 registered a decline of 5.1% over the previous year, the second highest of all country.

Thus, per capita wealth is at the lowest level since 2005 due to the collapse of industry and especially construction, which has been drastically, reduced its activity in the current context.

The per capita income of the Community of 20,295 euros, an 88.4% national average. This is the lowest since at least 1995, the year far in the time stated in the statistics, then, the average wealth of the three provinces reached 95.2% of the entire state. Throughout all this time, Allocate has always been the poorer demarcation of the territory autonomy, except in 1996, and for very little, and in 2008, last year for which provincial data, gross domestic product (GDP) per capita was 19,467 euros, compared with 21,392 in the Community.

The regional figures for 2009 show with all its rawness how industry and construction has collapsed and the impact this has had on the overall economy. The GDP of the industrial activities decreased by 11.8%, while that of the brick industry did nearly another 7%. To this, we must add a cut of almost 20% in tax collection. For his part, resisted agriculture better stake in the crisis, with a much milder decline of 1.7%. In addition, while services remained completely stagnant, its GDP grew by 0.5% irrelevant – only the energy sector recorded a significant increase of 1.9%.

The consequences of this general decline in activity on the labor market was especially hard in construction: if in 2008 this sector accounted for 240,000 people as employees, a year later this number had been cut by 39.2% to 172,400 . In industry, the destruction of wage employment was 15.2%, going from 361,700 to 306,800 people employed. In contrast to this, it is noteworthy that the shift from agriculture to employ 36,300 to 37,600 people as employees, this figure is an example of how the primary sector has been a refuge for some who have lost their pastor of work in other activities far more affected by the crisis. This is also reflected in the increase in hours worked in the field, 4.7% more than in 2008.