Spain’s Migration Strategy Fuels Economic Growth as Tourism Hits Record High

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Spain’s economy has seen remarkable growth, with a 3.2% expansion in 2023, attributed in part to the government's progressive approach to migration, officials reported. Prime Minister Pedro Sánchez emphasized the need for an inclusive national strategy, stating, “Spain needs to choose between being an open and prosperous country or a closed-off, poor country.” This commitment aligns with the country achieving a record 94 million tourists in 2023—an increase of 10% from the previous year—resulting in significant job creation in the hospitality sector.

According to analysts, high immigration rates have contributed significantly to Spain's labor market, allowing for a reduction in the unemployment rate to its lowest since 2008. Economist Javier Díaz-Giménez noted that nearly 409,000 of the 468,000 jobs created last year were filled by immigrants or individuals with dual nationality. Furthermore, research from JPMorgan indicated that immigration contributed over 20% to the 3% GDP per capita growth observed from 2022 to 2024, highlighting the positive impacts of a well-managed migration policy on the economy.

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