After years of sluggish growth, Spain is thriving again. Growth surged to 3.5% last year, powered by record tourism and immigration, as some experts say.
Breakdown
- Spain's economic boom relies heavily on foreign workers, who fill most new jobs. 4s
- Ninety percent of new jobs in the last two years have gone to immigrants, mainly in tourism and construction. 45s
- Local workers are moving towards better-paid, less demanding jobs, leaving many positions to immigrants. 1m 18s
- Despite economic growth, per capita income remains low due to productivity issues. 1m 54s
- Most immigrants work in lower-skilled jobs, but Spain is attracting more skilled professionals; concerns remain that low-skilled workers could be vulnerable if the economy slows. 2m 37s