City and economy - The city
Vitoria-Gasteiz is the capital city of the Basque Country and of Alava territory.
It is a compact medium-size city of 240,000 inhabitants, located in an area of great biological and landscape richness which provides it with a high quality of life. It counts on a large offer of residential, commercial, educational, health, cultural, and sports facilities The town itself and its surroundings have many areas of natural, historical and recreational interest.
Quality of Life
The Basque Country ranks first (out of the seventeen Spanish Regions) in the Human Development Index (0.924 in 2013, similar to the Netherlands, fourth in the world in HDI) and its three territories (Vizcaya, Álava and Guipúzcoa) occupy the top three out of the 52 Spanish provinces (source: Bancaja and Ivie Foundation - Economic-Research Institute of Valencia - Human Development in Spain 1980-2011. May 2013. Database available in internet)
Life expectancy is among the highest in the EU and in the world, something which is linked to the high quality of life and to the economic, social and health resources.
The high quality of the urban space and the natural environment in which it is located, as well as the implication of citizens, companies and institutions in its care and improvement have become one of the landmarks of the city, which has made it deserve, among others, the European Green Capital award (2012). This becomes an opportunity for companies with a vocation of economic and environmental excellence.
Main events in Vitoria-Gasteiz
Prestigious cultural, sports or gastronomic events which take place in Vitoria-Gasteiz throughout the year have been consolidated over the years as a benchmark in their category.
Excellence in Economy
Alava's economy ranks first (out of the 52 provinces in Spain) in terms of GDP per capita (exceeds 135% of the EU average). This ranking position has been maintained for more than ten years. In 2008 this figure amounted to 35,000 euros, almost one and a half the Spanish average.
Features of the economic structure
Some of the features that explain this advantageous position in the overall results are:
|High productivity||The output per person employed in the Basque Country is 131%of the EU average..||INE, Eustat, Elaboración propia|
|Low energy intensity||137 against 168 in the EU, despite its strong industrial component||EVE, "Euskadi energía 2013"|
|Highly qualified human resourcesl||42.6% of the population aged 30 to 34 has a university degree, compared to the 34.6% in the EU||Eustat|
|R & D investment||2.08% of the GDP, higher than the European (2%) and Spanish (1.39%) average.||Eustat|
|High employment rate||around 64% of the population aged 15 to 64, very similar to the average figure for the EU||"Economía y Mercado de Trabajo" report. (Vitoria-Gasteiz 2013)"|
|Exports Volume||over 30% of the GDP|
The economy in Alava has a strong industrial component (more than 25% of its GDP and employment) and a strong development of advanced services which count on an excellent standard and diversity. Taking into account tradition and development in recent years, it is also worth highlighting the importance of services related to the quality of life such as health, education, culture, sports, entertainment, retail, gastronomy and tourism.
The most important industrial activities are
- metal-working industry
- rubber and plastic
- mechanical engineering, aeronautics
- manufacture of railway equipment
- food industry
Leader companies such as Mercedes Benz or Michelin have chosen our city to settle down, complementing and stimulating thus, a rich and vibrant local business community.
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