A very significant part of the economic heart of the third Spanish province remains paralyzed a week after a wave of water and mud has hit the regions to the south and east of the Valencia metropolitan area. An area that It represents practically a third of the Gross Domestic Product (GDP) of the entire province and almost 25% of employmentaccording to data from the Valencia Chamber of Commerce.
The 68 municipalities that have suffered the effects of DANA generate 21,819 million euros of GDP, 32.3% of the provincial total according to data collected by the cameral body. A figure that also represents about 18% of the total of the Valencian Community. In labor terms, these locations They add up to 264,883 jobs, 24.7% of Valencia’s total employment.
But also, a very worrying economic indicator of the dimensions of the impact of the catastrophe The fact is that the majority of this economic activity and employment is mainly concentrated in the towns that have been hardest hit. The Chamber estimates that in the 32 municipalities that include the ground zero and those classified as most affected represent 13,307 million euros of GDP, 19.7% of the entire province, and almost 220,000 jobs, 20.5% provincial.
From Cámara Valencia they explain that this data is updated as more information and available sources become available. in them The three districts of the municipality of Valencia are not included. that have been hit by the lack of available disaggregated data.
Blow to commerce and hospitality
The 68 municipalities affected by DANA welcome more than 48,700 companiesof which more than three quarters are from the service sector according to current data. The x-ray shows that without a doubt commerce and hospitality will represent the bulk by number of companies and self-employed workers affected, with more than 18,000 companies dedicated to these activities and transportation.
The sector services represents around 73% in terms of salaries and Social Security contributions in those localities hit by the torrent of water, hence ensuring their survival is a priority.
Along these lines, the president of the autonomous trade association ConfecomerçRafael Torres, demands that the administration act “with speed in providing aid to small businesses and the self-employed so that the reconstruction plan be done in the shortest time possible and be able to recover a commercial fabric, which is the fundamental basis of the local economy of these municipalities.
The blow to the industry is also enormous. In terms of production The industrial sector contributes more than 30% of the value of goods and services that companies generate in that area.
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