THE IMPORTANCE OF THIS SECTOR IN SPAIN

It started growing since the 20th century. In the year 1975, the secondary sector was in the TOP of the spanish economy. The 30% of the people in Spain works in the secondary sector. The energy production and the industrialization are the most important parts of the secondary secor right now. The construction was affected in 2008 because of the economic crisis. This are the main points of the secondary sector in this country:

Economic Diversification: The secondary sector allows Spain to diversify its economy beyond tourism and agriculture, which have historically been important pillars. This diversification is key to economic stability and growth, as it reduces dependence on a few sectors and increases resilience to economic shocks.

Job Creation: Manufacturing and construction, key components of the secondary sector, are significant job generators. They offer a variety of jobs for people with different skill and education levels, from machinery operators to specialized engineers and technicians.

Innovation and Technology: The secondary sector promotes innovation and technological development. Industries, especially high-tech ones such as automotive, aerospace, and pharmaceuticals, invest heavily in research and development (R&D), positioning Spain at the forefront of several technological areas.

Exports: Spain is a major exporter of manufactured goods, including automobiles, pharmaceutical products, and machinery. These exports are vital to the country’s trade balance, contributing positively to its Gross Domestic Product (GDP) and generating valuable foreign currency revenues.

Infrastructure Development: The construction sector, part of the secondary sector, is crucial for infrastructure development in Spain. Investments in roads, bridges, railways, and buildings not only improve quality of life and transport efficiency but also attract foreign investments.

Added Value: Transforming raw materials into products with higher added value economically benefits the country. This means that Spain can obtain more value from its natural and human resources, raising the living standards of its citizens.

Energy Transition and Sustainability: The secondary sector is at the heart of the transition towards a greener and more sustainable economy in Spain. The production of renewable energies, improving energy efficiency in manufacturing, and sustainable construction are critical areas where the secondary sector significantly contributes to the country’s environmental goals.