In 2024, Aragón is experiencing significant growth in both its economic and tourism sectors, bolstered by innovative strategies and substantial investments. This upward trajectory is marked by impressive gains in various economic indicators and a notable increase in visitor numbers, positioning the region as a dynamic player in Spain’s economic landscape.
According to the Instituto Aragonés de Estadística, Aragón’s Gross Domestic Product (GDP) increased by 3.4% in the second quarter of 2024, outpacing the national average of 3.1% and the eurozone’s 0.6% growth. This enhancement can be attributed to increases in both internal and external demand, with household consumption rising by 3.1% and public administration consumption increasing by 4.8%. Such figures highlight the region’s resilience and adaptability in a changing economic climate.
The industrial sector has emerged as a vital contributor to this expansion, particularly manufacturing, which has seen a remarkable 7.7% annual growth in its value-added output, significantly exceeding the national average of 5.2%. Additionally, the construction sector has reported a growth rate of 5.8%, again surpassing the national average of 2.5%. These developments underscore the thriving environment for business and production within Aragón.
Particularly noteworthy is the announcement from Amazon Web Services (AWS) regarding their plan to establish a data region in Aragón, involving an investment of €15.7 billion. This initiative is set to create approximately 6,800 jobs, marking the largest economic investment by a single company in the region’s history. This level of investment not only reflects confidence in Aragón’s economic prospects but also positions the region as a technological hub in southern Europe.
The tourism sector in Aragón has also experienced remarkable success. Following the implementation of the Plan Aragonés de Estrategia Turística 2021-2024, which has allocated €56 million, the region recorded a remarkable 3.82 million visitors in 2023, eclipsing the previous high from 2019. The province of Huesca received additional recognition as it was awarded the title of best European adventure destination in the World Travel Awards, further enhancing Aragón’s appeal on the international stage.
Infrastructure and transportation improvements are fundamental to supporting this growth, with initiatives like the Mapa Concesional de Transporte por Carretera being introduced. This plan aims to enhance bus services by incorporating a fleet of electric, hybrid, and zero-emission vehicles. The Plan Aragón Más Vivienda also aims to stimulate the housing market, with a planned investment of €400 million over the next six years, addressing the growing needs of a thriving population.
Aragón’s achievements in economic and touristic expansion in 2024 reflect significant strategic planning and the results of targeted investments. With favorable economic indicators, innovative initiatives, and a robust tourism sector, Aragón is on track for continued growth and development.
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