Navarra offers a stable economy with moderate inflation, fully integrated in the European average.
The Official statistics of the European Union Eurostat, placed Navarra among the richest regions in the EU-27 in early 2010 (the position was maintained in 2011 and 2012) especially in the position 32 out of 277 European regions based on GDP per capita which accounts for 126% of the EU average.
The unemployment rate in Navarra is the lowest in Spain at 14.92% in the 3rd quarter of 2014.
The economic structure of Navarra shows a remarkable specialization in the industrial sector. Evidence of this is the significant weight that capital goods and the automotive sector have on our economy.
Navarra is strategically located, next to the border with France, allowing easy access to the richest and most industrialized countries in Europe.
Navarra stands at the crossroads of the two great logistic corridors in Spain: North-South (linking Paris and Madrid) and East-West (Bilbao-Barcelona), providing access to the Spanish and European markets, with more than 100 million consumers.
Navarra has a modern electricity and natural gas distribution network which allows the implementation of large energy consumers. It also boasts state-of-the-art technological infrastructure deployed in almost all the territory of Navarra.
Navarra offers very competitive labour costs below the average for the EU15 and EU25 (Eurostat 2012 data).
Although it can be considered an expensive area compared to other regions in Spain, our labor productivity is much higher than in the rest of Spain. Indeed, it is also higher than the national average of other advanced countries such as France, Finland, the Netherlands, the United Kingdom and Germany.
The Region of Navarra enjoys a high degree of self-government within Spain, enabling it to maintain its own, differentiated tax system with a clear focus on providing incentives for investment in production facilities and equipment.
The Government of Navarra is dynamic and close to entrepreneurial projects with a capacity for swift and coordinated answers to the demands of the business fabric (Its small size favors this approach).
Navarra is the second Spanish Region in R&D investment with higher spending on R & D per capita than the EU15 average with 1.91% of its GDP in 2012. Navarra is one of only two Spanish regions (together with the Basque Country) to receive the grading of “Innovation Follower” (the second best possible) from the European Union in 2014.
The private sector leads R&D activity with 68.4% of the total expenditure on R&D.
The number of people working in R&D has multiplied by 2.5 times reaching a total of more than 5.000 professionals in the last ten years.
The Government of Navarra has provided continued support for R&D over the last 40 years:
Navarra population has one of the highest level of education in Spain, next to the Basque Country and Madrid.
Navarra benefits from excellent educational resources: 3 universities, 33 centers for professional training, 57 secondary and more than 250 primary schools.
The region boasts top rates of education and professional training, with the highest rates of school success in Spain, above the European average, ranking 19th among the 271 European regions with the most highly qualified personnel in science and technology. The 60% of the population has a high school diploma or a university degree.
Navarra is one of the Spanish regions with best indicators of national well-being, access to services and living standards.
With a Gini index of 28 and an OCDE human development index (HDI) of 0.97, Navarra is one of the regions with the highest standard of living worldwide.
It has important facilities such as:
Its capital, Pamplona, is at the top of the ranking of the best cities in Spain to live in.
Last updated: 16|07|2015
The information on these pages was prepared by each autonomous community