The accumulated capital in more productive assets has grown at a faster rate than residential capital since the crisis began, according to the information available
Since the beginning of the crisis, Spain's productive capital has continued to grow marked by a slowdown in capital accumulation. In fact, capital endowments oriented towards production have increased at a faster rate than residential capital (non-productive) by more than one percentage point. Thus, machinery and equipment assets (which include ICT, transport equipment and infrastructure) have grown at an average annual rate of more than 3.7% in real terms since 2007, above the housing accumulated rate (2.6%). This demonstrates that the intense accumulation of residential capital that occurred during the last growth cycle (1995-2007) has come to a halt, leading to an increase in the weight of more productive assets in aggregate capital, which currently account for 52%.
The database Capital stock in Spain and its distribution by territories provides detailed information on the investments made every year since 1964 and the capital stock in which these are realized, distinguishing between public and private capital, by asset type and by industry activity, among other factors. The database allows the national series to be consulted from 1964 to 2009, as well as data by autonomous communities and provinces until 2008.
The regional distribution of the weight of public infrastructure, in which assets has real investment been concentrated, the evolution of investment according to ICT and non-ICT assets, and changes in the regional distribution of capital stock are some of the data that can be found in this source.
Regional detail
The BBVA Foundation-Ivie data also show that significant capitalization has continued in all the autonomous communities since the beginning of the crisis, albeit less intense due to the decline in real investment and with differences between regions in terms of intensity. Navarre was the region which saw the biggest increase in capital stock between 1995 and 2008, with a net capital growth per capita of 4% annually. By contrast, other communities such as Madrid and Catalonia are below the Spanish average, although they accumulate more capital. Huesca, Tarragona, Girona and Álava are the provinces with more accumulated capital per capita.
Further information:
Press release (in Spanish)
Database Capital stock in Spain and its distribution by territories
Since the beginning of the crisis, Spain's productive capital has continued to grow marked by a slowdown in capital accumulation. In fact, capital endowments oriented towards production have increased at a faster rate than residential capital (non-productive) by more than one percentage point. Thus, machinery and equipment assets (which include ICT, transport equipment and infrastructure) have grown at an average annual rate of more than 3.7% in real terms since 2007, above the housing accumulated rate (2.6%). This demonstrates that the intense accumulation of residential capital that occurred during the last growth cycle (1995-2007) has come to a halt, leading to an increase in the weight of more productive assets in aggregate capital, which currently account for 52%.
The database Capital stock in Spain and its distribution by territories provides detailed information on the investments made every year since 1964 and the capital stock in which these are realized, distinguishing between public and private capital, by asset type and by industry activity, among other factors. The database allows the national series to be consulted from 1964 to 2009, as well as data by autonomous communities and provinces until 2008.
The regional distribution of the weight of public infrastructure, in which assets has real investment been concentrated, the evolution of investment according to ICT and non-ICT assets, and changes in the regional distribution of capital stock are some of the data that can be found in this source.
Regional detail
The BBVA Foundation-Ivie data also show that significant capitalization has continued in all the autonomous communities since the beginning of the crisis, albeit less intense due to the decline in real investment and with differences between regions in terms of intensity. Navarre was the region which saw the biggest increase in capital stock between 1995 and 2008, with a net capital growth per capita of 4% annually. By contrast, other communities such as Madrid and Catalonia are below the Spanish average, although they accumulate more capital. Huesca, Tarragona, Girona and Álava are the provinces with more accumulated capital per capita.
Further information:
Press release (in Spanish)
Database Capital stock in Spain and its distribution by territories