Economy, jobs and prices in Albacete (Castilla-La Mancha, Spain): official figures
GDP per person was 29,700 purchasing power standards (PPS) in 2023, 77% of the EU average (91% for Spain); 33rd highest of 59 provinces in Spain.
How big is the economy of Albacete?
The local economy produced €10.3 billion of output (GDP) in 2023.
Source: Eurostat · saved copyHow many people work in Albacete?
About 163,000 people worked in Albacete in 2023 (employment by place of work).
Source: Eurostat · saved copyWhat is the average income in Albacete province?
In 2024 the average resident of Albacete had a net income of €13,873, against €15,948 across Spain; that ranks Albacete 17th lowest of the country's 59 provinces and islands.
Source: Instituto Nacional de Estadística (INE) · saved copyHow fast are incomes growing in Albacete province?
Net income per person in Albacete rose 6.2% between 2023 and 2024 and has grown 52% since 2015 (from €9,150); that growth ranks 20th fastest of 56 among the provinces and islands with figures back to 2015.
Source: Instituto Nacional de Estadística (INE) · saved copyWhat is the average household income in Albacete province?
Households in the province of Albacete took home €34,479 a year on average in 2024; before income tax and social security contributions the figure was €41,454. The national household average was €40,605.
Source: Instituto Nacional de Estadística (INE) · saved copyWhat is the median income in Albacete province?
Median income per consumption unit, which adjusts for household size, was €17,850 in Albacete in 2024 (Spain: €19,950), 19th lowest of 59; the mean was €20,443, so the median sat 13% below it.
Source: Instituto Nacional de Estadística (INE) · saved copyWhat is the main industry in Albacete?
The largest part of the economy of Albacete in 2023 was public administration, education, health and other services, at 23.9% of gross value added, followed by trade, transport, hospitality and communications (23.2%).
Source: Eurostat · saved copyHow industrial is Albacete?
Industry (manufacturing, mining and energy) made up 20.1% of output in 2023, against 16.1% for Spain.
Source: Eurostat · saved copyHow fast is the economy of Albacete growing?
Gross value added rose from €6.7 billion in 2015 to €9.4 billion in 2023 in current prices, an increase of 40% before inflation.
Source: Eurostat · saved copyWhat jobs do people do in Albacete?
Of the 163,000 jobs located in Albacete in 2023, 30% in public services, education, health and other services, 13% in industry and 11.0% in farming, forestry and fishing.
Source: Eurostat · saved copyAre jobs growing in Albacete?
The number of people working in Albacete rose by 20.0% between 2015 and 2023, to 163,000.
Source: Eurostat · saved copyMore figures
- Within Castilla-La Mancha, net income per person in Albacete (€13,873 in 2024) was 1% above the regional average of €13,720, 2nd highest of the region's 5 provinces. Source: Instituto Nacional de Estadística (INE) · saved copy
- The median income per consumption unit in Albacete went from €11,550 in 2015 to €17,850 in 2024, a rise of 55%. Source: Instituto Nacional de Estadística (INE) · saved copy
How Albacete compares with other provinces in Spain
Net income per person (2024)
Albacete ranks 43 of 59, highest first.
| Rank | Area | Net income per person |
|---|---|---|
| 40 | Ávila | €14,402 |
| 41 | El Hierro | €14,374 |
| 42 | Tenerife | €14,203 |
| 43 | Albacete | €13,873 |
| 44 | Sevilla | €13,827 |
| 45 | Fuerteventura | €13,807 |
| 46 | Málaga | €13,737 |
Median income per consumption unit (2024)
Albacete ranks 41 of 59, highest first.
| Rank | Area | Median income per consumption unit |
|---|---|---|
| 38 | Ourense | €18,550 |
| 39 | Tenerife | €18,550 |
| 40 | Zamora | €18,550 |
| 41 | Albacete | €17,850 |
| 42 | Ávila | €17,850 |
| 43 | Ceuta | €17,850 |
| 44 | Málaga | €17,850 |
Growth in net income per person since 2015 (2015-2024)
Albacete ranks 20 of 56, highest first.
| Rank | Area | Growth in net income per person since 2015 |
|---|---|---|
| 17 | Almería | 52.5% |
| 18 | Granada | 52.2% |
| 19 | Huelva | 51.9% |
| 20 | Albacete | 51.6% |
| 21 | Cuenca | 51.2% |
| 22 | Mallorca | 50.9% |
| 23 | Zamora | 50.7% |
Share of output from industry (manufacturing, mining and energy) (2023)
Albacete ranks 25 of 59, highest first.
| Rank | Area | Share of output from industry (manufacturing, mining and energy) |
|---|---|---|
| 22 | Murcia | 20.7% |
| 23 | Ourense | 20.1% |
| 24 | Bizkaia | 20.1% |
| 25 | Albacete | 20.1% |
| 26 | Valencia/València | 19.7% |
| 27 | A Coruña | 19.3% |
| 28 | Barcelona | 18.6% |
Share of output from finance, property and business services (2023)
Albacete ranks 49 of 59, highest first.
| Rank | Area | Share of output from finance, property and business services |
|---|---|---|
| 46 | Toledo | 19.1% |
| 47 | La Gomera | 18.9% |
| 48 | El Hierro | 18.6% |
| 49 | Albacete | 18.4% |
| 50 | Palencia | 18.1% |
| 51 | Lugo | 18.1% |
| 52 | Ciudad Real | 18.0% |
Share of output from public administration, education, health and other services (2023)
Albacete ranks 20 of 59, highest first.
| Rank | Area | Share of output from public administration, education, health and other services |
|---|---|---|
| 17 | Sevilla | 25.2% |
| 18 | Zamora | 25.1% |
| 19 | Toledo | 24.5% |
| 20 | Albacete | 23.9% |
| 21 | Teruel | 23.8% |
| 22 | Segovia | 23.6% |
| 23 | Soria | 23.5% |
More on Albacete: overview · poverty and living standards · government budget · Castilla-La Mancha · Spain
Sources
- Eurostat: Eurostat dataset nama_10r_3gdp: GDP per person, PPS (NUTS 3), read 23 October 2026 · saved copy (SHA-256 3bf0fc662f56…)
- Eurostat: Eurostat dataset nama_10r_3gdp: GDP, million euros (NUTS 3), read 23 October 2026 · saved copy (SHA-256 096e15e5fdb3…)
- Eurostat: Eurostat dataset nama_10r_3empers: Employment, thousand people (NUTS 3), read 23 October 2026 · saved copy (SHA-256 664e4e3a6dc0…)
- Eurostat: Eurostat dataset nama_10r_3empers: Employment (thousand persons) by NUTS 3 region and industry, read 23 October 2026 · saved copy (SHA-256 222a97c302d3…)
- Eurostat: Eurostat dataset nama_10r_3gva: Gross value added at basic prices by NUTS 3 region and industry, read 23 October 2026 · saved copy (SHA-256 c656e8563bdf…)
- Instituto Nacional de Estadística (INE): Atlas de Distribución de Renta de los Hogares (ADRH) 2024: indicadores de renta media y mediana por provincias e islas, 2015-2024 (table 53689), read 23 October 2026 · saved copy (SHA-256 883851a1be5e…)
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