Economy, jobs and prices in Valencia/València (Valencian Community, Spain): official figures
GDP per person was 31,600 purchasing power standards (PPS) in 2023, 82% of the EU average (91% for Spain); 29th highest of 59 provinces in Spain.
How big is the economy of Valencia/València?
The local economy produced €75.5 billion of output (GDP) in 2023.
Source: Eurostat · saved copyHow many people work in Valencia/València?
About 1,140,300 people worked in Valencia/València in 2023 (employment by place of work).
Source: Eurostat · saved copyWhat is the average income in Valencia/València province?
In 2024 the average resident of Valencia/València had a net income of €15,180, against €15,948 across Spain; that ranks Valencia/València 29th highest of the country's 59 provinces and islands.
Source: Instituto Nacional de Estadística (INE) · saved copyHow fast are incomes growing in Valencia/València province?
Net income per person in Valencia/València rose 5.2% between 2023 and 2024 and has grown 46% since 2015 (from €10,377); that growth ranks 23rd slowest 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 Valencia/València province?
Households in the province of Valencia/València took home €38,545 a year on average in 2024; before income tax and social security contributions the figure was €47,547. The national household average was €40,605.
Source: Instituto Nacional de Estadística (INE) · saved copyWhat is the median income in Valencia/València province?
Median income per consumption unit, which adjusts for household size, was €19,950 in Valencia/València in 2024 (Spain: €19,950), 28th highest of 59; the mean was €22,460, so the median sat 11% below it.
Source: Instituto Nacional de Estadística (INE) · saved copyWhat is the main industry in Valencia/València?
The largest part of the economy of Valencia/València in 2023 was trade, transport, hospitality and communications, at 25.9% of gross value added, followed by finance, property and business services (25.9%).
Source: Eurostat · saved copyHow industrial is Valencia/València?
Factories, mines and energy produced 19.7% of the value added in Valencia/València in 2023, against 16.1% for Spain.
Source: Eurostat · saved copyHow fast is the economy of Valencia/València growing?
Gross value added rose from €50.1 billion in 2015 to €68.7 billion in 2023 in current prices, an increase of 37% before inflation.
Source: Eurostat · saved copyWhat jobs do people do in Valencia/València?
Of the 1,140,300 jobs located in Valencia/València in 2023, 29% in public services, education, health and other services, 14% in industry and 2.2% in farming, forestry and fishing.
Source: Eurostat · saved copyAre jobs growing in Valencia/València?
The number of people working in Valencia/València rose by 15.6% between 2015 and 2023, to 1,140,300.
Source: Eurostat · saved copyMore figures
- Within the Valencian Community, net income per person in Valencia/València (€15,180 in 2024) was 6% above the regional average of €14,335, the highest of the region's 3 provinces. Source: Instituto Nacional de Estadística (INE) · saved copy
- The median income per consumption unit in Valencia/València went from €12,950 in 2015 to €19,950 in 2024, a rise of 54%. Source: Instituto Nacional de Estadística (INE) · saved copy
How Valencia/València compares with other provinces in Spain
Net income per person (2024)
Valencia/València ranks 29 of 59, highest first.
| Rank | Area | Net income per person |
|---|---|---|
| 26 | Salamanca | €15,458 |
| 27 | Teruel | €15,364 |
| 28 | Tarragona | €15,296 |
| 29 | Valencia/València | €15,180 |
| 30 | La Palma | €15,102 |
| 31 | Lugo | €15,089 |
| 32 | Pontevedra | €15,002 |
Median income per consumption unit (2024)
Valencia/València ranks 28 of 59, highest first.
| Rank | Area | Median income per consumption unit |
|---|---|---|
| 25 | Pontevedra | €19,950 |
| 26 | Segovia | €19,950 |
| 27 | Tarragona | €19,950 |
| 28 | Valencia/València | €19,950 |
| 29 | Castellón/Castelló | €19,250 |
| 30 | El Hierro | €19,250 |
| 31 | Gran Canaria | €19,250 |
Growth in net income per person since 2015 (2015-2024)
Valencia/València ranks 34 of 56, highest first.
| Rank | Area | Growth in net income per person since 2015 |
|---|---|---|
| 31 | Melilla | 47.1% |
| 32 | Lugo | 46.7% |
| 33 | A Coruña | 46.3% |
| 34 | Valencia/València | 46.3% |
| 35 | Ourense | 45.9% |
| 36 | Ceuta | 45.1% |
| 37 | Castellón/Castelló | 45.0% |
Share of output from industry (manufacturing, mining and energy) (2023)
Valencia/València ranks 26 of 59, highest first.
| Rank | Area | Share of output from industry (manufacturing, mining and energy) |
|---|---|---|
| 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% |
| 29 | Zamora | 18.3% |
Share of output from finance, property and business services (2023)
Valencia/València ranks 9 of 59, highest first.
| Rank | Area | Share of output from finance, property and business services |
|---|---|---|
| 6 | Tenerife | 26.5% |
| 7 | Bizkaia | 26.2% |
| 8 | Tarragona | 26.0% |
| 9 | Valencia/València | 25.9% |
| 10 | Granada | 25.5% |
| 11 | Girona | 24.8% |
| 12 | Gran Canaria | 24.8% |
Share of output from public administration, education, health and other services (2023)
Valencia/València ranks 44 of 59, highest first.
| Rank | Area | Share of output from public administration, education, health and other services |
|---|---|---|
| 41 | Pontevedra | 20.8% |
| 42 | Guadalajara | 20.7% |
| 43 | Bizkaia | 20.6% |
| 44 | Valencia/València | 20.4% |
| 45 | Almería | 20.4% |
| 46 | Lleida | 20.2% |
| 47 | Mallorca | 20.0% |
More on Valencia/València: overview · poverty and living standards · government budget · Valencian Community · 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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