The expenditure of those over 50 in Spain is 26% of GDP

The increase in life expectancy in Spain and in the world is highlighting the growing importance of the aforementioned 'third-age' in the economy of the count

The expenditure of those over 50 in Spain is 26% of GDP

The increase in life expectancy in Spain and in the world is highlighting the growing importance of the aforementioned 'third-age' in the economy of the countries. With the aging of the population, it is increasingly necessary to know the contribution of older citizens to economic activity.

A study by Oxford Economics and the International Center on Aging (CENIE) of the University of Salamanca concludes that the economic impact generated in Spain for those over 50 is 26% of GDP and the maintenance of 4.4 million positions of direct and indirect work. In addition, these activities generate tax revenues of 118,110 million euros,.

According to, the report, the population over 50 in 2019 supposed 41% of the total in Spain and the UN provides that in 2050 this proportion has risen to 53%. "Understanding the population over 50 years as an attractive market, capable of sustaining and growing the Spanish economy thanks to its purchasing power is key when dealing with this new demographic reality," he said this morning Óscar González, Responsible for the CENIE, during the presentation of the report.

The study breaks down the contribution of those over 50 years of age who visit our country. It estimates that its activity had a live, indirect and induced impact of 35,660 million in 2019. In terms of employment, tourism of those over 50 contributed to the creation and maintenance of 594,000 jobs in different sectors.

Updated Date: 23 September 2021, 12:51

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