Productivity is a variable everywhere. key to improving the standard of living.

In Spain, total factor productivity was 7.3% lower in 2022 to that of the year 2000. Small companies with less than three workers are the other major culprit of low productivity. Lack of access to credit markets, as well as a tax policy that leaves them at a disadvantage in relation to large companies, says one expert. The lack of training of workers is also a problem, according to the Complutense Institute of Economic Analysis.