Business · Economy · 3 hrs ago

Pension costs exceed social security contributions in 18 Spanish provinces

Pension costs exceed social security contributions in 18 Spanish provinces

A study found pension spending is at least twice contributions in 18 Spanish provinces.

The analysis covers Spain's 50 provinces from 2000 to 2024 and highlights areas in the northwest and interior, including Zamora, León and Asturias.

In Zamora, the population fell 17.5% while the economy grew 26.7%.

That meant its output per person rose 53.5%, but nearly half of that increase came from having fewer people to share the output.

The study calls this growth through depopulation, not greater prosperity.

Young adults have left these provinces at a faster rate than the national average, reducing the number of people of working age and contributing to an older population.

In León and Asturias, pensions cost three times contributions.

The study says high pension costs reflect both the number of pensioners and, in some provinces, higher-than-average pensions linked to former industry and mining jobs.

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