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2 regions side-by-side

ITH35 · ES120

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NUTS-3 ITH35 · Italy
Population
834,3062025
GDP
€32,374M2023
Unemployment· NUTS-2 source
3.4%2025
Employment· NUTS-2 source
74.7%2025
Active firms· FR-only
Cadastral parcels· FR-only
Area
2,007.6 km²
NUTS-3 ES120 · Spain
Population
1,015,1282025
GDP
€28,350M2023
Unemployment· NUTS-2 source
8.8%2025
Employment· NUTS-2 source
72%2025
Active firms· FR-only
Cadastral parcels· FR-only
Area
10,613 km²

Decision brief

Download brief (PDF)mandate-neutral · ranked by overall opportunity

Best overall fit: Venezia (Opportunity 56). Runner-up: Asturias (54). Contrarian pick: Asturias — leads the set on Energy cost (EU pctl 95).

Strengths
Demographic outlook (76) · Economic base (73)
Red flags
Flood: 26% of population in the 100-year floodplain
Long-run slide: down 14 EU ranks in real GDP per head since 1995 (relative decline, not absolute)
Strengths
Energy cost (95) · Freight intensity (72)
Red flags
Demographic outlook (EU bottom 15%)
Why you might not pick Venezia
Flood: 26% of population in the 100-year floodplain; Long-run slide: down 14 EU ranks in real GDP per head since 1995 (relative decline, not absolute). Its weakest dimension is Governance (EU pctl 20) — Asturias may suit a mandate that weights that higher.
How robust is this recommendation?
The leader depends on the mandate: LogisticsVenezia · ManufacturingAsturias · OfficeVenezia · ResidentialVenezia.
Phase-2 diligence checklist
  • Site-level grid connection capacity and power pricing (beyond country-grain energy data)
  • Local incentives, tax regimes and permitting timelines
  • Workforce depth for your specific roles (the talent pillar is a proxy)
  • Real-estate availability, rents and land — public pan-EU data stops at the Nordics
  • Flood defences, return-period design and insurance for flagged regions

This is a mandate-neutral read. To weight the pillars to your thesis, run these regions through the Site Screener — it ranks all 1,211 regions under your weights and exports the full PDF. First-pass macro screening, not investment advice.

Composite intelligence · 0–100 EU-percentile scores

Opportunity Indexscale + growth + access + structure
56.0
53.8
Resilience Indexdiversification, stability, buffers
39.8
37.8
Quality of Lifeprosperity, health, safety, environment
42.5
47.3
Clean AirPM2.5 / PM10 / NO₂ inverted
39.3
Connectivitytransit + air + market access
54.7
37.0
Talent & Human Capitalskills, learning, knowledge workers
27.3
67.8
Growth Momentumrecent GDP / employment trajectory
42.4
59.8

Trajectories · 2012–latest

Real GDP (2020 prices)
4.2% 5y
3.5% 5y
Population
0.3% 5y
0.1% 5y
Unemployment rate
10.7% 5y
9.0% 5y

Derived comparisons

GDP per capita
€38,803
€27,928
Population density
416 /km²
96 /km²
Parcels per 1k pop
FR-only
FR-only
Firms per 1k pop
FR-only
FR-only

All indicators · 89 metrics (Eurostat, all-EU)

Economy
Gross value added, total (current prices)
€29,083M
€25,837M
GVA — agriculture, forestry & fishing (A)
€409M
€389M
GVA — industry (B–E)
€5,425M
€5,576M
GVA — manufacturing (C)
€4,538M
€3,782M
GVA — construction (F)
€1,869M
€1,708M
GVA — wholesale/retail, transport, ICT (G–J)
€8,668M
€6,101M
Net disposable household income per capita (NUTS-2 source) ·N2
€23,500
€19,500
GDP per capita in PPS (purchasing-power adjusted)
40,200 PPS
31,600 PPS
GDP per capita (current prices, EUR)
€38,700
€28,100
Gross fixed capital formation — investment (total economy) ·N2
€45,490M
€5,061M
Investment in manufacturing capex (GFCF, NACE C) ·N2
€10,941M
€1,031M
Compensation of employees (total wage bill) ·N2
€75,959M
€13,729M
GVA — real estate activities (L)
€3,604M
GVA — information & communication (J)
€755M
GVA — finance, real estate & professional (K–N)
€7,543M
€6,373M
GVA — public admin, health & education (O–U)
€5,169M
€5,689M
Real GDP (constant 2020 prices, incl. short-term forecast)
€29,162M
€25,425M
Labour productivity per person employed (EUR)
€86,056
€74,485
Gross fixed capital formation, NUTS-3 (ARDECO)
€7,583M
€5,740M
Labour market
Employment, total persons
385,800
406,900
Self-employed persons
83,100
68,300
Employment in manufacturing (C)
55,900
46,900
Activity rate, 15–64 (NUTS-2 source) ·N2
71.8%
73.8%
Youth unemployment rate (15–24) ·N2
13.7%
27.9%
Unemployment rate 15-74, NUTS-3 native (ARDECO)
3.4%
8.8%
Labour force aged 15+ (ARDECO)
386,500
475,100
Business demography
Active enterprises (business economy, all sizes)
67,239
68,999
Enterprise births
4,832
5,127
Enterprise deaths
3,710
5,046
3-year enterprise survival rate
3.4%
3.7%
Innovation & R&D
R&D expenditure as % of GDP ·N2
1.2%
1.0%
Employment in high-tech sectors (% of total) ·N2
3.2%
3.5%
R&D personnel (% of active population, FTE) ·N2
1.4%
1.1%
Education
Tertiary education attainment, age 25–64 ·N2
21.8%
46.6%
Tertiary attainment, age 25–34 (young talent pool) ·N2
33.3%
55.0%
Adult participation in learning, age 25–64 (last 4 weeks) ·N2
13.3%
15.4%
Knowledge workers — tertiary-educated & in science/tech (% of labour force) ·N2
17.0%
25.7%
Scientists & engineers (% of labour force) ·N2
5.0%
7.8%
Digital
Households with internet access ·N2
94.5%
95.0%
Tourism
Nights spent at tourist accommodation (total)
38,555,987
6,689,670
Mobility
Passenger cars per 1,000 inhabitants ·N2
680 /1k
546 /1k
Road freight loaded (annual, thousand tonnes)
32,451 kt
39,693 kt
Distinct public-transport stop locations within the region (GTFS feeds, deduplicated across overlapping feeds by coordinate). A measure of transit-network extent.
1,717
202
Motorway density (km per 1,000 km²) ·N2
40 km/1000km²
43 km/1000km²
Public-transport stops per 100,000 inhabitants — transit service density relative to population (GTFS feeds, coordinate-deduplicated).
206
20
Distance from the region centroid to the nearest major (large) airport, in km - air-connectivity accessibility. Lower is better.
24
36
Number of major (large) airports within 100 km of the region centroid - air-hub catchment richness.
3
1
Demography
Population aged 15–64 (working age)
521,219
627,732
Population aged 65+
221,084
287,903
Population aged under 15
92,003
99,493
Median age of population
51.0 yrs
51.6 yrs
Old-age dependency ratio (65+ / 15–64)
42.4%
45.9%
Crude rate of total population change
-1.3 /1k
5.5 /1k
Crude rate of net migration plus adjustment
4.4 /1k
13.9 /1k
Crude birth rate
5.6 /1k
4.5 /1k
Crude death rate
11.4 /1k
12.9 /1k
Live births
4,710
4,535
Deaths
9,512
13,109
Total age-dependency ratio (young+old / 15-64)
60.1%
61.7%
Total fertility rate (births per woman)
1.15
0.94
Population density (persons per km²)
433 /km²
96 /km²
Projected population, 2030–2040 (EUROPOP2019 baseline)
771,050
576,453
Social
At risk of poverty or social exclusion (AROPE) ·N2
14.6%
22.4%
Life expectancy at birth ·N2
84.6 yrs
83.4 yrs
At-risk-of-poverty rate (regional) ·N2
12.4%
17.2%
Health
Hospital beds per 100k inhabitants ·N2
307 /100k
355 /100k
Mortality, all causes (age-standardised rate) ·N2
825 /100k
848 /100k
Cancer mortality (age-standardised rate) ·N2
200 /100k
224 /100k
Safety & crime
Intentional homicides per 100k inhabitants
0.4 /100k
0.7 /100k
Robberies per 100k inhabitants
52.9 /100k
34.1 /100k
Burglaries per 100k inhabitants
164 /100k
Thefts per 100k inhabitants
2,301 /100k
174 /100k
Road traffic deaths per million inhabitants ·N2
55 /M
43 /M
Governance & institutions
Government effectiveness, WGI score -2.5..2.5 (country)
0.72
1.14
Regulatory quality, WGI score -2.5..2.5 (country)
0.60
0.84
Rule of law, WGI score -2.5..2.5 (country)
0.57
0.96
Control of corruption, WGI score -2.5..2.5 (country)
0.57
0.78
Political stability & absence of violence, WGI score (country)
0.41
0.16
Energy
Industrial electricity price, 2-20 GWh band, excl. taxes (national)
€0.159/kWh
€0.106/kWh
Industrial gas price, 10-100k GJ band, excl. taxes (national)
€0.048/kWh
€0.048/kWh
Climate
Elevation at region centroid (Copernicus DEM)
0 m
503 m
Hot days ≥30°C (avg per year)
19 days/yr
2 days/yr
Frost days ≤0°C (avg per year)
21 days/yr
22 days/yr
Heavy-precipitation days ≥20mm (avg per year)
15 days/yr
14 days/yr