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ES533 · BE334

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NUTS-3 ES533 · Spain
Population
102,8212025
GDP
€2,548M2023
Unemployment· NUTS-2 source
8.8%2025
Employment· NUTS-2 source
75.5%2025
Active firms· FR-only
Cadastral parcels· FR-only
Area
700.2 km²
NUTS-3 BE334 · Belgium
Population
84,2232025
GDP
€2,218M2024
Unemployment· NUTS-2 source
7.2%2025
Employment· NUTS-2 source
66%2025
Active firms· FR-only
Cadastral parcels· FR-only
Area
390 km²

Decision brief

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

Best overall fit: Arr. Waremme (Opportunity 52). Runner-up: Menorca (35). Contrarian pick: Menorca — leads the set on Energy cost (EU pctl 95).

Strengths
Demographic outlook (82) · Connectivity (81)
Red flags
Labour market (EU bottom 15%)
Freight intensity (EU bottom 15%)
Strengths
Energy cost (95) · Digital readiness (87)
Red flags
Industrial base (EU bottom 15%)
Why you might not pick Arr. Waremme
Labour market (EU bottom 15%); Freight intensity (EU bottom 15%). Its weakest dimension is Labour market (EU pctl 6) — Menorca may suit a mandate that weights that higher.
How robust is this recommendation?
The leader depends on the mandate: LogisticsArr. Waremme · ManufacturingMenorca · OfficeArr. Waremme · ResidentialArr. Waremme.
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

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
34.5
52.2
Resilience Indexdiversification, stability, buffers
31.0
57.5
Quality of Lifeprosperity, health, safety, environment
44.9
44.7
Clean AirPM2.5 / PM10 / NO₂ inverted
44.3
Connectivitytransit + air + market access
32.7
81.0
Talent & Human Capitalskills, learning, knowledge workers
48.5
79.3
Growth Momentumrecent GDP / employment trajectory
78.2
61.2

Trajectories · 2012–latest

Real GDP (2020 prices)
7.9% 5y
3.2% 5y
Population
1.4% 5y
0.5% 5y
Unemployment rate
11.4% 5y
1.3% 5y

Derived comparisons

GDP per capita
€24,785
€26,335
Population density
147 /km²
216 /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)
€2,316M
€2,008M
GVA — agriculture, forestry & fishing (A)
€22M
€65M
GVA — industry (B–E)
€232M
€208M
GVA — manufacturing (C)
€129M
€195M
GVA — construction (F)
€225M
€165M
GVA — wholesale/retail, transport, ICT (G–J)
€915M
€374M
Net disposable household income per capita (NUTS-2 source) ·N2
€19,100
€25,600
GDP per capita in PPS (purchasing-power adjusted)
28,600 PPS
23,500 PPS
GDP per capita (current prices, EUR)
€25,500
€26,300
Gross fixed capital formation — investment (total economy) ·N2
€9,927M
€8,523M
Investment in manufacturing capex (GFCF, NACE C) ·N2
€144M
€941M
Compensation of employees (total wage bill) ·N2
€19,108M
€22,375M
GVA — real estate activities (L)
€347M
GVA — information & communication (J)
€25M
GVA — finance, real estate & professional (K–N)
€499M
€671M
GVA — public admin, health & education (O–U)
€422M
€525M
Real GDP (constant 2020 prices, incl. short-term forecast)
€2,355M
€1,888M
Labour productivity per person employed (EUR)
€78,446
€100,339
Gross fixed capital formation, NUTS-3 (ARDECO)
€691M
€459M
Labour market
Employment, total persons
35,000
22,800
Self-employed persons
7,000
6,000
Employment in manufacturing (C)
2,900
1,800
Activity rate, 15–64 (NUTS-2 source) ·N2
77.3%
65.6%
Youth unemployment rate (15–24) ·N2
17.1%
22.8%
Unemployment rate 15-74, NUTS-3 native (ARDECO)
8.8%
7.3%
Labour force aged 15+ (ARDECO)
55,800
35,600
Business demography
Active enterprises (business economy, all sizes)
8,589
Enterprise births
810
Enterprise deaths
645
3-year enterprise survival rate
4.1%
Innovation & R&D
R&D expenditure as % of GDP ·N2
0.5%
2.5%
Employment in high-tech sectors (% of total) ·N2
2.6%
4.4%
R&D personnel (% of active population, FTE) ·N2
0.5%
1.5%
Education
Tertiary education attainment, age 25–64 ·N2
35.2%
41.8%
Tertiary attainment, age 25–34 (young talent pool) ·N2
43.2%
47.0%
Adult participation in learning, age 25–64 (last 4 weeks) ·N2
16.7%
15.2%
Knowledge workers — tertiary-educated & in science/tech (% of labour force) ·N2
20.5%
29.9%
Scientists & engineers (% of labour force) ·N2
6.7%
11.1%
Digital
Households with internet access ·N2
97.9%
94.1%
Tourism
Nights spent at tourist accommodation (total)
6,719,852
44,472
Mobility
Passenger cars per 1,000 inhabitants ·N2
616 /1k
497 /1k
Road freight loaded (annual, thousand tonnes)
1,478 kt
1,002 kt
Distinct public-transport stop locations within the region (GTFS feeds, deduplicated across overlapping feeds by coordinate). A measure of transit-network extent.
1
895
Motorway density (km per 1,000 km²) ·N2
19 km/1000km²
69 km/1000km²
Public-transport stops per 100,000 inhabitants — transit service density relative to population (GTFS feeds, coordinate-deduplicated).
1
1,063
Distance from the region centroid to the nearest major (large) airport, in km - air-connectivity accessibility. Lower is better.
17
48
Number of major (large) airports within 100 km of the region centroid - air-hub catchment richness.
1
4
Demography
Population aged 15–64 (working age)
71,388
54,263
Population aged 65+
18,910
16,876
Population aged under 15
12,523
13,084
Median age of population
44.8 yrs
43.4 yrs
Old-age dependency ratio (65+ / 15–64)
26.5%
31.1%
Crude rate of total population change
17.1 /1k
0.4 /1k
Crude rate of net migration plus adjustment
18.4 /1k
3.0 /1k
Crude birth rate
6.2 /1k
7.5 /1k
Crude death rate
7.4 /1k
10.1 /1k
Live births
627
631
Deaths
755
851
Total age-dependency ratio (young+old / 15-64)
44.0%
55.2%
Total fertility rate (births per woman)
0.96
1.26
Population density (persons per km²)
147 /km²
216 /km²
Projected population, 2030–2040 (EUROPOP2019 baseline)
71,808
74,268
Social
At risk of poverty or social exclusion (AROPE) ·N2
15.2%
19.6%
Life expectancy at birth ·N2
83.5 yrs
80.7 yrs
At-risk-of-poverty rate (regional) ·N2
11.6%
14.6%
Health
Hospital beds per 100k inhabitants ·N2
277 /100k
558 /100k
Mortality, all causes (age-standardised rate) ·N2
807 /100k
1,052 /100k
Cancer mortality (age-standardised rate) ·N2
220 /100k
236 /100k
Safety & crime
Intentional homicides per 100k inhabitants
1.0 /100k
1.2 /100k
Robberies per 100k inhabitants
24.7 /100k
27.3 /100k
Burglaries per 100k inhabitants
175 /100k
413 /100k
Thefts per 100k inhabitants
241 /100k
571 /100k
Road traffic deaths per million inhabitants ·N2
50 /M
51 /M
Governance & institutions
Government effectiveness, WGI score -2.5..2.5 (country)
1.14
1.31
Regulatory quality, WGI score -2.5..2.5 (country)
0.84
1.41
Rule of law, WGI score -2.5..2.5 (country)
0.96
1.34
Control of corruption, WGI score -2.5..2.5 (country)
0.78
1.58
Political stability & absence of violence, WGI score (country)
0.16
0.25
Energy
Industrial electricity price, 2-20 GWh band, excl. taxes (national)
€0.106/kWh
€0.130/kWh
Industrial gas price, 10-100k GJ band, excl. taxes (national)
€0.048/kWh
€0.046/kWh
Climate
Elevation at region centroid (Copernicus DEM)
104 m
141 m
Hot days ≥30°C (avg per year)
35 days/yr
6 days/yr
Frost days ≤0°C (avg per year)
0 days/yr
40 days/yr
Heavy-precipitation days ≥20mm (avg per year)
4 days/yr
2 days/yr