Spain is moving away from its dependence on construction and growing through employment and productivity, but it will need between 20 and 30 years to close the income gap with Europe.

Spain has transitioned its economic growth model away from its heavy historical reliance on capital accumulation and the construction sector. According to recent reporting, the country's growth is now driven by employment and productivity.

Despite this structural shift and positive economic evolution, projections indicate that Spain will require between 20 and 30 years to fully close its income gap with the rest of Europe.