Canary Islands Establish 'Commission of Work on Economic Productivity'

Overview

On June 9, 2025, the Canary Islands government established the 'Commission of Work on Economic Productivity' to address long-term regional growth challenges.

The initiative aims to:

• Analyze, advise, and promote policies that improve productivity
• Increase living standards, competitiveness, and social well-being

Given the region's unique geographic and economic traits, higher productivity could also help counteract the recent decline in Canary Islands' productivity levels, which have fallen behind the Spanish and European averages since the early 2000s.

Composition and Operations

The commission will include representatives from:

• Government departments
• Major business and labor organizations
• Local universities

This ensures broad participation and expert input.

The commission will:

• Meet as needed
• Report biannual progress
• Support policy development aimed at:
  • Modernizing sectors
  • Attracting skilled workers
  • Enhancing wages without fueling inflation

Strategic Importance

This move reflects a strategic effort by the regional government to revitalize its economy amid ongoing demographic and global technological shifts like AI.

Establishing this commission demonstrates the Canary Islands' commitment to fostering sustainable economic growth and social prosperity, which is especially vital for a region facing unique challenges due to its insularity and economic structure.