According to a report by the Fundación Telefónica, the Spanish language accounts for 16 percent of Spain’s gross domestic product, and adds a 30 percent premium to salaries in the U.S.
This is the latest in a series of reports on “The economic value of Spanish: A multinational enterprise,” published by the Foundation which channels Grupo Telefónica’s social and cultural initiatives in the 25 countries in which it operates.
The study calls the language Spain’s most valuable intangible asset, and claimed that the purchasing power of the world’s 450 million Spanish-speakers represents nine percent of global economic output, and that speaking Spanish in the U.S results in a “salary premium” of 30 percent for the speaker.
For the full report in Spanish, click here
For more on Spanish, click here.
