Searcher
Camilo Ulloa
Camilo Ulloa
BBVA Research - Principal Economist

Camilo A. Ulloa joined BBVA Research in 2009 and now is Principal Economist for the Spain & Portugal unit. His main areas of interest are macroeconomics and applied econometrics, and his research has mainly focused on economic scenarios assessment, short-term forecasting and structural time series modeling.


He has been Teacher Assistant at the Department of Economics (Carlos III University) and Research Assistant at the Bank of Spain. He currently teaches in the Master's Degree in Foreign Trade (Carlos III University).


Camilo has a M.Sc. in Economic Analysis from the Universidad Carlos III de Madrid.

Latest publications

Social Security affiliation increased by 199,500, while unemployment declined by 60,500. Adjusted for seasonality, it's estimated that the number of contributors rose by 60,000 and the unemployed fell by 34,000. The proportion of General Regime affiliates with temporary contracts held steady at 14.4% CVEC.
Despite the quarter's negative seasonality, both the number of jobs (up 0.5% quarterly CVEC) and hours worked (up 0.3%) increased. Furthermore, the rate of temporary employment and the unemployment rate both fell (to 16.1% and 11.7% CVEC, respectively).
This Observatory evaluates the factors that explain the cyclical behavior of GDP in Spain, full-time equivalent employment and productivity up to 4Q2023.