Searcher
Giancarlo Carta
Giancarlo Carta
Economist
Madrid

Giancarlo Carta has been a BBVA Research economist since 2017, and he has spent his whole career to date in the BBVA Group. Currently he is a member of the Spain Unit, where he handles some of the analysis of Spanish regions within BBVA Research.

Prior to this, he used to be part of the CEO Office, where he was in charge of the bank’s financial analysis (both for the Board of Directors and for the market and analysts), as well as strategic (KPI tracking) and communication projects.

In 2013 he received a Degree in Economic Development and International Cooperation from the University of Palermo (Italy - Final Grade 110/110 cum laude). In 2015 he finished a Master’s Degree in International Economy in the Autonomous University of Madrid.

Latest publications

According to BBVA credit card spending data, tourist spending made by Spaniards remained 4% above the 2019 records in December (5% in November and 77% y / y). If spending by Spaniards abroad is excluded, the advance stood at 11% (14% in November and 71% in y / y).
Card purchases in Dec-21 were 38% higher than in the same period of 2019, 2 points lower than in November (31% YoY). The slowdown in spending with foreign cards, both face-to-face (4%) and online (-35%), offset the increase in transactions with Spanish cards.
The INE has published the first estimate of GDP growth in 2020 by autonomous communities in Spain. The results show that the growth hierarchy was in line with what was pointed out by BBVA Research, which anticipated greater strength in Extremadura and Castilla-La Mancha and greater weakness in the isles and tourist regions.