Searcher
Giancarlo Carta
Giancarlo Carta
Senior 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

Seasonality drove job creation (77,700) and contained the unemployment rate (12.7%). Seasonally adjusted figures (SWDA) show that employment fell (-0.1% QoQ), hours worked slowed (0.7%) and the unemployment rate rebounded (13.2%). However, temporary rate decreased (19.6% SWDA).
In order to analyze national tourism flows in Spain and identify possible patterns and changes in preferences due to the pandemic, gravity models have been estimated using data on card spending by BBVA customers outside their usual province of residence in 2018-2021.
According to BBVA credit card spending data, between May and August of 2022 tourist spending by Spaniards outside their usual province of residence was 23 pp above the 2019 records (15 pp more than between January and Abril).