Aragon latest publications
The digitization of the economy is an essential ingredient for sustainable growth and social welfare. A good digital transformation plan requires a diagnosis of the starting point. The Digitalization Index (DiGiX) is a tool that allows such a diagnosis for the Spanish regions.
Greenhose Gas Emissions shows a high heterogeneity across countries. Spain has been lowering its absolute emissions and its intensity in the last years. This document analizes in detail available data for GHG emissions of Spanish Autonomous Communities (AC).
From the second half of this year on, the progress in vaccination and larger investment related to NGEU funds shall push the recovery. In 2022, additionnally, expansive fiscal policies in Europe, Spain (and it´s autonomous communities) and the US shall push growth.
The economy in Aragon suffered a historic contraction in 2020, albeit a smaller one in absolute terms than in Spain as a whole. BBVA Research estimates that its GDP fell by around 9.5% last year, compared to a decline of 10.8% for the country overall.
The economy of Aragon may have shrunk by 9.7% in 2020, and might grow 5.6% in 2021 and 6.4 in 2022. Public policies softened the impact of COVID-19. Consumption and investment will push the economy through 2021. With risks, the situation should be getting back to normal by 2022.
December 16, 2020
DiGiX: Digital transformation index for the Spanish Regions as a starting point for NGEU
The update of the digitization index for 2020, presents a baseline for economic policy makers in charge of designing digital transformation plans for the economy, within the NGEU framework. It indicates innovation and productivity aspects to be promoted as well as the ones that are lagging behind to be supported.
Aragon´s GDP may fall 10.1% in 2020 and recover by 6.1% in 2021. This may imply the loss of 4,000 jobs between the end of 2021 and the end of 2019. The risks are to the downside. The biggest one is the control of the pandemic.
BBVA Research has closely analyzed the Aragonese economy for a number years. We witnessed the resurgence following the "Great Crisis": 7 consecutive years of growth allowed GDP to recover, and it will grow above the average in Spain.