Spain | Regional Economic Outlook. Third Quarter 2022
Spain's GDP will grow by 4.1% in 2022 (in line with what was forecast three months ago), but private consumption is revised downwards and investment and exports, both goods and tourism services, are revised upwards. On the other hand, growth for 2023 will be lower due to the slower progress in European demand.
Aragon's GDP grew by 4.2% in 2021. The sanctions imposed on Russia and the increase in fuel prices reduce growth expectations. Even so, Aragon's GDP could increase by 2.9% in 2022 and 3.0% in 2023. By the end of 2023, GDP per capita could exceed the pre-crisis level by 1%.
Spain | Regional Economic Outlook. Second Quarter 2022
GDP growth in Spain is revised downwards in both 2022 and 2023 due to the impact that the invasion of Ukraine, the sanctions imposed on the Russian economy and the increase in prices, especially fuel prices, will have.
Spain | Regional Economic Outlook. First Quarter 2022
The control of the pandemic, the return of foreign tourism, the arrival of European funds and the progressive elimination of bottlenecks to production mark the regional scenario. Tourist communities will grow more, but those in the north will also achieve historically high numbers.
Spain | Situation and outlook for the Aragonese economy second half of 2021
Aragon's GDP could grow by 4.7% in 2021. In 2022 it could accelerate to 5.4%, approaching the rate of growth forecast for Spain. If the forecasts are met, Aragon would create 21,000 new jobs between 2020 and 2022. There is a downward bias on these forecasts.
Consumption remains dynamic, driving domestic tourism, allowing GDP to grow above average in 2021 in regions where coastal tourism is important. On the other hand, a lower than anticipated increase in investment and exports will affect activity in inland and northern regions.
Spain | Regional Economic Outlook. Third Quarter 2021
The improvement in health indicators and the relaxation of restrictions have reduced uncertainty and allowed a recovery in private spending and national tourism. The foregoing translates into generalized upward revisions in all regions in 2021, although with a different magnitude.
DiGiX: The digital transformation index to assess the objectives of the NGEU in Spain
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.