Most recent posts from Castile and Leon

Castile and Leon will maintain solid growth, hovering around 2% over the two-year period. This is supported by the recovery of exports, private consumption, and a strong labor market, though it faces greater risks stemming from the international environment.

The Spanish economy will maintain growth of above 2% in 2026–2027, supported by consumption, services and construction, although the deterioration in the international environment is widening regional differences.

Economic activity relies more on domestic demand and services, and with greater external risks, leading to growing divergences between regions.

Between 2025 and 2027, regional growth will increasingly rely on domestic demand. In 2025, service-oriented regions stand out; in 2026, consumption and investment will gain prominence, and in 2027, industry and exports in the northern regions will become more relevant.

In 2024, Castilla y León's GDP could have grown by 3.4%, and is forecast to increase by 2.0% in 2025 and 1.5% in 2026. Going forward, the evolution of activity will be marked by high economic and tariff policy uncertainty and the slow recovery in Europe.

Growth remains solid, but in a context of deceleration. In 2025, services exports remain the main growth driver. In 2026, the impact of tariffs and the slowdown in non-resident consumption will lead to a moderation in growth.

In 2024, growth is revised upwards due to the boost in domestic consumption and tourism. The end of the drought, the improvement of the European economy, and the reduction of interest rates will help sustain growth, affected by the impact of the dana and possible changes in tariff policy in the US.