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Spain's GDP grew more than anticipated in the first half of 2022. The 2022 revision implies more dynamism in tourism and less in exports of goods and investment in capital goods. The islands remain the main drivers of growth.
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.
GDP growth in Castile and Leon could slow to 2.9% in 2022 and 2.1% in 2023. The impact of the invasion of Ukraine, the sanctions imposed on Russia and the increase in prices of raw materials and, above all, fuels, are weighing more heavily on g…
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.
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 a…
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.
GDP in Castile and Leon could increase by 5.9% in 2021, and by 6.1% in 2022. This would result in the creation of some 25,000 jobs compared to 2020. There is a downward bias on these forecasts if Spain's slower economic recovery is confirmed.
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,…
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 s…
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 Com…
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 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.
