Spain | La Rioja Economic Outlook 2026

The economy of La Rioja will maintain solid growth. GDP would grow by 1.8% in 2026 and 2.2% in 2027, supported by employment, consumption, and investment, but conditioned by industrial weakness, exports, and a more adverse external environment.

Key points

• Key points:
• The labor market continues to advance, especially thanks to public services and construction; it is anticipated that around 4,100 jobs will be created between 2025 and 2027, reducing the unemployment rate to 7.3% in 2027.
• Domestic demand continues to be one of the main supports, favored by the increase in employment, disposable income, and household wealth, although a gradual moderation in spending is expected.
• Goods exports fall by 4.9% year-on-year, with particular weakness in food, capital goods, and wine, while industrial production also declines, reflecting the high regional exposure to the manufacturing sector.
• Investment in machinery and construction maintains a healthy tone and residential activity is accelerating, but a significant housing deficit persists: since 2021, around 7,500 households have been created compared to only 4,000 homes built.
• The main risk comes from the deterioration of the international context (energy, supply chains, and uncertainty), while structural challenges involve boosting productivity, increasing housing supply, and easing labor market constraints.

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