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During the first four months of the year, total tourist spending (domestic and foreign) was 39pp above that observed during the same period of 2019 (5pp more than in the previous four-month period), according to spending data with BBVA credit card.
In 2022, GDP growth in the Basque Country would have reached 4.4%. The recovery is expected to continue in 2023 and 2024, with advances of 1.3% and 2.9%, respectively. GDP and GDP per capita could return to the pre-pandemic level this year.
BBVA Research forecasts that Andalusia's GDP will grow by 1.3% in 2023 and recover pre-Pandemic levels. By 2024, the increase in activity will accelerate to 2.4%, and during that year it is expected to be able to recover GDP per capita.
With growth of only 0.4% in 2022, the recovery of the Construction sector remains distant. The number of mortgage loans granted during 2022 is 8.9% lower than in 2021, while the amount fell 4.9% in real terms. There is a high concentration in m…
BBVA Research estimates that Castilla y León would have been one of the few communities to recover pre-pandemic GDP per capita in 2022.
The GDP growth forecast for all the Autonomous Communities increases in 2023, with greater momentum in the industrial and tourist regions. But the forecast for 2024 is reduced: inflation moderates the increase in consumption in the Mediterranean regions, and the improvement in Europe will not be enough to compensate for it.
In the aftermath of the COVID-19 pandemic, the trend of industry relocation away from China is gaining momentum, at least in certain sectors. By analyzing China’s trade patterns through the lens of the global supply chain, the note attempts to identify the potential winners.
After a long working life, in the collective imaginary is to retire with dignity and move to a quiet place and with good weather: sun, sea, beach, etc. Not everyone will achieve this idyllic dream, but there are a group of people who are doing …
The GDP of Extremadura increased by 4.1% in 2022. We forecast an increase of 1.5% in 2023 and 3.2% in 2024, which will allow the creation of 15,500 new jobs between 2022 and 2024.
The GDP of the Balearic Islands increased by 10.7% in 2022. We forecast an increase of 3.1% in 2023 and 3.2% in 2024, which will allow the creation of 39,000 new jobs between 2022 and 2024.
The GDP of the Canary Islands will increase by 10.7% in 2022. We forecast an increase of 2.8% in 2023 and 3.3% in 2024, which will enable the creation of 69,000 new jobs between 2022 and 2024.
More than a year and a half after the implementation of the Recovery, Transformation and Resilience Plan (PRTR), the excitement is turning into disappointment, as there is a perception that the funds are failing to reach households and businesses.
