Sectoral and Digital Economy Analysis & Industrial Organization
Sectoral and Digital Economy Analysis & Industrial Organization latest publications
Inflation has returned and has done so at rates not seen for decades in most developed economies. Spain has not remained unaffected by this episode of global inflation.
Since Russia’s invasion of Ukraine began, the European Union (EU) has had to rethink its long-standing reliance on Russian gas, which accounted for around 40% of the region’s total consumption in 2021. Notably, this reliance has been growing over the last few years.
September 23, 2022
Spain |The labour market reform changes the sectoral distribution of contracts by duration
The labour market reform changes the sectoral distribution of contracts by duration: those sectors with a greater weight in shorter duration contracts, such as Accommodation and food service activities and Agriculture, forestry and fishing, lose importance and the rest of the activities gain it.
European Commission proposals to mitigate the impact of electricity price inflation on households disposable income and business costs must consider how they affect security of supply and decarbonization.
Both the processes of financial inclusion and digitalization have great potential for dissemination in LATAM, both of which are key to promoting well-being and productivity in the region.
In order to analyze national tourism flows in Spain and identify possible patterns and changes in preferences due to the pandemic, gravity models have been estimated using data on card spending by BBVA customers outside their usual province of residence in 2018-2021.
September 9, 2022
Spain | Analysis of national tourist flows in real time between May and August of 2022
According to BBVA credit card spending data, between May and August of 2022 tourist spending by Spaniards outside their usual province of residence was 23 pp above the 2019 records (15 pp more than between January and Abril).
Nominal card purchases increased 26% year-on-year in August (29% in July). Both the face-to-face channel (20%) and, above all, the online channel (42%) contributed to the year-on-year slowdown in spending, which was more pronounced in transactions with foreign cards (64%) than Spanish ones (22%).