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May 19, 2025
The images of the floods that hit Valencia last October are still fresh in the collective memory. BBVA Research has developed an analytical framework to make the most of the available information and quantitatively assess both the impact and recovery after a climate disaster.
May 9, 2025
This note proposes a framework to estimate the employment effects of floods in Spain, combining imputed damage data with a spatial panel model. These extreme events cause job losses and regional spillovers, but timely aid mitigates them. The DANA in Valencia illustrates the frameworks' accuracy and its policy relevance.
December 13, 2024
Five weeks after the DANA (December 3–9), most indicators in Valencia province displayed stronger performance than those in the rest of Spain. However, foreign card spending continued to lag behind the national growth rate.
December 5, 2024
One month after DANA (week from November 26 to December 2), the majority of indicators in the province of Valencia show a similar evolution to that observed in the rest of Spain, highlighting the acceleration shown in spending by foreigners, car registrations and the most affected municipalities.
November 29, 2024
Spending in the province of Valencia rebounded during the week of November 19 to 25. The growth differential with the rest of Spain became positive in most indicators, although the most affected municipalities still show significant falls.
November 25, 2024
Observing the performance of the economy in real time and at high granularity is vital to quickly measure the economic impact of an exceptional event such as the recent DANA that has left a lasting impact in our country, especially in Valencia.
November 22, 2024
During the week of November 12 to 18, the improvement trend in most spending indicators stopped. Growth rates have shown a similar behavior to that of the previous week, maintaining a negative gap with respect to the evolution observed in the rest of Spain.
November 18, 2024
Although it has been only a few days and we only have preliminary estimates, the data that we are receiving indicate that the economic effects of the DANA have been very significant at a local level.
November 15, 2024
Most indicators show an improvement in economic activity in Valencia during the week of November 5 to 11, although both the growth rates and, more importantly, the levels remain below what would have been observed without the DANA, particularly in the hardest-hit municipalities, where significant impacts are still evident.
November 8, 2024
The objective of the first issue of this weekly observatory is to contribute to monitoring the economic impact of DANA on families and companies in the affected areas, report on the relief provided by public policies and provide data that can help improve them.
