Downward revision to our 2024 Gross Domestic Product (GDP) growth estimate to 2.5% (2.9% previously), with lower dynamism of domestic demand.
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Downward revision to our 2024 Gross Domestic Product (GDP) growth estimate to 2.5% (2.9% previously), with lower dynamism of domestic demand.
This Working Paper provides a concise overview of the recent enhancements to the sector module within the RegData FEDEA-BBVA database.
The January 2024 national unemployment rate was 12.7%, down from 13.7% in January 2023. Seasonally adjusted, the national rate decreased by 0.4 percentage points (p.p.) between December 2023 and January 2024, although it remains above the value…
Social Security affiliation rose by 103,600, while unemployment decreased by 7,500. After seasonal adjustments, it is estimated that the number of contributors grew by 85,000, and the number of unemployed people dropped by 35,000. The percentag…
This Working Paper provides a brief description of the latest update of RegData, a database that collects the main economic and demographic aggregates of Spanish regions over the last six decades.
Formal employment added 109 thousand new jobs in January, 2.4% less than in 2023, with a marked slowdown in manufacturing and services. Real wage increased 5.6% YoY (15.4% above pre-pandemic), and the total wage bill grew 8.8% YoY (23.9% above pre-pandemic).
Although per-capita income also depends on demographics, the employment rate and hours worked per employed person, productivity is the only determinant that is not subject to a natural limit and is capable of generating sustained long-term growth.
Murcia's GDP will grow by 1.6% in 2024 and 2.5% in 2025. This will allow 34 thousand jobs to be created in the two-year period and reduce the unemployment rate to 11.5% in 2025.
Labor shortage is one of the factors limiting housing production. The available information indicates that workers employed in construction age faster than average and have less education. Attracting talent is essential to ensure generational r…
In 2023, the average unemployment rate was 10.2% at the national level, decreasing by one percentage point with respect to 2022. Thus, labor variables showed resilience in a context of deceleration. However, by the end of the year, since Septem…
Colombia faces a year of economic challenges and opportunities, marked by factors such as the slowdown in inflation, the increase in the minimum wage and the series of reforms being considered by Congress.
The affiliation saw a decrease of 231,200, while the number of unemployed rose by 60,400 due to seasonal patterns. Once this factor is adjusted, affiliations are estimated to have increased by 39,000, and unemployment fell for the third consecutive month (-15,000). Temporary employment increased 2.1pp, reaching 57.1% SWDA.