GDP latest publications
A model, based on Camacho and Domenech (2012) and Aruoba and Diebold (2010), which are extensions of Stock and Watson (1991), was built to forecast Colombia's GDP in real time. Going forward, BBVA Research will continue to publish updates of the monthly results of this work.
The GDP of the Balearic Islands would have fallen by 18.0% in 2020 and is expected to increase by 8.0% in 2021 and 11.6% in 2022. The economy in 2021 will go from less to more with the improvement of the international environment, European funds, the progress of vaccination and the relaxation of restrictions.
Output grew 58.5% YoY in April, lower than expected by the market consensus (60%). This result hides a low year-on-year comparison base due isolation measures were in force in April 2020.
The Basque economy may have shrunk by 10.5% in 2020, and may grow 5.5% in 2021 and 7.5% in 2022. Public policies and the lower weight of social consumption softened the impact of COVID-19. Consumption, investment and exports will push the economy. With risks, European funds shall boost growth especially through 2022.
Andalusia's GDP may have fallen by 11.0% in 2020 and is expected to increase by 5.4% in 2021 and 7.0% in 2022. Consumption, investment and exports will boost the economy throughout 2021. With risks, the momentum of European funds will be more noticeable towards 2022.
More than a year after the COVID-19 pandemic began, the labor market shows gradual recovery levels in employment levels; however, the recovery has been insufficient to close the gap to the pre-pandemic employment levels.
The per capita income and welfare gaps between Spain and the most advanced European economies—20 percentage points on average in the last four decades—can be explained by Spain's underuse and misuse of human capital, the greatest source of wealth for any country.
The economy of the Region of Murcia may have shrunk by 9.7% in 2020, and might grow 5.5% in 2021 and 6.5% in 2022. Public policies and the lower weight of social consumption softened the impact of COVID-19. Consumption, investment and exports will push the economy through 2021 and, sith risks, NGEU funds through 2022.