Publications

In 2024, the GPD of Andalusia could have grown by 3.1%, and is expected to increase by 3.0% in 2025 and 1.6% in 2026. This strength is due to the robust performance of tourism, which is reaching capacity limits, as well as the domestic demand, where consumer spending has been increasing its weight.

The observatory analyzes the cyclical behavior of GDP and exports in Spain up to the first quarter of 2025, highlighting a negative gap in GDP per working age population (WAP) compared to its trend level (-0.9 pp), although its growth slightly exceeds the historical trend.

As the end of the year draws to a close, we find the Spanish economy in job creation mode, but with steadily increasing uncertainty over global economic policy.

Andalusia's GDP will grow by 2.7% in both 2024 and 2025. This will create 154 thousand jobs and reduce the unemployment rate to 16.0% in 2025.

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 of Castille-La Mancha increased by 4.8% in 2022. We expect an increase of 1.1% in 2023 and 3.3% in 2024, which will allow the creation of 31 thousand jobs between 2022 and 2024.

Murcia's GDP grew by 5.2% in 2021. The sanctions imposed on the Russian economy, the increase in the price of raw materials and uncertainty reduce growth expectations. Even so, Murcia's GDP could grow by 4.1% in 2022 and 3.2% in 2023. By the end of 2023, GDP could exceed that of 2019 by almost 4%.

After growing 3.8% year-on-year in March, economic activity advanced 3.7% in April, despite the strict confinement that took place in the city of Lima. The expansion of the non-primary component stood out (5.1%). On the other hand, the primary component of GDP, more linked to extractive activities, contracted by 1.3%.