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May 12, 2025
As we draw closer to 2026—the last year for Spain to mobilize its funding under the Recovery, Transformation and Resilience Plan (RRRP)—now would be a good time to take stock of the progress made, while also examining the constraints that still prevent Spain from unlocking the full transformative potential of this funding.
May 8, 2025
The execution of grants and public tenders under the Recovery, Transformation and Resilience Plan has reached 58% of the planned investments, equivalent to 2.9% of GDP. It is estimated that over 1,100,000 beneficiaries—mainly SMEs and individuals—have already received support.
October 22, 2024
In 2024, prospects will improve, with service exporting communities benefiting most, while stagnant exports limit the progress of many industrial regions. In 2025, growth moderates and shifts to areas with less tourism weight.
March 20, 2024
In 2024, the prospects will improve in all the Autonomous Communities, driven by employment, domestic consumption and, above all, service exports. In 2025, the push will come from the industrial communities and the recovery of the south after the drought, with tourist communities losing momentum.
February 15, 2024
72.7 billion euros, 91% of the planned total, has been approved over the lifetime of the Recovery Plan, but only around 33.5 billion (42% of the planned amount) have been resolved. In total, it is estimated that the funds would be reaching more than 500,000 businesses and families.
October 3, 2023
Spanish GDP growth forecast in 2023 is maintained at 2.4%, and the forecast in 2024 is revised down to 1.8%, given the declining global outlook, particularly in Europe, in an environment of high uncertainty. Added to this is the increase in oil prices.
June 28, 2023
Catalonia's GDP to grow by 2.6% in 2023 and 2.0% in 2024. Catalonia will return to the pre-pandemic level of GDP in 2023, and throughout 2024 it could regain that of GDP per capita. Almost 180,000 new jobs could be created between 2023 and 2024.
June 28, 2023
Upward revision of the Spanish economy in 2023 to 2.4%, to be led by the Balearic Islands, Canary Islands and Madrid. But growth in 2024 is revised by 0.5 pp (to 2.1%), due to the slowdown in the tourism industry, the rise in interest rates, and the delay in the impact of the NGEU funds.
March 14, 2023
GDP growth is revised upwards in 2022 and 2023 to 5.5% and 1.6%, respectively, and downwards in 2024 to 2.6%. The Spanish economy is holding up better than expected, although persistent inflation and the expectation of higher interest rates worsen the growth scenario for next year.
December 1, 2022
GDP growth forecast is revised moderately upwards to 4.6% in 2022 and 1.2% in 2023. The economy is holding up better than expected and the probability of recession is reduced. Activity will gain traction as NGEU funds are implemented and uncertainties dissipate, and will grow by 3.4% in 2024.
