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April 1, 2025
In 2024, Madrid' GDP could have grown by 3.1%, and is expected to increase by 2.8% in 2025 and 2.0% in 2026. This strength is attributed to the robust performance of the services sector, particularly in tourism, as well as the domestic demand, where consumer spending has been increasing its weight.
March 19, 2025
Tourism and consumption continue to drive growth toward the Mediterranean and the islands in 2025, but the prospect of a slowdown persists toward 2026 in a context of high uncertainty that delays the acceleration of export-producing regions.
January 29, 2025
The reactivation of the economy after the dana and the measures approved justify that in 2025 and 2026 growth could reach 2.7% if the aid arrives quickly and reaches the announced amount. Domestic demand will be supported by the fall in inflation and interest rates and by the increase in wages and employment.
December 18, 2024
The GDP growth for 2023 published today by the INE is consistent with the scenario published by BBVA Research, which anticipated that the leadership would be located in the island regions. However, forecast errors were higher in some regions, such as La Rioja, Madrid, Catalonia and Aragon.
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.
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.
October 31, 2024
The national unemployment rate in September was 9.1%, similar to the 9.3% reported a year ago. Seasonally adjusted, the unemployment rate was below its average level in the first half of the year, which stood at 10.5%. By September, the labor market displayed reduced dynamism, with a slowdown in job creation.
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.
August 13, 2024
Present fears of a delayed economic recovery persist. Although the second quarter 2024 results are expected to be better, quick decisions are needed to generate more growth in the short and medium term and take advantage of the regional and local tailwind.
August 3, 2024
Growth figures for the economy in the second half of the year will improve compared to those observed in the first half of the year, however, this will not be enough. It is necessary to take actions in the short and medium term to boost growth and avoid costly damages.
