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The recovery of the Spanish economy has been characterized by the sectoral concentration of job creation. Of the 2.5 million jobs created in the country between 2013 and 2018, nearly half have come from the hospitality and commerce sectors as well as the entire public sector, which represent just under 40% of the GDP.
March 26, 2019
Spain | Employment in the face of the slowdown in tourism industry: a provincial analysis
Employment in the hospitality industry has seen significant growth during the period of economic recovery in Spain. In some provinces on the Mediterranean coast, the sector has accounted for a third of employment since 2013. These provinces are vulnerable to the slowdown in the hospitality sector, given the lack of dynamism…
We spent this week talking about tourism in Colombia with the team and a group of journalists, reviewing recent figures that demonstrate exponential growth in international visitors and Colombians staycationing in their own country.
This observatory is examining the recent evolution of tourism, showing the sector’s importance for the economy and the variables explaining its recent boom. BBVA Research expects that the number of foreign tourists will double in the short term and that the tourism industry will replace coal as the second most important exp…
The economy of the Community of Madrid grew 3.4% in 2017 and will moderate its rate of growth up to 3.2% in 2018 and 2.6% in 2019. Unemployment will be reduced to 11.4% in 2019, but some risks are more likely now than a few months ago. Once the GDP per capita has returned to its pre-crisis level, the challenge is to reach 2…
Aragon could grow by 2.8% in 2018 and 2.7% in 2019 in an export-friendly environment, with investment plans underway and a favourable economic policy. Uncertainty remains at high levels.
Spain’s GDP growth remains strong, although we have seen moderation relative to previous years. While it is always tempting to seek a single culprit, this seems to be rather the combined result of various factors. Some of these are temporary, but others are here to stay.
The economy of Madrid grew by 3.4% in 2017, and will continue growing at the same pace in 2018, and 2.7% in 2019. The region will create around 156,000 new jobs by the end of 2019, despite the weakening of some external factors.