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The GDP of the Balearic Islands increased by 10.7% in 2022. We forecast an increase of 3.1% in 2023 and 3.2% in 2024, which will allow the creation of 39,000 new jobs between 2022 and 2024.
The GDP of the Canary Islands will increase by 10.7% in 2022. We forecast an increase of 2.8% in 2023 and 3.3% in 2024, which will enable the creation of 69,000 new jobs between 2022 and 2024.
Between September and December 2022, tourist spending made by Spaniards outside their usual province of residence was 26 pp above the 2019 figures, according to data on spending with credit cards from BBVA. However, a stagnation is observed whe…
Catalonia's GDP increased by 5.2% in 2022. We expect an increase of 1.5% in 2023 and 3.6% in 2024, which will allow the creation of 151 thousand jobs in the biennium.
One of the best surprises of 2022 has been the recovery by tourism. However, there are reasonable doubts regarding the industry's future outlook. A downturn could have major implications for the economy.
Cantabria's GDP grew by 5,3% in 2021. But the war in Ukraine and sanctions reduce growth expectations. Thus, Cantabrian GDP is expected to increase by 3,3% in 2022 and to slow down in 2023, when the increase will be 0,7%.
Activity data reflect a negative balance for the last few months and, although inflation may have reached a turning point, this context of weak activity and rising prices poses a huge challenge for public policies.
In order to analyze national tourism flows in Spain and identify possible patterns and changes in preferences due to the pandemic, gravity models have been estimated using data on card spending by BBVA customers outside their usual province of …
According to BBVA credit card spending data, between May and August of 2022 tourist spending by Spaniards outside their usual province of residence was 23 pp above the 2019 records (15 pp more than between January and Abril).
Industry is holding firm, investment is rising and the summer promises record growth in Spain, all of which has delayed the expected fall in GDP — at least until the end of September. Nonetheless, a number of factors continue to stoke fears o…
While the Mexican Caribbean tourism sector shows an accelerated recovery from the drop in economic activity in 2020, returning to pre-pandemic levels of activity. Significant magnitudes of sargassum arrivals are forecast in the coming months, due to the estimate of sargassum biomass in June 2022.
Catalonia's GDP grew by 5.2% in 2021. The sanctions imposed on Russia and the increase in fuel prices reduce growth expectations. Still, Catalan GDP could increase by 4.2% in 2022 and 3.5% in 2023, placing Catalonia among the most dynamic regions in the biennium.
