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May 25, 2022

Spain | Catalonia Economic Outlook. First half 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.

May 11, 2022

Spain | Balearic Islands Economic Outlook 2022

The GDP of the Balearic Islands would have grown by 10.5% in 2021. The sanctions imposed on Russia and the increase in fuel prices reduce growth expectations. Even so, Balearic GDP could increase by 7.1% in 2022 and 5.0% in 2023, making the Balearic Islands the most dynamic region in the three-year period 2021-2023.

May 10, 2022

Spain | Analysis of national tourist flows in real time. First four months of 2022

Tourist spending by Spaniards outside their usual province of residence remained 6 pp below 2019 levels in the first three months of 2022. The effect of Easter pushed up consumption in mid-April and the latest data from the May bank holiday point to greater dynamism than in 2019.

May 3, 2022

Spain | Regional growth: war, NGEU funds and tourism

The potential effects of the war between Russia and Ukraine on Spain's autonomous communities are not uniform — the impact could be worse on the northern regions and less severe on the Levante coast and the islands.

March 15, 2022

Spain | Canary Islands Economic Outlook 2022

The Canary Islands' GDP could grow by 9.6% in 2022 and 5.7% in 2023. The control of the pandemic, the use of savings saved by Canarian families, the boost in the execution of European funds (NGEU) and unused productive capacity will favour recovery. Ukraine's invasion will have a negative effect.

January 31, 2022

Spain | Recovery underway, but still incomplete

The recovery of the Spanish economy continued in the fourth quarter, with quarterly GDP growth of 2%. This was higher than for the Eurozone (0.3%), but lower than the previous quarter (2.6%) and lower than BBVA Research's own forecast (2.4%).

January 13, 2022

Spain | Analysis of National Tourist Flows in Real Time in Dec-21

According to BBVA credit card spending data, tourist spending made by Spaniards remained 4% above the 2019 records in December (5% in November and 77% y / y). If spending by Spaniards abroad is excluded, the advance stood at 11% (14% in November and 71% in y / y).

December 10, 2021

Spain | Cantabria Economic Outlook 2021

Cantabria's GDP could grow by 5.9% in 2021 and 5.4% in 2022. If the forecasts are met, Cantabria will be the region that recovers the fastest to the pre-crisis level of activity and some 15,000 new jobs would be created between 2020 and 2022. There is a downward bias on these forecasts.