Publications

In 2024, Catalonia's GDP could have grown by 3.2%, and is expected to increase by 2.6% in 2025 and 1.5% in 2026. Going forward, the evolution of activity will be marked by the high uncertainty surrounding economic and tariff policies and the slow recovery in Europe.

Investment in intangible assets is a key driver of economic growth in Spain. Using financial transaction data, we build a real-time indicator aligned with official statistics that allows for detailed analysis of investment flows across sectors and regions. They show growth is concentrated in a few specialized hubs.

In 2024, Castilla y León's GDP could have grown by 3.4%, and is forecast to increase by 2.0% in 2025 and 1.5% in 2026. Going forward, the evolution of activity will be marked by high economic and tariff policy uncertainty and the slow recovery in Europe.

The fiscal deficit is expected to decline to 2.7% of GDP in 2025 and 2.5% in 2026. This outlook reflects a gradual and sustained adjustment in public finances, supported by solid economic growth. The consolidation occurs amid upward pressures on public spending, due to rising pension costs and increased defence expenditure.

In 2024, the GDP of the Basque Country could have grown by 2.4%, and is expected to increase by 2.3% in 2025 and 1.4% in 2026. Going forward, the evolution of activity will be marked by high economic and tariff policy uncertainty and the slow recovery in Europe.

Growth remains solid, but in a context of deceleration. In 2025, services exports remain the main growth driver. In 2026, the impact of tariffs and the slowdown in non-resident consumption will lead to a moderation in growth.

Castilla-La Mancha's GDP could have increased by 3.4% in 2024 (Spain 3.2%). Regional GDP is expected to increase by 2.8% in 2025 and 1.6% in 2026. If these forecasts are met, the unemployment rate could fall to 11.6% on average in 2026 and 40,000 new jobs could be created in the 2025-2026 biennium.

Social Security affiliation grew by 195,700 people, and unemployment fell by 57,800. After seasonal adjustment (swda), it is estimated that the number of contributors increased by 34,000, and the unemployed decreased by 15,000. The proportion of temporary workers enrolled in the General Regime moderated to 13.5% swda.