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    September 20, 2021

    Spain | Good inflation, bad inflation

    Part of the higher inflation we are seeing in Spain is due to a recovery in demand thanks to strong progress in the COVID-19 vaccination drive and economic support policies. Another part is explained by factors that could slow down growth.

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    September 8, 2021

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

    National tourism spending remained dynamic in August. The monthly growth reached 9% compared to 2019 levels (7% in July). If spending by Spaniards abroad is excluded, the increase was of 18% (18% in July).

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    September 7, 2021

    Spain | The trend in the common system of autonomous communities financing, 2002-2019

    This Working Paper contains homogenized series of regional governments funding constructed on the basis of homogeneous competences at equal fiscal effort from 2002 to 2019.

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    September 7, 2021

    Spain | Impact of COVID-19 on consumption in real time and high definition in Aug-21

    Card spending in August was 35% higher than in Aug-19 (28% in July). Transactions with Spanish cards gained momentum, especially non-face-to-face (139%), while those with foreign cards narrowed the gap with 2019 figures.

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    September 2, 2021

    Spain | Job creation continued in August and the fall in unemployment surprised again.

    Social Security affiliation and unemployment decreased in August (-118,000 and -82,600, respectively). Adjusted for negative seasonality, BBVA Research estimates that employment rose by 32,000 and unemployment fell by 104,000. The number of workers with limited activity is now below 500,000.

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    August 31, 2021

    Spain | Domestic tourism: riding to the industry's rescue

    Those sectors of the Spanish economy most dependent on the movement of people have been among the most severely hit by the COVID-19 crisis — in particular domestic and foreign tourism.

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    August 18, 2021

    Spain | The recovery in consumption marks the difference in regional growth

    The data we have up to the middle of the summer shows the Spanish economy is growing faster than was forecast a few months ago. The recovery in household expenditure—and in particular the increase in domestic tourism—has improved the outlook, with stronger revisions for the Mediterranean coast.

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    August 12, 2021

    Spain | Regional Economic Outlook. Third Quarter 2021

    The improvement in health indicators and the relaxation of restrictions have reduced uncertainty and allowed a recovery in private spending and national tourism. The foregoing translates into generalized upward revisions in all regions in 2021, although with a different magnitude.

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