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In the second quarter of 2024, the current account deficit stood at 1.6% of GDP, the lowest level since 2009. FDI fell to 2.75% of GDP, though it was sufficient to finance the deficit. The deficit is expected to close 2024 at around 3% of GDP.
Colombia has great tourism potential. The arrival of tourists from abroad is growing dynamically at the same time that Colombians have increased their domestic travels. The growth of tourism is very beneficial, which makes it necessary to continue building a medium-term strategy for sustainable tourism.
Cantabria will advance in the process of convergence in GDP per capita, and in 2025, the regional GDP could exceed the pre-crisis level by 7%.
In 2024, the Spanish economy presents a heterogeneous outlook, with different autonomous communities showing significant variations in their growth prospects. In this quarter's BBVA Research Regional Economic Outlook report we explore the most …
Asturias' GDP could increase by 2.3% in 2024 and 2.0% in 2025, which would allow for the creation of 13,700 new jobs in the region in the biennium.
This study demonstrates how expenditures between regions can be used to estimate domestic tourism, and gain further insights into its dynamics. We discuss additional use cases of the methodology, and offer suggestions on how it can be specialized for asking different types of questions.
GDP growth forecast for 2024 is raised to 2.5% thanks to the good performance of external demand, the increase in the labor force, and the execution of Recovery Plan funds. However, it will moderate to 2.1% in 2025, largely due to constraints in tourism growth.
According to BBVA credit card data, the first months of the year have been characterized by a slowdown in the growth of tourist spending in Spain compared to the last months of 2023, weighed down by the decline in consumption by Spaniards and d…
Spain's positive growth differential with the EU is good news, but it can be exhausted and is not enough to reduce the gap between GDP per capita and productivity, which is the only engine capable of generating sustained growth.
The GDP of the Canary Islands will increase to 2.6% in 2024 and 1.6% in 2025, which will allow it to create 49,000 new people in the community in those two years.
The GDP of the Balearic Islands could increase by 2.5% in 2024 and 1.7% in 2025, which would allow the creation of 28,000 new jobs in the region in the biennium
According to BBVA card and POS data, during Easter 2024, total tourist spending fell 2.2% year-on-year compared to the same holiday period last year.
