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Mar 29, 2024 · Spain's economy is witnessing a positive momentum, outshining its European peers with robust growth figures, buoyed by a healthy domestic consumption and a strong investment climate.
Jan 27, 2023 · Today’s figure for Spain means “it likely fared better than the other major eurozone economies”, said Melanie Debono senior Europe economist at Pantheon Macroeconomics, a consultancy. However,...
- Valentina Romei
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Oct 22, 2021 · Spain’s biggest export is something it gets free: the sun. 18-20% of GDP. This is a country which for the last 40 years has lived off of all sorts of European development grants.
Spain remains a country with strong inequalities: according to the latest data by Eurostat, 26% of the population is at risk of poverty or social exclusion (the fourth-highest level in the EU), despite a relatively high GDP per capita (USD 50,472 in 2023 – IMF).
Jan 27, 2023 · Spain's gross domestic product grew a faster-than-expected 5.5% in 2022 as the country avoided a recession in the final quarter despite fears of a global slowdown, official data showed on Friday.
Economic activity in Spain is set to slow but remain above the euro zone average, supported by declining inflationary pressures, accelerating real wage growth and a buoyant tourism sector. Read more: Koldo corruption scandal shakes Spanish government. Read more: Divisive Catalonia amnesty deal threatens Spain's stability
The Spanish economy entered a deep recession in 2020 due to the COVID-19 pandemic. A strong government response has protected jobs and firms. However, the crisis has exacerbated long-standing structural challenges, such as high unemployment, inequalities and regional disparities.
