Spain

With airline fleets mostly grounded and cross-border rail traffic slashed in many EU countries, leisure travel within Europe and Spain came to a standstill as the COVID-19 pandemic took a grip on the global tourism sector in the first half of 2020. ...

In 2019, the turbulent economic environment in the EU, owing in part to global trade war issues and uncertainty surrounding the pre- and post-Brexit environment – did not leave Spain untouched. Although the country performed better than some other EU...

In 2019, Spain’s gross domestic product (GDP) grew by 2%, which was above the Eurozone average. Tax rises and the introduction of new taxes, such as taxes on petrol, income, corporations and “Google tax”, had a positive outcome for the country’s ...

In 2019, Spain’s entertainment and recreation industry continued to grow strongly, albeit at a slower pace, as persistent support from households was counterbalanced by a fall in demand from businesses and government. Spanish consumers continued to ...

The personal services industry continued to maintain steady growth in 2019, as private consumption in Spain witnessed robust growth, while inflation fell to the lowest level since 2016. In recent years, consumer income growth has been driven by ...

The industry recorded moderate growth in 2019, as public spending on education increased by 3% year-on-year, to EUR52 billion. Around two thirds of expenditure was allocated to pre-primary, primary and secondary education, while nearly 20% was ...

After a period of austerity measures, in 2019, Spain’s government spending on healthcare increased, and accounted for 6% of total government spending, contributing to steady healthcare industry revenue growth over the year. At the beginning of 2020, ...

The Spanish housing market continued to flourish in 2019, despite rapidly rising property prices, owing to low interest rates, growing employment rates and rising household disposable incomes. Consumers remained optimistic about the future. A notable...

The finance and insurance industry posted moderate growth in 2019. The European Central Bank (ECB) Asset Purchase Programme helped to improve banks’ liquidity and increase capital ratios over the year. Spain's Bank Nonperforming Loan (NPL) ratio ...

Motor vehicles and parts production value declined in 2019, as a result of weak domestic demand and weaker sales in export markets; however, the industry accelerated its production volumes towards the end of 2019, which helped to soften the negative ...

Information technology adoption has become a major driver of growth in revenues for the Spanish information and communications industry, and growth accelerated in 2019. The adoption of ICT solutions in the services sector and by public institutions ...

Over 2019, growth in the Spanish wood and wood products sector slowed, owing to fewer orders from the country’s furniture and construction sectors. The dip in demand from construction was the result of a decline in residential building construction, ...

In 2019, production by the Spanish clothing sector bounced back owing to stable exports and gains in the domestic market. Demand from Spanish households was underpinned by income growth, which was aided by wage increases in 2019. In 2019, the Spanish...

Following years of austerity measures to curb its fiscal deficit, Spain’s infrastructure expenditure saw a notable increase in 2019, stimulating demand for cement and concrete products. In the budget for 2019, Spain allocated EUR10 billion for ...

Spain’s rubber and plastic exports face lethargic regional demand due to the impact of COVID-19...

Over 2019, the turnover of Spain’s basic chemicals industry declined, with falling producer prices and declining exports to the major European economies. Total industrial output in Spain’s major export destinations, like Italy, Germany, Portugal and ...

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Spain was one of the countries most affected by the COVID-19 outbreak in 2020. Alongside other European peers, the country introduced national lockdown measures in mid-March 2020, which led to closures of restaurants and other foodservice businesses,...

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Rising disposable incomes and declining unemployment allowed Spanish consumers to purchase more household goods in 2019. This did not, however, translate into accelerating production output, as the slowing domestic B2B market had a negative impact on...