Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.14 1.13 1.13 1.12 1.12 1.1
Stock Market (points) 9053.80 8357 8262 8168 8075 7891
Government Bond 10Y (%) 1.39 1.44 1.48 1.53 1.57 1.67
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.60 0.6 0.5 0.5 0.5 0.4
GDP Annual Growth Rate (%) 2.40 2.6 2.3 2.3 2.4 2.2
Unemployment Rate (%) 14.55 14.9 14.7 14.4 14.5 13.2
Inflation Rate (%) 1.20 2.3 2.2 2.1 2 2.2
Inflation Rate Mom (%) -0.40 0.3 0.3 0.2 0.2 0.3
Interest Rate (%) 0.00 0 0 0.25 0.25 0.75
Balance of Trade (EUR Thousand) -3836500.00 -1400000 -1500000 -2500000 -1800000 -1800000
Current Account (EUR Million) 294.00 1150 2500 2750 3020 3640
Current Account to GDP (%) 1.90 1 1 1 1 0.8
Government Debt to GDP (%) 98.30 92.6 92.6 92.6 92.6 89.4
Government Budget (% of GDP) -3.10 -1.5 -1.5 -1.5 -1.5 -1.1
Business Confidence (Index Points) -2.70 1 0.8 0.4 -2 -4
Services PMI (Index Points) 54.00 50.5 54 53.6 53.8 54.4
Manufacturing PMI 51.10 50.7 54.4 54 54.3 53.2
Consumer Confidence (Index Points) 90.90 103 104 103 103 104
Retail Sales MoM (%) 0.40 -0.4 0.6 0.5 0.2 0.3
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.60 0.6 0.5 0.5 0.5 0.4
GDP Annual Growth Rate (%) 2.40 2.6 2.3 2.3 2.4 2.2
GDP (USD Billion) 1311.32 1510 1510 1510 1510 1550
GDP Constant Prices (EUR Million) 302695.00 299861 302708 305017 309960 316779
Gross Fixed Capital Formation (EUR Million) 65024.00 62443 64542 65523 66585 68049
GDP per capita (USD) 32405.75 33600 33600 33600 33600 34100
GDP per capita PPP (USD) 34272.36 35400 35400 35400 35400 35900
GDP From Agriculture (EUR Million) 7499.00 8051 8042 7557 7679 7848
GDP From Construction (EUR Million) 17713.00 17551 17853 18120 18138 18537
GDP From Manufacturing (EUR Million) 38333.00 38371 38649 38627 39253 40117
GDP From Public Administration (EUR Million) 49354.00 49593 50013 50489 50538 51650
GDP From Services (EUR Million) 200131.00 197602 199507 201666 204934 209443
GDP From Transport (EUR Million) 65304.00 64943 65495 65805 66871 68342
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 14.55 14.9 14.7 14.4 14.5 13.2
Employed Persons (Thousand ) 19528.00 19700 19810 19890 19950 20280
Unemployed Persons (Thousand ) 3188.21 2750 2670 2640 2600 2500
Unemployment Change (Thousand ) -50.60 -38.6 -88.6 30.6 -45.5 -32.1
Part Time Employment (Thousand) 2713.80 2890 2860 2890 2850 2880
Full Time Employment (Thousand) 16814.20 16810 16950 17000 17100 17400
Long Term Unemployment Rate (%) 6.60 5.5 5.2 5.1 5.1 4.7
Youth Unemployment Rate (%) 34.10 31.4 30.9 29.8 29.4 27
Productivity (Index Points) 111.70 105 108 114 115 116
Labour Costs (Index Points) 102.40 99.8 104 99.5 109 112
Job Vacancies (Thousand) 32.72 58.2 60.1 49.5 45 51
Wages (EUR/Month) 1842.62 1845 1995 1890 2070 2100
Minimum Wages (EUR/Month) 1050.00 1050 1050 1050 1050 1150
Population (Million) 46.66 46.89 46.89 46.89 46.89 47.21
Retirement Age Women 65.50 65.67 65.67 65.67 65.67 65.83
Retirement Age Men 65.50 65.67 65.67 65.67 65.67 65.83
Labor Force Participation Rate (%) 58.73 61.2 61.5 61.7 62 63
Living Wage Family (EUR/Month) 1150.00 1200 1200 1200 1200 1270
Living Wage Individual (EUR/Month) 855.00 1080 1080 1080 1080 1150
Wages High Skilled (EUR/Month) 1990.00 2310 2310 2310 2310 2390
Wages Low Skilled (EUR/Month) 932.00 950 950 950 950 990
Employment Change (%) 0.70 0.5 0.6 0.5 0.5 0.4
Employment Rate (%) 64.01 63.7 63.8 63.9 64 65
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.20 2.3 2.2 2.1 2 2.2
Inflation Rate Mom (%) -0.40 0.3 0.3 0.2 0.2 0.3
Consumer Price Index CPI (Index Points) 104.41 105 107 106 107 109
Harmonised Consumer Prices (Index Points) 104.00 110 107 106 116 121
Core Consumer Prices (Index Points) 102.93 103 104 103 105 107
Core Inflation Rate (%) 0.90 1.4 1.5 1.5 1.7 1.9
Producer Prices (Index Points) 105.20 104 107 109 108 110
Producer Prices Change (%) 3.00 1.5 1.7 1.9 1.8 2
Export Prices (Index Points) 114.40 114 115 115 115 118
Import Prices (Index Points) 114.20 113 113 114 115 116
Food Inflation (%) 1.30 1.9 1.7 2 2 2.2
CPI Housing Utilities (Index Points) 108.27 106 108 111 111 113
CPI Transportation (Index Points) 105.68 108 112 112 111 113
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.00 0 0 0.25 0.25 0.75
Interbank Rate (%) -0.38 -0.38 -0.38 -0.33 -0.28 -0.28
Money Supply M1 (EUR Million) 992581.00 988000 998000 1048000 1221000 1521000
Money Supply M2 (EUR Million) 1193101.00 1470000 1540000 1590000 1650000 1980000
Money Supply M3 (EUR Million) 1239413.00 1590000 1650000 1710000 1760000 2120000
Banks Balance Sheet (EUR Billion) 2654.70 3200 3280 3340 3490 4060
Loans to Private Sector (EUR Million) 452288.00 501000 507000 511000 514000 545000
Loan Growth (%) 1.60 1.4 1.5 1.5 1.7 1.9
Private Debt to GDP (%) 199.70 185 185 185 185 179
Central Bank Balance Sheet (EUR Million) 748612.00 746000 752000 759000 772000 785000
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (EUR Thousand) -3836500.00 -1400000 -1500000 -2500000 -1800000 -1800000
Current Account (EUR Million) 294.00 1150 2500 2750 3020 3640
Current Account to GDP (%) 1.90 1 1 1 1 0.8
Imports (EUR Thousand) 30249900.00 29300000 26600000 26800000 25000000 25500000
Exports (EUR Thousand ) 26413300.00 27900000 25100000 24300000 23200000 23700000
Terms of Trade (Index Points) 100.20 101 102 101 100 102
Foreign Direct Investment (EUR Million) -9659.00 2200 2900 -2200 2370 2320
Capital Flows (EUR Million) 3873.00 -1900 2100 2170 5100 4400
Remittances (EUR Million) 2552.00 2750 3240 2550 3850 3890
Tourist Arrivals (Thousand) 4549.90 5420 9150 9150 5890 6150
Gold Reserves (Tonnes) 281.60 282 282 282 282 282
Tourism Revenues (EUR Million) 6021.00 3820 6720 7150 3620 4050
External Debt (EUR Thousand) 2003697000.00 1986403000 1991502000 2002699000 2006503000 2031138000
Crude Oil Production (BBL/D/1K) 2.00 2 2 2 2 2
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 98.30 92.6 92.6 92.6 92.6 89.4
Government Budget (% of GDP) -3.10 -1.5 -1.5 -1.5 -1.5 -1.1
Government Budget Value (EUR Million) -12378.00 -7900 -18400 -16400 -27300 -26400
Government Spending (EUR Million) 55858.00 56229 56527 57143 57199 58457
Government Spending to GDP (%) 41.00 40.9 40.9 40.9 40.9 41
Government Debt (EUR Thousand) 1175703594.00 1183000000 1189000000 1195000000 1209000000 1231000000
Asylum Applications (persons) 3800.00 3420 5220 2880 2240 2110
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
Sales Tax Rate (%) 21.00 21 21 21 21 21
Social Security Rate (%) 36.25 36.25 36.25 36.25 36.25 36.25
Social Security Rate For Companies (%) 29.90 29.9 29.9 29.9 29.9 29.9
Social Security Rate For Employees (%) 6.35 6.35 6.35 6.35 6.35 6.35
Business Actual Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) -2.70 1 0.8 0.4 -2 -4
Services PMI (Index Points) 54.00 50.5 54 53.6 53.8 54.4
Manufacturing PMI 51.10 50.7 54.4 54 54.3 53.2
Industrial Production (%) -2.60 3.2 3 2.4 2.2 2
Industrial Production Mom (%) -1.50 0.6 -0.4 -0.3 0.3 0.2
Manufacturing Production (%) -1.20 2.4 2.5 2.3 2.6 2.4
Capacity Utilization (%) 78.50 80.6 80.7 80.8 81 81.2
Bankruptcies (Companies) 1079.00 1120 1250 865 900 850
Total Vehicle Sales 98587.00 129800 137800 91700 111400 119500
Car Production (Hundred Units) 2063.00 2700 2400 2480 1700 1900
Car Registrations 113838.00 107200 115400 120100 132200 149800
Mining Production (%) -21.90 2.2 2 1.5 1.1 1.5
Steel Production (Thousand Tonnes) 1302.00 1450 1340 1270 1180 1260
Factory Orders (%) 22.30 3.8 3.6 3.2 2.9 2.8
Electricity Production (Gigawatt-hour) 23662.00 22800 24100 22100 25700 25600
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) 90.90 103 104 103 103 104
Retail Sales MoM (%) 0.40 -0.4 0.6 0.5 0.2 0.3
Retail Sales YoY (%) 1.40 2.5 2.7 2.3 2.4 2.2
Consumer Spending (EUR Million) 172118.00 170468 171340 173438 176249 180126
Disposable Personal Income (EUR Million) 201373.00 197000 244000 201000 234000 241000
Personal Savings (%) -1.18 -1.7 15 -2 13 12
Consumer Credit (EUR Thousand) 648306635.00 671000000 677000000 684000000 689000000 727000000
Private Sector Credit (EUR Million) 1193037.00 1360000 1410000 1440000 1490000 1650000
Bank Lending Rate (%) 1.46 1.19 1.19 1.24 1.29 1.29
Households Debt To GDP (% of GDP) 60.70 56.1 56.1 56.1 56.1 52.5
Households Debt To Income (%) 100.42 91.5 91.5 91.5 91.5 85
Gasoline Prices (USD/Liter) 1.38 1.3 1.27 1.24 1.21 1.21
Housing Actual Q1 Q2 Q3 Q4 2020
Construction Output (%) -1.10 3.2 2.8 2.5 2.2 2.1
Housing Index (EUR/SQ. METRE) 1589.50 1678 1695 1715 1721 1832
Mortgage Approvals (Units) 30356.00 29100 30200 32200 22700 25100
New Home Sales (Thousand) 8.04 8.15 8.45 8.65 8.88 11.51
Existing Home Sales (Thousand) 34.11 36.22 38.78 36.22 30.16 34.65
Housing Starts (Thousand units) 0.86 0.99 1.09 1.15 1.25 1.64
Home Ownership Rate (%) 77.10 76.9 76.9 76.9 76.9 76.4


This page has economic forecasts for Spain including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Spain economy.