Markets Actual Q2 Q3 Q4 Q1 2020
Currency 1.12 1.12 1.11 1.1 1.1 1.09
Stock Market (points) 9280.10 9475 9372 9270 9169 8970
Government Bond 10Y (%) 0.88 1.04 1.07 1.11 1.14 1.22
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.70 0.5 0.5 0.5 0.4 0.4
GDP Annual Growth Rate (%) 2.40 2.2 2.1 2.1 2 1.9
Unemployment Rate (%) 14.70 14.5 14.2 14.1 14.4 13.2
Inflation Rate (%) 1.50 1.4 1.6 1.5 1.8 1.9
Inflation Rate Mom (%) 1.00 0.3 0.2 0.2 0.4 0.3
Interest Rate (%) 0.00 0 0 0 0.25 0.75
Balance of Trade (EUR Thousand) -2627773.00 -1500000 -2500000 -1800000 -1500000 -1800000
Current Account (EUR Million) -2769.00 1500 800 2920 980 2040
Current Account to GDP (%) 0.90 1 1 1 0.8 0.8
Government Debt to GDP (%) 97.10 97 97 97 95 95
Government Budget (% of GDP) -2.50 -2.2 -2.2 -2.2 -2.3 -2.3
Business Confidence (Index Points) -3.80 -3.8 -4.4 -8 -7.6 -7
Services PMI (Index Points) 53.10 51 51.5 51.4 52 52.9
Manufacturing PMI 51.80 51.4 51.9 52.3 52.7 53.2
Consumer Confidence (Index Points) 97.00 91.5 91.4 92.5 94 96
Retail Sales MoM (%) 0.40 0.6 0.5 0.2 -0.3 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 Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.70 0.5 0.5 0.5 0.4 0.4
GDP Annual Growth Rate (%) 2.40 2.2 2.1 2.1 2 1.9
GDP (USD Billion) 1311.32 1510 1510 1510 1550 1550
GDP Constant Prices (EUR Million) 307460.00 303337 305343 312667 313609 318608
Gross Fixed Capital Formation (EUR Million) 66105.00 64663 65420 66659 67427 67926
GDP per capita (USD) 32405.75 33600 33600 33600 34100 34100
GDP per capita PPP (USD) 34272.36 35400 35400 35400 35900 35900
GDP From Agriculture (EUR Million) 7548.00 8086 7689 8150 7699 8304
GDP From Construction (EUR Million) 18617.00 17733 18072 18776 18989 19133
GDP From Manufacturing (EUR Million) 38133.00 38750 38507 38806 38896 39543
GDP From Public Administration (EUR Million) 50567.00 49419 49853 51012 51578 51981
GDP From Services (EUR Million) 203137.00 199772 201298 206401 207200 210323
GDP From Transport (EUR Million) 66060.00 65710 65730 67441 67381 68723
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 14.70 14.5 14.2 14.1 14.4 13.2
Unemployed Persons (Thousand ) 3147.42 2670 2640 2600 2600 2500
Unemployment Change (Thousand ) -91.50 -88.6 32 -45.5 -45.5 -32.1
Long Term Unemployment Rate (%) 5.70 5.2 5.1 5.1 5.1 4.7
Youth Unemployment Rate (%) 33.70 30.9 29.8 29.4 29.4 27
Labour Costs (Index Points) 106.00 104 99.5 109 109 112
Wages (EUR/Month) 2039.01 1995 1890 2070 2070 2100
Minimum Wages (EUR/Month) 1050.00 1050 1050 1050 1150 1150
Population (Million) 46.66 46.89 46.89 46.79 46.92 46.92
Retirement Age Women 65.50 65.67 65.67 65.67 65.83 65.83
Retirement Age Men 65.50 65.67 65.67 65.67 65.83 65.83
Labor Force Participation Rate (%) 58.35 61.5 61.7 62 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 0.6 0.5 0.5 0.5 0.4
Employment Rate (%) 63.58 63.8 63.9 64 64 65
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 1.50 1.4 1.6 1.5 1.8 1.9
Inflation Rate Mom (%) 1.00 0.3 0.2 0.2 0.4 0.3
Consumer Price Index CPI (Index Points) 104.74 106 106 106 106 108
Core Consumer Prices (Index Points) 103.15 104 103 105 103 107
Core Inflation Rate (%) 0.90 1.5 1.5 1.7 1.7 1.9
Producer Prices (Index Points) 104.00 106 108 106 107 108
Producer Prices Change (%) 2.40 1.7 1.9 1.8 2 2
Food Inflation (%) 0.80 1.7 2 2 2 2.2
CPI Housing Utilities (Index Points) 105.45 107 110 110 108 112
CPI Transportation (Index Points) 110.19 111 111 107 111 109
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 0.00 0 0 0 0.25 0.75
Interbank Rate (%) -0.38 -0.38 -0.38 -0.38 -0.13 -0.13
Money Supply M2 (EUR Million) 1217373.00 1540000 1590000 1650000 1650000 1980000
Banks Balance Sheet (EUR Billion) 2633.40 3280 3340 3490 3490 4060
Loans to Private Sector (EUR Million) 444816.00 507000 511000 514000 514000 545000
Loan Growth (%) 1.40 1.5 1.5 1.7 1.7 1.9
Private Debt to GDP (%) 199.70 185 185 185 179 179
Central Bank Balance Sheet (EUR Million) 739656.00 752000 759000 772000 772000 785000
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (EUR Thousand) -2627773.00 -1500000 -2500000 -1800000 -1500000 -1800000
Current Account (EUR Million) -2769.00 1500 800 2920 980 2040
Current Account to GDP (%) 0.90 1 1 1 0.8 0.8
Imports (EUR Thousand) 25646600.00 26600000 26800000 25000000 29900000 25500000
Exports (EUR Thousand ) 23018840.08 25100000 24300000 23200000 28400000 23700000
Foreign Direct Investment (EUR Million) 2466.00 2900 -2200 2370 2370 2320
Tourist Arrivals (Thousand) 5645.75 9150 9150 5890 5890 6150
Gold Reserves (Tonnes) 281.60 282 282 282 282 282
Tourism Revenues (EUR Million) 3350.00 6720 7150 3620 3620 4050
External Debt (EUR Thousand) 2014359000.00 1991502000 2002699000 2006503000 2006503000 2031138000
Crude Oil Production (BBL/D/1K) 1.00 2 2 2 2 2
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 97.10 97 97 97 95 95
Government Budget (% of GDP) -2.50 -2.2 -2.2 -2.2 -2.3 -2.3
Government Spending (EUR Million) 56820.00 55731 56367 57698 57956 58794
Government Spending to GDP (%) 41.30 41 41 41 41.1 41.1
Government Debt (EUR Thousand) 1173988055.00 1189000000 1195000000 1209000000 1209000000 1231000000
Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) -3.80 -3.8 -4.4 -8 -7.6 -7
Services PMI (Index Points) 53.10 51 51.5 51.4 52 52.9
Manufacturing PMI 51.80 51.4 51.9 52.3 52.7 53.2
Industrial Production (%) -3.10 3 2.4 2.2 2.2 2
Industrial Production Mom (%) -1.20 -0.4 -0.3 0.3 0.3 0.2
Manufacturing Production (%) 0.60 2.5 2.3 2.6 2.6 2.4
Total Vehicle Sales 119417.00 137800 91700 111400 111400 119500
Car Production (Hundred Units) 2067.00 2400 2480 1700 1700 1900
Car Registrations 112881.00 115400 120100 132200 132200 149800
Mining Production (%) -17.20 2 1.5 1.1 1.1 1.5
Steel Production (Thousand Tonnes) 1371.00 1340 1270 1180 1180 1260
Factory Orders (%) 4.50 3.6 3.2 2.9 2.9 2.8
Electricity Production (Gigawatt-hour) 22160.00 24100 22100 25700 25700 25600
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 97.00 91.5 91.4 92.5 94 96
Retail Sales MoM (%) 0.40 0.6 0.5 0.2 -0.3 0.3
Retail Sales YoY (%) 1.70 2.7 2.3 2.4 2.4 2.2
Consumer Spending (EUR Million) 173559.00 171356 173225 177102 177030 180467
Disposable Personal Income (EUR Million) 234005.00 233980 202904 238919 238685 243459
Consumer Credit (EUR Thousand) 646845146.00 660113610 652851265 660428894 659782049 672977043
Private Sector Credit (EUR Million) 1170816.00 1410000 1440000 1490000 1490000 1650000
Bank Lending Rate (%) 1.39 1.11 1.11 1.11 1.36 1.36
Households Debt To GDP (% of GDP) 59.60 56.1 56.1 56.1 56.1 52.5
Households Debt To Income (%) 100.42 91.5 91.5 91.5 85 85
Gasoline Prices (USD/Liter) 1.55 1.43 1.4 1.36 1.33 1.33
Housing Actual Q2 Q3 Q4 Q1 2020
Construction Output (%) -5.80 2.8 2.5 2.2 2.2 2.1
Housing Index (EUR/SQ. METRE) 1618.80 1695 1715 1721 1721 1832
Mortgage Approvals (Units) 31018.00 30200 32200 22700 22700 25100
New Home Sales (Thousand units) 8.05 8.45 8.65 8.88 8.88 11.51
Existing Home Sales (Thousand) 34.60 38.78 36.22 30.16 30.16 34.65
Housing Starts (Thousand units) 0.86 1.09 1.15 1.25 1.25 1.64
Home Ownership Rate (%) 77.10 76.9 76.9 76.9 76.4 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.