Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.11 1.11 1.1 1.1 1.1 1.09
Stock Market (points) 9583.30 9490 9392 9295 9199 9011
Government Bond 10Y (%) 0.42 0.42 0.46 0.51 0.56 0.68
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.40 0.4 0.4 0.3 0.3 0.3
GDP Annual Growth Rate (%) 1.90 1.5 1.4 1.5 1.5 1.4
Unemployment Rate (%) 13.92 14.5 13.7 13.8 13.4 12.9
Inflation Rate (%) 0.80 0.7 0.9 1.2 1.1 1.4
Inflation Rate Mom (%) -0.10 0.4 0.3 0.2 0.3 0.4
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Thousand) -1863000.00 -1500000 -1500000 -2300000 -1800000 -1900000
Current Account (EUR Million) 2830.00 1100 2800 900 2040 1940
Current Account to GDP (%) 1.90 2.4 2.4 2.4 2.4 2.3
Government Debt to GDP (%) 97.60 96.4 96.4 96.4 96.4 95.1
Government Budget (% of GDP) -2.50 -2.3 -2.3 -2.3 -2.3 -2
Business Confidence (points) -1.90 -6 -8 -4 -7 -6
Services PMI (points) 54.90 52 52.5 52.2 52.9 52.9
Manufacturing PMI (points) 47.40 52.1 52.5 52 53.2 54
Consumer Confidence (points) 77.70 82 85 89 88 95
Retail Sales MoM (%) 0.50 -0.3 0.5 0.4 0.3 0.4
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 (%) 0.40 0.4 0.4 0.3 0.3 0.3
GDP Annual Growth Rate (%) 1.90 1.5 1.4 1.5 1.5 1.4
GDP (USD Billion) 1426.19 1590 1590 1590 1590 1650
GDP Constant Prices (EUR Million) 311917.00 308211 311830 313477 316596 321028
Gross Fixed Capital Formation (EUR Million) 63466.00 61746 62270 63783 64418 65320
GDP per capita (USD) 33146.40 34100 34100 34100 34100 34600
GDP per capita PPP (USD) 35055.70 35900 35900 35900 35900 35900
GDP From Agriculture (EUR Million) 8545.00 8393 8402 8588 8673 8795
GDP From Construction (EUR Million) 18358.00 18001 18375 18450 18633 18894
GDP From Manufacturing (EUR Million) 34366.00 34193 34454 34538 34881 35370
GDP From Public Administration (EUR Million) 50800.00 50364 50973 51054 51562 52284
GDP From Services (EUR Million) 211287.00 208714 211385 212343 214456 217459
GDP From Transport (EUR Million) 67084.00 66544 67198 67419 68090 69044
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 13.92 14.5 13.7 13.8 13.4 12.9
Unemployment Change (Thousand ) -34.60 -29 -82 44 -32.1 -36
Long Term Unemployment Rate (%) 5.20 6.1 5.3 5.4 5 5
Youth Unemployment Rate (%) 32.10 33.5 32.7 32.8 32.4 32.4
Labour Costs (points) 104.80 103 107 108 107 110
Wages (EUR/Month) 1876.95 1923 2040 1926 1920 1966
Minimum Wages (EUR/Month) 1050.00 1150 1150 1150 1150 1210
Population (Million) 46.66 46.92 46.92 46.92 46.92 47.05
Retirement Age Women 65.67 65.83 65.83 65.83 65.83 66
Retirement Age Men 65.67 65.83 65.83 65.83 65.83 66
Labor Force Participation Rate (%) 58.72 62 62.4 62.6 63 63.2
Living Wage Family (EUR/Month) 1150.00 1179 1178 1180 1176 1205
Living Wage Individual (EUR/Month) 855.00 876 876 877 875 896
Wage Growth (%) 5.34 2.5 2.4 2.6 2.3 2.4
Wages High Skilled (EUR/Month) 1990.00 2040 2038 2042 2036 2085
Wages Low Skilled (EUR/Month) 932.00 955 954 956 953 976
Employment Change (%) 0.10 0.3 0.4 0.3 0.1 0.1
Employment Rate (%) 64.54 64.2 64.4 64.6 65 65.2
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 0.80 0.7 0.9 1.2 1.1 1.4
Inflation Rate Mom (%) -0.10 0.4 0.3 0.2 0.3 0.4
Consumer Price Index CPI (points) 105.23 104 106 105 106 108
Harmonised Consumer Prices (points) 104.88 105 106 105 106 108
Core Consumer Prices (points) 103.98 103 105 104 106 107
Core Inflation Rate (%) 1.00 1.2 1.4 1.3 1.5 1.7
Producer Prices (points) 102.70 104 105 104 104 106
Producer Prices Change (%) -2.30 0.4 0.9 1.2 1.6 1.9
Food Inflation (%) 1.70 1.5 1.4 1.2 1.4 1.7
CPI Housing Utilities (points) 102.83 106 105 105 104 105
CPI Transportation (points) 109.96 110 110 111 111 113
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.38 -0.38 -0.38 -0.38 -0.38 -0.38
Banks Balance Sheet (EUR Billion) 2720.70 2910 2990 3020 3040 3280
Loans to Private Sector (EUR Million) 438525.00 447040 446802 440881 443960 450175
Loan Growth (%) 0.70 1.5 1.2 1.6 1.9 2.2
Private Debt to GDP (%) 194.10 186 186 186 186 182
Central Bank Balance Sheet (EUR Million) 719825.00 743000 749000 756000 761000 777000
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (EUR Thousand) -1863000.00 -1500000 -1500000 -2300000 -1800000 -1900000
Current Account (EUR Million) 2830.00 1100 2800 900 2040 1940
Current Account to GDP (%) 1.90 2.4 2.4 2.4 2.4 2.3
Imports (EUR Thousand) 26925000.00 29900000 27100000 27100000 25500000 26400000
Exports (EUR Thousand ) 25061400.00 28400000 25600000 24800000 23700000 24500000
Foreign Direct Investment (EUR Million) -883.00 1750 3020 -1870 2320 2050
Tourist Arrivals (Thousand) 4664.35 4990 9420 9610 5250 5520
Tourism Revenues (EUR Million) 6247.00 4610 6950 7360 4050 4440
External Debt (EUR Thousand) 2124834000.00 2099000000 2097000000 2092000000 2095000000 2133000000
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 97.60 96.4 96.4 96.4 96.4 95.1
Government Budget (% of GDP) -2.50 -2.3 -2.3 -2.3 -2.3 -2
Government Spending (EUR Million) 58423.00 57818 58334 58715 59299 60130
Government Spending to GDP (%) 41.30 41.1 41.1 41.1 41.1 41.2
Government Debt (EUR Thousand) 1207754952.00 1224000000 1229000000 1231000000 1231000000 1259000000
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 (points) -1.90 -6 -8 -4 -7 -6
Services PMI (points) 54.90 52 52.5 52.2 52.9 52.9
Manufacturing PMI (points) 47.40 52.1 52.5 52 53.2 54
Industrial Production (%) 2.10 1.4 1.6 1.8 1.7 1.9
Industrial Production Mom (%) 1.00 0.4 0.5 -0.3 0.2 0.4
Manufacturing Production (%) 1.60 1.2 1.4 1.6 1.4 1.7
Total Vehicle Sales 105853.00 119400 140800 62900 99500 105500
Car Production (Hundred Units) 1964.00 1770 2360 1490 1220 1450
Car Registrations 116673.00 109200 116900 103600 111800 119500
Mining Production (%) 24.90 1.4 1.6 2 1.5 1.2
Factory Orders (%) -20.20 1.5 2.4 2.6 2.8 2.2
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (points) 77.70 82 85 89 88 95
Retail Sales MoM (%) 0.50 -0.3 0.5 0.4 0.3 0.4
Retail Sales YoY (%) 2.90 1.2 1.4 1.9 1.5 1.5
Consumer Spending (EUR Million) 176966.00 175256 176514 177851 179620 182135
Disposable Personal Income (EUR Million) 207374.00 204414 255309 255393 257934 261545
Consumer Credit (EUR Thousand) 643953189.00 649994795 658513400 647179394 653612487 662763062
Private Sector Credit (EUR Million) 1172743.00 1176670 1187658 1170976 1177187 1193667
Bank Lending Rate (%) 1.49 1.31 1.31 1.31 1.31 1.31
Households Debt To GDP (% of GDP) 58.60 54.5 54.5 54.5 54.5 54.5
Households Debt To Income (%) 95.45 85 85 85 85 85
Gasoline Prices (USD/Liter) 1.51 1.66 1.7 1.74 1.78 1.78
Housing Actual Q1 Q2 Q3 Q4 2020
Construction Output (%) -3.00 2.3 2.7 2.2 2.4 2.4
Housing Index (EUR/SQ. METRE) 1638.30 1710 1720 1720 1832 1922
Mortgage Approvals (Units) 29691.00 29500 30720 34000 25100 27700
New Home Sales (Thousand units) 7.93 8.79 8.85 8.91 9.15 9.15
Existing Home Sales (Thousand) 34.90 34.12 40.12 38.42 32.65 34.44
Housing Starts (Thousand units) 0.88 0.65 1.15 1.01 1.09 1.25
Home Ownership Rate (%) 76.30 76.4 76.4 76.4 76.4 76.2


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.