Markets Actual Q3 Q4 Q1 Q2 2020
Currency 1.12 1.13 1.13 1.12 1.12 1.11
Stock Market (points) 9163.50 9102 9007 8912 8819 8635
Government Bond 10Y (%) 0.41 0.41 0.43 0.45 0.47 0.51
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.70 0.5 0.5 0.4 0.4 0.4
GDP Annual Growth Rate (%) 2.40 2.1 2.1 2 1.9 1.9
Unemployment Rate (%) 14.70 14.2 14.1 14.4 13.9 13.2
Inflation Rate (%) 0.40 1.1 1.2 1.4 1.5 1.7
Inflation Rate Mom (%) -0.10 0.2 0.2 0.4 0.3 0.3
Interest Rate (%) 0.00 0 0 0 0 0.25
Balance of Trade (EUR Thousand) -1605300.00 -2500000 -1800000 -1500000 -1500000 -1800000
Current Account (EUR Million) -413.00 800 2920 980 1420 2040
Current Account to GDP (%) 0.90 1 1 0.8 0.8 0.8
Government Debt to GDP (%) 97.10 97 97 95 95 95
Government Budget (% of GDP) -2.50 -2.2 -2.2 -2.3 -2.3 -2.3
Business Confidence (Index Points) -3.70 -4.4 -8 -7.6 -6.8 -7
Services PMI (Index Points) 53.60 51.5 51.4 52 52.5 52.9
Manufacturing PMI 47.90 51.9 52.3 52.1 52.5 53.2
Consumer Confidence (Index Points) 102.30 97.4 96.2 97 96.5 99
Retail Sales MoM (%) 0.70 0.5 0.2 -0.3 0.5 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 Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.70 0.5 0.5 0.4 0.4 0.4
GDP Annual Growth Rate (%) 2.40 2.1 2.1 2 1.9 1.9
GDP (USD Billion) 1426.19 1510 1510 1590 1590 1590
GDP Constant Prices (EUR Million) 307460.00 305443 312667 312361 313609 318608
Gross Fixed Capital Formation (EUR Million) 66171.00 65441 66659 66594 67427 67926
GDP per capita (USD) 33146.40 33600 33600 33600 34100 34100
GDP per capita PPP (USD) 35055.70 35400 35400 35900 35900 35900
GDP From Agriculture (EUR Million) 7563.00 7692 8150 8142 7699 8304
GDP From Construction (EUR Million) 18628.00 18078 18776 18758 18989 19133
GDP From Manufacturing (EUR Million) 38154.00 38519 38806 38768 38896 39543
GDP From Public Administration (EUR Million) 50583.00 49869 51012 50962 51578 51981
GDP From Services (EUR Million) 203137.00 201364 206401 206199 207200 210323
GDP From Transport (EUR Million) 66355.00 65751 67441 67375 67381 68723
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 14.70 14.2 14.1 14.4 13.9 13.2
Unemployment Change (Thousand ) -63.80 32 -45.5 -45.5 -82 -32.1
Long Term Unemployment Rate (%) 5.60 5.4 5.2 5.2 5.1 4.7
Youth Unemployment Rate (%) 31.70 29.8 29.4 32.1 32.4 27
Labour Costs (Index Points) 100.40 99.5 109 109 103 112
Wages (EUR/Month) 1876.19 1890 2070 2100 1923 2100
Minimum Wages (EUR/Month) 1050.00 1050 1050 1150 1150 1150
Population (Million) 46.66 46.89 46.79 46.92 46.92 46.92
Retirement Age Women 65.67 65.67 65.67 65.83 65.83 65.83
Retirement Age Men 65.67 65.67 65.67 65.83 65.83 65.83
Labor Force Participation Rate (%) 58.35 61.7 62 62 62.4 63
Living Wage Family (EUR/Month) 1150.00 1200 1200 1185 1179 1270
Living Wage Individual (EUR/Month) 855.00 1080 1080 881 876 1150
Wages High Skilled (EUR/Month) 1990.00 2310 2310 2050 2040 2390
Wages Low Skilled (EUR/Month) 932.00 950 950 960 955 990
Employment Change (%) 0.70 0.5 0.5 0.5 0.4 0.4
Employment Rate (%) 63.58 63.9 64 64 64.4 65
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 0.40 1.1 1.2 1.4 1.5 1.7
Inflation Rate Mom (%) -0.10 0.2 0.2 0.4 0.3 0.3
Consumer Price Index CPI (Index Points) 104.82 105 106 105 106 107
Core Consumer Prices (Index Points) 103.49 103 105 103 103 107
Core Inflation Rate (%) 0.70 0.9 0.9 1.2 1.4 1.5
Producer Prices (Index Points) 104.60 108 106 107 105 108
Producer Prices Change (%) 1.10 1.2 1.2 1.4 1.4 1.6
Food Inflation (%) 0.50 0.8 0.9 0.8 1.1 1.4
CPI Housing Utilities (Index Points) 104.22 110 110 107 106 111
CPI Transportation (Index Points) 109.16 111 107 110 111 109
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 0.00 0 0 0 0 0.25
Interbank Rate (%) -0.38 -0.38 -0.38 -0.13 -0.38 -0.13
Banks Balance Sheet (EUR Billion) 2673.30 2810 2850 2910 2990 3040
Loans to Private Sector (EUR Million) 447123.00 511000 514000 452967 453712 545000
Loan Growth (%) 2.10 1.5 1.7 1.8 2.1 1.9
Private Debt to GDP (%) 194.10 191 191 186 186 186
Central Bank Balance Sheet (EUR Million) 725352.00 749000 752000 763000 769000 765000
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (EUR Thousand) -1605300.00 -2500000 -1800000 -1500000 -1500000 -1800000
Current Account (EUR Million) -413.00 800 2920 980 1420 2040
Current Account to GDP (%) 0.90 1 1 0.8 0.8 0.8
Imports (EUR Thousand) 26369800.00 26800000 25000000 29900000 27100000 25500000
Exports (EUR Thousand ) 24764584.76 24300000 23200000 28400000 25600000 23700000
Foreign Direct Investment (EUR Million) 1091.00 -2200 2370 1750 3020 2320
Tourist Arrivals (Thousand) 7952.79 9220 4990 4990 9420 5250
Tourism Revenues (EUR Million) 4185.00 7150 3620 4610 6950 4050
External Debt (EUR Thousand) 2057984000.00 2002699000 2006503000 2056660539 2054646180 2031138000
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 97.10 97 97 95 95 95
Government Budget (% of GDP) -2.50 -2.2 -2.2 -2.3 -2.3 -2.3
Government Spending (EUR Million) 56967.00 56385 57698 57641 57956 58794
Government Spending to GDP (%) 41.30 41 41 41.1 41.1 41.1
Government Debt (EUR Thousand) 1200257869.00 1195000000 1215000000 1224000000 1229000000 1231000000
Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) -3.70 -4.4 -8 -7.6 -6.8 -7
Services PMI (Index Points) 53.60 51.5 51.4 52 52.5 52.9
Manufacturing PMI 47.90 51.9 52.3 52.1 52.5 53.2
Industrial Production (%) 1.40 1.5 1.1 1.4 1.6 1.7
Industrial Production Mom (%) 0.30 -0.3 0.3 0.3 0.3 0.2
Manufacturing Production (%) 1.30 1 0.7 1.2 1.4 1.4
Total Vehicle Sales 130519.00 61700 97400 119400 140800 99500
Car Production (Hundred Units) 2314.00 1420 1050 1770 2360 1220
Car Registrations 115540.00 101100 108200 109200 116900 111800
Mining Production (%) 3.30 1.5 1.1 1.4 1.6 1.5
Factory Orders (%) -2.10 3.2 2.9 2.5 2.4 2.8
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 102.30 97.4 96.2 97 96.5 99
Retail Sales MoM (%) 0.70 0.5 0.2 -0.3 0.5 0.3
Retail Sales YoY (%) 2.40 1.1 0.9 1.2 1.4 1.5
Consumer Spending (EUR Million) 173667.00 173282 177102 176928 177030 180467
Disposable Personal Income (EUR Million) 203397.00 202849 238919 238685 238685 243459
Consumer Credit (EUR Thousand) 646754555.00 653071689 660428894 659782049 659782049 672977043
Private Sector Credit (EUR Million) 1175567.00 1440000 1490000 1198855 1194232 1650000
Bank Lending Rate (%) 1.45 1.11 1.11 1.36 1.05 1.36
Households Debt To GDP (% of GDP) 58.90 56.1 56.1 54.5 54.5 54.5
Gasoline Prices (USD/Liter) 1.53 1.4 1.36 1.33 1.37 1.33
Housing Actual Q3 Q4 Q1 Q2 2020
Construction Output (%) 0.00 2.5 2.2 2.3 2.7 2.4
Housing Index (EUR/SQ. METRE) 1636.30 1615 1721 1710 1720 1832
Mortgage Approvals (Units) 29032.00 32200 22700 29500 30720 25100
New Home Sales (Thousand units) 8.31 8.65 7.51 8.79 8.85 9.15
Existing Home Sales (Thousand) 39.25 36.22 29.16 34.12 40.12 32.65
Housing Starts (Thousand units) 0.54 0.91 0.99 0.65 1.15 1.09
Home Ownership Rate (%) 76.30 76.9 76.9 76.4 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.