Markets Actual Q2 Q3 Q4 Q1 2022
Currency 1.21 1.2 1.2 1.19 1.19 1.18
Stock Market (points) 8756.70 8522 8345 8173 8003 7664
Government Bond 10Y (%) 0.42 0.45 0.5 0.55 0.6 0.71

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 0.00 0.8 3.6 2 0.9 0.5
GDP Annual Growth Rate (%) -8.90 19.5 8.1 4.5 3.6 3.4
Unemployment Rate (%) 16.13 19.6 18.8 18.2 17.6 16
Inflation Rate (%) 1.30 1.2 1.1 1.4 1.3 1.5
Inflation Rate Mom (%) 1.00 0.4 0.3 0.5 0.8 0.6
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Thousand) -1081800.00 -2100000 900000 -1900000 -1000000 -1800000
Current Account (EUR Million) -1013.00 2600 1480 1950 2050 2480
Current Account to GDP (%) 0.70 2.5 2.5 2.5 2 2
Government Debt to GDP (%) 120.00 121 121 121 118 118
Government Budget (% of GDP) -11.00 -7 -7 -7 -4 -4
Business Confidence (points) -3.70 5 8.9 6.3 2 5
Manufacturing PMI (points) 56.90 54 53.4 52.5 53.7 54.4
Services PMI (points) 48.10 53.7 52.5 53.4 54 55
Consumer Confidence (points) 73.00 75 84 81 86 105
Retail Sales MoM (%) 4.20 0.8 -0.8 0.5 1.1 0.6
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 2022
GDP Growth Rate (%) 0.00 0.8 3.6 2 0.9 0.5
GDP Annual Growth Rate (%) -8.90 19.5 8.1 4.5 3.6 3.4
GDP (USD Billion) 1394.12 1280 1280 1280 1380 1380
GDP Constant Prices (EUR Million) 290028.00 293769 312143 303079 300469 313384
Gross Fixed Capital Formation (EUR Million) 58427.00 56252 62487 61056 60530 63132
GDP per capita (USD) 33349.70 32000 32000 32000 32900 32900
GDP per capita PPP (USD) 40883.30 38800 38800 38800 39660 39660
GDP From Agriculture (EUR Million) 9077.00 11011 9486 9485 9404 9808
GDP From Construction (EUR Million) 16601.00 16704 18229 17348 17199 17938
GDP From Manufacturing (EUR Million) 34511.00 30600 35851 36064 35753 37290
GDP From Public Administration (EUR Million) 53891.00 62465 57159 56316 55831 58231
GDP From Services (EUR Million) 193303.00 201634 208632 202002 200262 208870
GDP From Transport (EUR Million) 53068.00 44912 56855 55456 54978 57342

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 16.13 19.6 18.8 18.2 17.6 16
Employed Persons (Thousand ) 19344.30 18500 18100 18700 18900 19400
Unemployed Persons (Thousand ) 3949.64 5000 4850 4420 4250 3800
Unemployment Change (Thousand ) -59.15 40 59 -36 -27 -20
Long Term Unemployment Rate (%) 5.00 8.47 7.67 7.07 6.47 6.47
Youth Unemployment Rate (%) 39.60 43.07 42.27 41.67 41.07 41.07
Labour Costs (points) 99.40 102 97.06 101 101 103
Wages (EUR/Month) 2061.32 1899 1822 1881 2092 2130
Minimum Wages (EUR/Month) 1108.33 1108 1108 1108 1210 1210
Population (Million) 47.33 47.5 47.5 47.5 47.85 47.85
Retirement Age Women 65.83 66 66 66 66.17 66.17
Retirement Age Men 65.83 66 66 66 66.17 66.17
Labor Force Participation Rate (%) 58.19 57.2 57.5 57.7 57.9 58.5
Wage Growth (%) 0.60 1 1.2 1.5 1.4 1.8
Employment Change (%) 1.20 0.5 0.4 0.4 0.5 0.4
Employment Rate (%) 48.81 47.4 47.8 49 49.5 50

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 1.30 1.2 1.1 1.4 1.3 1.5
Inflation Rate Mom (%) 1.00 0.4 0.3 0.5 0.8 0.6
Harmonised Consumer Prices (points) 105.23 106 105 106 107 107
Consumer Price Index CPI (points) 105.07 106 105 106 106 108
Core Consumer Prices (points) 103.43 103 106 109 105 107
Core Inflation Rate (%) 0.30 1 0.9 1.2 1.4 1.5
Producer Prices (points) 105.10 99.74 103 103 107 105
Producer Prices Change (%) 6.30 2.3 3.4 2.6 2.2 2
Food Inflation (%) 1.40 2.1 1.8 1.7 1.9 2.2
CPI Housing Utilities (points) 104.85 101 103 104 106 106
CPI Transportation (points) 110.20 105 105 107 112 108

Money Actual Q2 Q3 Q4 Q1 2022
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) 2861.40 3260 3300 3280 3200 3290
Loans to Private Sector (EUR Million) 467762.00 497559 486067 485558 483666 501096
Loan Growth (%) 6.00 4.5 3 3.2 3.4 3.2
Private Debt to GDP (%) 190.40 202 202 202 198 198
Central Bank Balance Sheet (EUR Million) 1053536.00 1067000 1055000 1062000 1072000 1099000

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (EUR Thousand) -1081800.00 -2100000 900000 -1900000 -1000000 -1800000
Current Account (EUR Million) -1013.00 2600 1480 1950 2050 2480
Current Account to GDP (%) 0.70 2.5 2.5 2.5 2 2
Imports (EUR Thousand) 24623800.00 20600000 24100000 23600000 24100000 25200000
Exports (EUR Thousand ) 23542000.00 21500000 22500000 22600000 21900000 23400000
Foreign Direct Investment (EUR Million) 4017.00 3060 1250 4500 3240 3650
Tourist Arrivals (Thousand) 284.31 3400 4500 2400 3200 3220
Tourism Revenues (EUR Million) 395.00 2850 3400 2840 2980 3640
External Debt (EUR Thousand) 2236173000.00 2287000000 2324000000 2363000000 2387000000 2423000000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 120.00 121 121 121 118 118
Government Budget (% of GDP) -11.00 -7 -7 -7 -4 -4
Government Spending (EUR Million) 63239.00 66450 68500 67900 68200 66300
Government Spending to GDP (%) 41.90 46 46 46 43 43
Government Debt (EUR Thousand) 1345569813.00 1321000000 1314000000 1299000000 1302000000 1329000000

Taxes Actual Q2 Q3 Q4 Q1 2022
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 2022
Business Confidence (points) -3.70 5 8.9 6.3 2 5
Manufacturing PMI (points) 56.90 54 53.4 52.5 53.7 54.4
Services PMI (points) 48.10 53.7 52.5 53.4 54 55
Industrial Production (%) -2.10 12 5.6 5.1 4.6 3.4
Industrial Production Mom (%) 0.00 0.3 -1 0.4 0.6 0.5
Manufacturing Production (%) -3.60 14 6.3 5.5 4.6 3.8
Total Vehicle Sales (Units) 85819.00 73800 65900 95500 41200 105200
Car Production (Hundred Units) 1709.00 1510 1950 1570 1290 1710
Car Registrations 76900.00 67900 102500 109500 109500 125500

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 73.00 75 84 81 86 105
Retail Sales MoM (%) 4.20 0.8 -0.8 0.5 1.1 0.6
Retail Sales YoY (%) -5.90 12 5.7 5.6 4.5 3.4
Consumer Spending (EUR Million) 159263.00 156975 171957 166430 164996 172088
Disposable Personal Income (EUR Million) 240872.00 276333 220873 251711 249543 260269
Consumer Credit (EUR Thousand) 637515851.00 772553957 688669558 666204064 660466422 688855002
Private Sector Credit (EUR Million) 1186019.00 1266097 1227930 1234834 1226344 1274349
Bank Lending Rate (%) 1.49 1.49 1.49 1.49 1.49 1.49
Households Debt To GDP (% of GDP) 61.20 62 62 62 60 60
Households Debt To Income (%) 93.01 102 102 102 100 100
Gasoline Prices (USD/Liter) 1.67 1.47 1.4 1.26 1.26 1.2

Housing Actual Q2 Q3 Q4 Q1 2022
Construction Output (%) -17.10 19 5.7 6.5 5.1 3.6
Housing Index (EUR/SQ. METRE) 1622.30 1450 1470 1490 1540 1650
Mortgage Approvals (Units) 27518.00 26300 19500 26700 26200 28700
New Home Sales (Thousand units) 10.13 4 5.5 7.5 8 9.8
Housing Starts (Thousand units) 2.32 2.5 2.4 2.6 2.1 1.5
Home Ownership Rate (%) 76.20 76.2 76.2 76.2 75.8 75.8
Existing Home Sales (Thousand) 33.06 25 23 26 29 32


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.