Spain | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.70 0.6 0.6 0.5 0.5 0.4 percent [+]
Unemployment Rate 18.63 19.4 19 18.5 18.2 14.9 percent [+]
Inflation Rate 3.00 3.2 2.1 2.3 2.5 2.2 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -3134000.00 -1090000 -1990000 -2522604 -2020000 -1520000 EUR Thousand [+]
Government Debt to GDP 99.20 96.7 95.9 96.74 94 82 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.07 1.04 1.03 1.02 1.01 0.84 [+]
Stock Market 10367.60 9660 9560 9470 9270 7810 points [+]
Government Bond 10Y 1.64 1.71 1.72 1.74 1.76 2.03 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.70 0.6 0.6 0.5 0.5 0.4 percent [+]
GDP Annual Growth Rate 3.00 2.9 2.8 2.6 2.4 2 percent [+]
GDP 1199.06 1250 1270 1176 1320 1550 USD Billion [+]
GDP Constant Prices 282790.00 286000 288000 292056 291000 306000 EUR Million [+]
Gross Fixed Capital Formation 56164.00 59270 59600 59800 60100 67600 EUR Million [+]
GDP per capita 30587.55 31100 31200 31177 31600 33400 USD [+]
GDP per capita PPP 32814.45 33600 33700 33624 34000 35900 USD [+]
GDP From Agriculture 6937.00 6350 6380 6420 6460 6910 EUR Million [+]
GDP From Construction 14398.00 14150 14100 14150 14200 16900 EUR Million [+]
GDP From Manufacturing 36270.00 34100 34300 34420 34490 37500 EUR Million [+]
GDP From Public Administration 48170.00 48470 49090 49520 49760 53400 EUR Million [+]
GDP From Services 189427.00 200100 202450 204330 209330 228230 EUR Million [+]
GDP From Transport 60171.00 64640 65240 65850 66510 76600 EUR Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 18.63 19.4 19 18.5 18.2 14.9 percent [+]
Employed Persons 18508.10 18360 18420 18966 18760 19480 Thousand [+]
Unemployed Persons 3628.17 3820 3570 3464 3640 3320 Thousand [+]
Unemployment Change -9.36 -64.8 -116 32.9 -41.9 -21.1 Thousand [+]
Part Time Employment 2833.00 2850 2910 2696 2950 3410 Thousand [+]
Full Time Employment 15675.10 15560 15620 16269 15820 17200 Thousand [+]
Long Term Unemployment Rate 9.10 9.8 9.7 8.04 9.2 7.7 percent [+]
Youth Unemployment Rate 42.20 44.5 44.4 40.08 44.1 38.7 percent [+]
Productivity 109.50 103 105 114 110 116 Index Points [+]
Labour Costs 96.20 97.5 103 97.8 106 114 Index Points [+]
Job Vacancies 44.34 41.77 42.12 36.87 38.56 115 Thousand [+]
Wages 2010.73 1837 1946 1829 2068 2699 EUR/Month [+]
Minimum Wages 825.65 826 826 826 826 845 EUR/Month [+]
Population 46.45 46.32 46.32 46.37 46.28 46.11 Million [+]
Retirement Age Women 65.42 65.42 65.42 65.42 65.42 65.83 [+]
Retirement Age Men 65.42 65.42 65.42 65.42 65.42 65.83 [+]
Employment Change 0.80 0.5 0.7 0.63 1 2 percent [+]
Employment Rate 61.05 60.5 61.4 62.75 61.8 63.4 percent [+]
Wages High Skilled 2110.00 2150 2150 2063 2160 2390 EUR/Month [+]
Wages Low Skilled 876.00 884 884 885 889 940 EUR/Month [+]
Labor Force Participation Rate 58.95 59.7 59.8 59.17 60 63 percent [+]
Living Wage Family 1048.90 1620 1620 1072 1660 1840 EUR/Month [+]
Living Wage Individual 870.70 880 880 835 920 1200 EUR/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 3.00 3.2 2.1 2.3 2.5 2.2 percent [+]
Inflation Rate Mom -0.40 -0.3 0.3 0.5 0.8 0.5 percent [+]
Harmonised Consumer Prices 100.13 104 106 100 110 124 Index Points [+]
Consumer Price Index CPI 101.12 107 109 102 113 126 Index Points [+]
Core Consumer Prices 99.70 108 110 101 114 127 Index Points [+]
Core Inflation Rate 1.00 1.1 1.2 1.03 1.5 2.1 percent [+]
Producer Prices 109.10 111 113 115 117 137 Index Points [+]
Producer Prices Change 7.30 8.5 9.2 7.7 6.2 2.4 percent [+]
Export Prices 108.70 109 109 109 110 118 Index Points [+]
Import Prices 107.20 108 108 109 106 111 Index Points [+]
Food Inflation 1.70 1.8 2 2.05 2.3 2.6 percent [+]
Cpi Transportation 104.41 102 104 105 108 123 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.38 -0.1 0.1 -0.37 0.4 1.8 percent [+]
Money Supply M1 805298.00 795000 815000 851077 871000 1221000 EUR Million [+]
Money Supply M2 1124128.00 1270000 1310000 1127421 1420000 2200000 EUR Million [+]
Money Supply M3 1196743.00 1360000 1400000 1207374 1500000 2270000 EUR Million [+]
Banks Balance Sheet 2697060.00 2890000 3120000 3250000 3380000 4060000 EUR Million [+]
Foreign Exchange Reserves 61006.15 61452 62339 62877 63224 63810 EUR Million [+]
Loans to Private Sector 489366.00 536000 551000 476305 571000 635000 EUR Million [+]
Central Bank Balance Sheet 600156.00 557000 563000 632735 584000 774000 EUR Million [+]
Private Debt to GDP 215.66 200 197 195 192 173 percent [+]
Loan Growth 1.10 0.9 1.1 1.2 1.5 2 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -3134000.00 -1090000 -1990000 -2522604 -2020000 -1520000 EUR Thousand [+]
Exports 21440000.00 21600000 21900000 20900000 19700000 20600000 EUR Thousand [+]
Imports 24574000.00 22700000 23900000 23700000 21700000 22100000 EUR Thousand [+]
Current Account 3409.00 1110 2050 1560 3250 3640 EUR Million [+]
Current Account to GDP 1.50 0.3 0.3 0.91 0.3 0.8 percent [+]
Terms of Trade 101.30 106 106 102 106 114 Index Points [+]
Foreign Direct Investment 1308.00 3580 2970 -1620 2390 2320 EUR Million [+]
Capital Flows 10017.00 4560 4560 4007 4004 4005 EUR Million [+]
Remittances 2607.00 2469 3025 2602 3698 3899 EUR Million [+]
Tourist Arrivals 3904.30 5020 7890 7560 3940 5150 [+]
Gold Reserves 281.58 282 282 282 282 282 Tonnes [+]
External Debt 1890465000.00 1899285000 1912576000 1975045746 1935851000 2031138000 EUR Thousand [+]
Crude Oil Production 3.00 5 5 2.99 5 5 BBL/D/1K [+]
Weapons Sales 1279.00 914 977 1040 1082 1252 USD Million [+]
Terrorism Index 1.20 2.62 2.62 1.22 2.62 2.62 [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 99.20 96.7 95.9 96.74 94 82 percent [+]
Government Budget -5.10 -3.2 -3.2 -4.35 -3.2 -1.1 percent of GDP [+]
Government Budget Value -26413.00 -8500 -20900 -25100 -29600 -26400 EUR Million [+]
Government Spending 52318.00 53900 54100 52567 54400 56600 EUR Million [+]
Government Spending to GDP 43.30 42.2 42.4 41.68 41.8 40.6 percent [+]
Government Debt 1107693029.00 1117000000 1125000000 1160201886 1145000000 1231000000 EUR Thousand [+]
Asylum Applications 1705.00 920 1480 1860 1420 1090 persons [+]
Military Expenditure 16928.90 17099 17451 17802 17782 17625 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 1.90 1.5 -1 1.5 -0.9 -4 [+]
Manufacturing PMI 54.80 52.7 53.2 52.9 53.4 53.2 [+]
Services PMI 57.00 53.8 55.1 54.9 54.4 52.4 Index Points [+]
Industrial Production 2.50 2.4 2.2 2.61 1.9 0.9 percent [+]
Industrial Production Mom 0.30 0.5 0.2 0.6 0.2 0.2 percent [+]
Manufacturing Production 1.30 3.2 3 1.58 2.8 1.8 percent [+]
Capacity Utilization 77.59 78.5 78.3 77.93 78.3 79.6 percent [+]
New Orders -3.00 -7 -5 -6 -4 4 percent [+]
Changes in Inventories 1362.00 1000 915 867 847 751 EUR Million [+]
Bankruptcies 1309.00 1050 980 950 890 647 Companies [+]
Total Vehicle Sales 97796.00 117200 128600 81300 94200 115500 [+]
Car Production 2217.00 2340 2650 2850 1750 1930 Thousand Units [+]
Car Registrations 104441.00 92000 103900 100250 99800 109800 Cars [+]
Cement Production 1190.27 1150 1350 1250 1120 1660 Thousands of Tonnes [+]
Competitiveness Index 4.68 4.72 4.72 4.6 4.72 4.82 Points [+]
Competitiveness Rank 32.00 31 31 31 31 28 [+]
Ease of Doing Business 32.00 32 32 36.99 32 29 [+]
Electricity Production 26855.00 23800 21200 21150 22900 23700 Gigawatt-hour [+]
Corruption Index 58.00 59 59 58 59 62 Points [+]
Corruption Rank 41.00 35 35 36.58 35 32 [+]
Steel Production 1087.00 1120 1190 1170 980 1260 Thousand Tonnes [+]
Mining Production -10.20 -0.8 -0.2 0.2 0.1 1.5 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 95.10 97.9 99.6 102 105 103 [+]
Retail Sales MoM -1.10 -0.2 0.6 0.4 0.7 0.3 percent [+]
Retail Sales YoY 0.10 3.4 3 0.52 3.1 1.9 percent [+]
Consumer Spending 160735.00 167000 169000 164325 174000 190000 EUR Million [+]
Disposable Personal Income 190209.00 196000 198000 197252 201000 217000 EUR Million [+]
Personal Savings 1.76 0.4 15.1 4.8 14 12 percent [+]
Consumer Credit 652487929.00 688000000 694000000 638150299 708000000 797000000 EUR Thousand [+]
Private Sector Credit 1237865.00 1390000 1430000 1212916 1520000 1940000 EUR Million [+]
Bank Lending Rate 1.29 1.18 1.15 1.25 1.39 3.36 percent [+]
Households Debt To Gdp 65.20 64.74 65.32 61.96 61.54 54.52 percent of GDP [+]
Households Debt To Income 107.08 110 107 103 104 97.6 percent [+]
Gasoline Prices 1.32 1.23 1.26 1.31 1.31 1.59 USD/Liter [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Construction Output 3.20 6 4.9 2.88 2.8 0.8 percent [+]
Housing Index 1512.00 1534 1545 1551 1562 1832 EUR/SQ. METRE [+]
Existing Home Sales 31.63 28.56 32.54 31.74 28.22 34.63 Thousand [+]
Housing Starts 0.77 3.11 4.65 5.25 6.12 12.54 Thousand [+]
Home Ownership Rate 78.20 78 78 78.64 78 76.4 percent [+]
Mortgage Approvals 20747.00 23600 26400 22400 24300 32900 Units [+]
New Home Sales 6.83 5.99 6.65 6.48 6.5 12.5 Thousand [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 25.00 28 28 25 28 28 percent [+]
Personal Income Tax Rate 45.00 46 46 45 46 46 percent [+]
Sales Tax Rate 21.00 21 21 21 21 21 percent [+]
Social Security Rate 36.25 36.25 36.25 36.25 36.25 36.25 percent [+]
Social Security Rate For Companies 29.90 29.9 29.9 29.9 29.9 29.9 percent [+]
Social Security Rate For Employees 6.35 6.35 6.35 6.35 6.35 6.35 percent [+]





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. 3/30/2017