Spain | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.70 0.6 0.6 0.7 0.5 0.4 percent [+]
Unemployment Rate 18.91 18.7 19.4 19 18.5 14.9 percent [+]
Inflation Rate 0.70 0.5 0.7 0.9 1.1 2 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -2230800.00 -2040000 -1090000 -1990000 -1997990 -1520000 EUR Thousand [+]
Government Debt to GDP 99.20 97.6 96.7 95.9 89.23 82 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 1.07 1.05 1.04 1.03 1.02 0.85 [+]
Stock Market 8927.97 8630 8540 8450 8360 6970 points [+]
Government Bond 10Y 1.47 1.61 1.62 1.64 1.65 1.91 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.70 0.6 0.6 0.7 0.5 0.4 percent [+]
GDP Annual Growth Rate 3.20 3.1 2.8 2.7 2.6 2 percent [+]
GDP 1199.06 1230 1250 1270 1136 1550 USD Billion [+]
GDP Constant Prices 279626.00 284000 286000 288000 289768 306000 EUR Million [+]
Gross Fixed Capital Formation 55860.00 58810 59270 59600 59800 67600 EUR Million [+]
GDP per capita 30587.55 31000 31100 31200 32131 33400 USD [+]
GDP per capita PPP 32814.45 33400 33600 33700 34730 35900 USD [+]
GDP From Agriculture 6270.00 6320 6350 6380 6420 6910 EUR Million [+]
GDP From Construction 14134.00 13980 14150 14100 14150 16900 EUR Million [+]
GDP From Manufacturing 36037.00 34000 34100 34300 34420 37500 EUR Million [+]
GDP From Public Administration 48232.00 48390 48470 49090 49520 53400 EUR Million [+]
GDP From Services 188083.00 198880 200100 202450 204330 228230 EUR Million [+]
GDP From Transport 59282.00 63860 64640 65240 65850 76600 EUR Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 18.91 18.7 19.4 19 18.5 14.9 percent [+]
Employed Persons 18527.50 18400 18360 18420 18966 19480 Thousand [+]
Unemployed Persons 3737.38 3690 3820 3570 3467 3320 Thousand [+]
Unemployment Change 24.84 -51.9 -64.8 -116 32.9 -21.1 Thousand [+]
Part Time Employment 2697.10 2940 2850 2910 2696 3410 Thousand [+]
Full Time Employment 15830.40 15590 15560 15620 16269 17200 Thousand [+]
Long Term Unemployment Rate 9.80 10 9.8 9.7 8.04 7.7 percent [+]
Youth Unemployment Rate 42.60 44.7 44.5 44.4 38.06 38.7 percent [+]
Labour Costs 101.90 106 97.5 103 97.8 114 Index Points [+]
Productivity 104.10 109 103 105 114 116 Index Points [+]
Job Vacancies 41.04 37.7 36.68 38.23 36.87 115 Thousand [+]
Wages 1943.01 2032 1837 1946 1829 2699 EUR/Month [+]
Minimum Wages 764.40 764 826 826 826 845 EUR/Month [+]
Population 46.45 46.32 46.32 46.32 46.31 46.11 Million [+]
Retirement Age Women 65.25 65.25 65.25 65.25 65.25 66 [+]
Retirement Age Men 65.25 65.25 65.25 65.25 65.25 66 [+]
Employment Change 0.50 0.6 0.5 0.7 0.51 2 percent [+]
Employment Rate 61.12 60.9 60.5 61.4 62.75 63.4 percent [+]
Wages High Skilled 2110.00 2140 2150 2150 2063 2390 EUR/Month [+]
Wages Low Skilled 876.00 880 884 884 885 940 EUR/Month [+]
Labor Force Participation Rate 59.28 59.5 59.7 59.8 59.17 63 percent [+]
Living Wage Family 1540.00 1580 1620 1620 1660 1840 EUR/Month [+]
Living Wage Individual 797.00 840 880 880 920 1200 EUR/Month [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 0.70 0.5 0.7 0.9 1.1 2 percent [+]
Inflation Rate Mom 0.30 0.2 0.4 0.3 0.5 0.5 percent [+]
Harmonised Consumer Prices 100.71 102 104 106 100 124 Index Points [+]
Consumer Price Index CPI 104.14 105 107 109 104 126 Index Points [+]
Core Consumer Prices 105.27 106 108 110 105 127 Index Points [+]
Core Inflation Rate 0.79 1 1.1 1.2 0.79 2.1 percent [+]
Producer Prices 106.70 107 108 110 109 125 Index Points [+]
Producer Prices Change 0.20 -2 -1.2 -0.4 2.27 1.9 percent [+]
Export Prices 108.20 109 109 109 108 118 Index Points [+]
Import Prices 102.20 102 102 102 102 111 Index Points [+]
Food Inflation 0.30 1.9 1.8 2 0.01 2.6 percent [+]
Cpi Transportation 99.55 100 102 104 99.93 123 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.34 -0.2 -0.1 0.1 -0.35 1.8 percent [+]
Money Supply M1 761898.00 778000 795000 815000 836994 1221000 EUR Million [+]
Money Supply M2 1115569.00 1220000 1270000 1310000 1149281 2200000 EUR Million [+]
Money Supply M3 1202822.00 1310000 1360000 1400000 1214561 2270000 EUR Million [+]
Banks Balance Sheet 2808441.00 3170000 3250000 3320000 2491988 4060000 EUR Million [+]
Foreign Exchange Reserves 59764.09 61009 62463 63336 63894 64846 EUR Million [+]
Loans to Private Sector 493936.00 524000 536000 551000 465711 635000 EUR Million [+]
Central Bank Balance Sheet 549025.00 545000 557000 563000 579389 774000 EUR Million [+]
Private Debt to GDP 215.66 200 197 195 192 173 percent [+]
Loan Growth 1.20 1 0.9 1.1 1.2 2 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -2230800.00 -2040000 -1090000 -1990000 -1997990 -1520000 EUR Thousand [+]
Exports 21431600.00 19600000 21600000 21900000 20900000 20600000 EUR Thousand [+]
Imports 23662400.00 21600000 22700000 23900000 23700000 22100000 EUR Thousand [+]
Current Account 1473.00 2980 1110 2050 1560 3640 EUR Million [+]
Current Account to GDP 1.50 1.1 0.3 0.3 0.33 0.8 percent [+]
Terms of Trade 105.90 106 106 106 106 114 Index Points [+]
Foreign Direct Investment 4545.00 2210 3580 2970 -1620 2320 EUR Million [+]
Capital Flows -1778.00 4560 4560 4560 1279 1279 EUR Million [+]
Remittances 2768.00 3621 2469 3025 2602 3899 EUR Million [+]
Tourist Arrivals 7137.85 3760 5020 7890 7560 5150 [+]
Gold Reserves 281.58 282 282 282 282 282 Tonnes [+]
External Debt 1878489000.00 1885394000 1899285000 1912576000 1975045746 2031138000 EUR Thousand [+]
Crude Oil Production 3.00 5 5 5 2.99 5 BBL/D/1K [+]
Terrorism Index 1.20 2.62 2.62 2.62 0.57 2.62 [+]
Weapons Sales 1279.00 914 977 1040 1082 1252 USD Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 99.20 97.6 96.7 95.9 89.23 82 percent [+]
Government Budget -5.10 -3.9 -3.2 -3.2 -3.73 -1.1 percent of GDP [+]
Government Budget Value -28531.00 -29800 -8500 -20900 -25100 -26400 EUR Million [+]
Government Spending 53663.00 53700 53900 54100 54602 56600 EUR Million [+]
Government Spending to GDP 43.30 42.6 42.2 42.4 41.51 40.6 percent [+]
Government Debt 1106693467.00 1112000000 1117000000 1125000000 1160201886 1231000000 EUR Thousand [+]
Asylum Applications 1005.00 1220 920 1480 1860 1090 persons [+]
Military Expenditure 16928.90 17099 17451 17802 17782 17625 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 0.30 -2.1 -0.7 -1 -0.02 -4 [+]
Manufacturing PMI 54.50 52.2 52.7 53.2 52.9 53.2 [+]
Services PMI 55.10 54.2 53.8 55.1 54.9 52.4 Index Points [+]
Industrial Production 0.50 2.7 2.4 2.2 2.43 0.9 percent [+]
Industrial Production Mom 0.10 -0.2 0.5 0.2 0.6 0.2 percent [+]
Manufacturing Production -0.40 3.5 3.2 3 6.91 1.8 percent [+]
Capacity Utilization 79.21 77.9 78.5 78.3 79.03 79.6 percent [+]
New Orders -7.00 -4 -7 -5 -6 4 percent [+]
Changes in Inventories 1096.00 553 462 413 385 294 EUR Million [+]
Bankruptcies 995.00 995 1050 980 950 647 Companies [+]
Total Vehicle Sales 92653.00 86900 117200 128600 81300 115500 [+]
Car Production 1913.00 1690 2340 2650 2850 1930 Thousand Units [+]
Car Registrations 107663.00 95300 92000 103900 100250 109800 Cars [+]
Cement Production 1309.14 1090 1150 1350 1250 1660 Thousands of Tonnes [+]
Competitiveness Index 4.68 4.68 4.72 4.72 4.6 4.82 Points [+]
Competitiveness Rank 32.00 32 31 31 31 28 [+]
Ease of Doing Business 32.00 33 32 32 36.9 29 [+]
Electricity Production 22539.00 22700 23800 21200 21150 23700 Gigawatt-hour [+]
Corruption Index 58.00 58 59 59 61.16 62 Points [+]
Corruption Rank 36.00 36 35 35 35.91 32 [+]
Steel Production 1189.00 956 1120 1190 1170 1260 Thousand Tonnes [+]
Mining Production -11.20 -2.5 -0.8 -0.2 0.2 1.5 percent [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 99.40 96.5 97.9 99.6 102 103 [+]
Retail Sales MoM -0.10 0.4 -0.2 0.6 0.4 0.3 percent [+]
Retail Sales YoY 2.20 3.8 3.4 3 2.65 1.9 percent [+]
Consumer Spending 158219.00 165000 167000 169000 164387 190000 EUR Million [+]
Disposable Personal Income 221362.00 194000 196000 198000 197252 217000 EUR Million [+]
Personal Savings 16.10 14.2 0.4 15.1 4.8 12 percent [+]
Consumer Credit 665229939.00 682000000 688000000 694000000 661741025 797000000 EUR Thousand [+]
Private Sector Credit 1246906.00 1350000 1390000 1430000 1199509 1940000 EUR Million [+]
Bank Lending Rate 1.59 1.08 1.18 1.15 1.25 3.36 percent [+]
Gasoline Prices 1.24 1.21 1.23 1.26 1.19 1.59 USD/Liter [+]
Households Debt To Gdp 66.40 65.32 64.74 65.32 61.79 53.95 percent of GDP [+]
Households Debt To Income 107.08 110 110 107 99.55 97.6 percent [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Construction Output 3.90 5.2 6 4.9 4.08 0.8 percent [+]
Housing Index 1499.70 1525 1534 1545 1551 1832 EUR/SQ. METRE [+]
Existing Home Sales 28.87 24.89 28.56 32.54 31.74 42.13 Thousand [+]
Housing Starts 0.58 2.45 3.11 4.65 5.25 12.54 Thousand [+]
Home Ownership Rate 78.20 78.2 78 78 78.71 76.4 percent [+]
Mortgage Approvals 26667.00 21500 23600 26400 22400 32900 Units [+]
New Home Sales 6.06 6.07 6.27 6.65 6.48 12.5 Thousand [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 25.00 28 28 28 25 28 percent [+]
Personal Income Tax Rate 45.00 46 46 46 45 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. 12/7/2016