The in-person purchases made by international tourists increased by 25.7% year-on-year between August 10 and 16 in those Spanish provinces where the solar eclipse on August 12 was seen with a coverage of 100% over most of its surface. This increase represents almost 12 percentage points more than the spending...
Spain has strongly increased its defense investment to place it at an annual average of 4.750 million euros in 2025, which implies multiplying by 6.5 (an increase of 550.7%) the 730 million average recorded between 2013 and 2024. This is stated in a report by BBVA Research, which maintains that...
Artificial intelligence (AI) could add between 0.8 and 1.3 percentage points to the annual growth of labor productivity in G7 economies if adoption is rapid, compared to an increase of only between 0.2 and 0.4 points in a slow implementation scenario. This is noted in a study by BBVA Research,...
The non-tourist services have become the main driver of a new phase of the Spanish external sector, at a time when the industry is undergoing an intense transformation process linked to technological, energy, and geopolitical changes. This is stated in the Technical Note "The recomposition of the Spanish export sector,"...
BBVA Research has noted this Tuesday that the mismatch between the available supply and the demand for housing in Spain will continue to be reflected in prices, which, according to its forecasts, will increase by 12% in 2026 and 5.7% in 2027. In a new report released today, BBVA's research...
BBVA Research has released its GDP growth projections by autonomous communities for 2026 this Wednesday, placing the Valencian Community as the region with the highest increase, at 3%, driven by reconstruction aid after the DANA. Behind it would be the Community of Madrid (2.7%), the Balearic Islands (2.6%), Andalusia (2.6%),...
The chief economist of BBVA Group and director of BBVA Research, Jorge Sicilia, considers that, after the cancellation of the new European fighter jet project, national positions continue to weigh on the defense debate, although he is confident that other attractive areas will emerge to channel investment.In a press conference...
BBVA Research keeps its growth forecast for the Spanish economy unchanged at 2.4% for 2026, but cuts the projection for Gross Domestic Product (GDP) growth in 2027 by three tenths, to 2.1%, as a consequence of the rebound and persistence of energy prices.The latest "Situación España" report from BBVA's research...
Tourism in Spain maintained a notable momentum in the first four months of 2026, with a year-on-year increase of 4.7% in total visitor spending, according to the most recent report from BBVA Research. The document highlights a progressive shift in the distribution of tourist flows, which are increasingly oriented towards...
People born outside of Spain show a disproportionate presence in temporary contracts and, increasingly, in permanent-discontinuous contracts, in addition to carrying out their activity to a greater extent during unusual hours, such as weekends, afternoons, and nights.This is evident from the latest "Quarterly Observatory of the Labor Market," released this...
The Foundation for Applied Economic Research (Fedea) and BBVA Research point to a rebound in the pace of job creation in the second quarter of the year and estimate that Social Security affiliation could grow by around 0.7% quarterly between April and June.These forecasts are included in the "Quarterly Labor...
The tourist spending by card in Spain advanced 4.7% in the first four months of 2026, but it did so at a somewhat slower pace, with a deceleration of 1.8 percentage points compared to the end of 2025. This lower momentum occurs in an environment of generalized price increases and...
Comunidad Valenciana (3%), Comunidad de Madrid (2.7%), Balearic Islands (2.5%), Canary Islands (2.5%) and Murcia (2.5%) are among the autonomous communities that will record a greater GDP growth in 2026, growing above the national average, according to the forecasts of BBVA Research, which maintains its estimate of an increase of...