Spanish economy

spain public finances

State-owned enterprises push headcount to more than twenty-year high: 198,500 workers

The increase in public employment, at rates that—proportionately—surpass those of the private sector, is a trend that has been repeated quarter after quarter since the end of the pandemic. Less well-known, however, is the intensity with which this boom is manifesting in the government subsector corresponding to state-owned enterprises and related institutions. This category, as explained by the newspaper El Economista, already brings together 198,500 workers. Nearly 200,000 wage earners….


Gibraltar

Treasury updates tax havens list, from Anguilla to Vanuatu

The Spanish Treasury has submitted to public consultation—until last Monday, June 1—the Draft Order that will modify the list of “countries, territories, and harmful tax regimes deemed non-cooperative jurisdictions.” Among the updates, the most notable is the proposed removal of Gibraltar, Dominica, Barbados, Seychelles, and Trinidad and Tobago as non-cooperative jurisdictions, meaning they would no longer appear on the Spanish blacklist. Conversely, the Draft Order plans to incorporate the tax…


stock markets 777x400 1

Spanish Stock Market traded €42.277 billion in May, up 32.7%

The Spanish stock market traded €42.277 billion in equities last May, representing a 32.7% increase compared to the volume recorded in the same month of the previous year, according to the monthly report on markets operated by Bolsas y Mercados Españoles (BME) published yesterday. Although the trading volume in May fell by 3.8% compared to April, the accumulated total for the first five months of the year already reaches €216.913…


espana chinchetasCM

DBRS affirms rating for Spain at A (high), with stable outlook, in line with other agencies such as S&P

The rating agency considers that the risks to the outlook are balanced, despite downward pressure from external events. The economy continues to grow above the EU average and is supported by funds (NGEU). Weaknesses include the lack of a budget approval since 2023, comparatively low levels of per capita income and a high, albeit declining, public debt ratio. Analysis team’s view: unsurprisingly, the DBRS rating is in line with that…


inflacion precios 1

Preliminary inflation in Spain for May remains at 3.2% amid energy crisis caused by war in Iran

Reported by Consejeros Editorial Team The CPI maintained its year-on-year rate at 3.2% in May and has now been above 3% for three consecutive months amid the energy shock caused by the war in Iran, according to data released on Friday by the National Statistics Institute (INE) and reported by Europa Press. The agency explained that in May’s inflation performance, transport and recreational activities, sport and culture pushed prices up,…


bitcoin bullish

CNMV attempts to bring order to ‘finfluencer’ jungle

The Spanish National Securities Market Commission (CNMV) has reminded financial influencers (‘finfluencers’) that they must be “prudent” when discussing crypto-assets on social media. “You must not use social media to spread false or misleading information about cryptocurrencies. You could be subject to a disciplinary proceeding for market abuse,” notes the newly published guide—‘Finfluencers: How to Act Responsibly’—which aims to help individuals who discuss investment and financial markets understand the implications…


wages

Eurostat: real wages rise only 6% in Spain over last 30 years

These are findings from Eurostat. While in neighboring countries real wages have risen by 27% (France) and 26% (Portugal), in Spain they have only grown by 6% over the last 30 years. This explains why, while the Spanish government boasts that Spain is the fastest-growing country in the Eurozone—driven by half a million immigrants per year, public debt growing at 4.7% annually, and NextGen funds that are not reaching businesses—Spaniards…


Juanma Moreno (PP Andalucía)

PP win 53 seats, almost doubling PSOE’s 28, in Andalusian elections

Yesterday, 64.8% of the 6.8 million Andalusians called to the polls cast their votes, and the victory of the People’s Party (Partido Popular) was incontestable. Securing 1.7 million votes (41.6%) and 53 seats, it ensures that Juanma Moreno, the leader of the Andalusian PP, will remain in the San Telmo Palace for another 4 years. However, their indisputable victory carries a bittersweet undertone, as they dropped 5 seats, meaning they…


spain flag crisis concept 1379 4664

First-quarter growth slows to 0.6%

According to the preliminary estimate released by the National Statistics Institute (INE), Spain’s Gross Domestic Product (GDP) increased by 0.6% in Q1 2026 compared to the previous quarter. This rate was two-tenths of a percentage point lower than that recorded in Q4 2025. In Q1 2026, domestic demand contributed 0.4 percentage points to the quarter-on-quarter GDP growth, while external demand contributed 0.2 points. Breakdown by Demand Aggregates Household final consumption…


inflation board

Inflation rises to 3.2%

According to the National Statistics Institute (INE), Spain’s Consumer Price Index (CPI) rose by 0.4% in April compared to March, based on preliminary data. The FactSet analyst consensus had expected a slightly higher CPI increase of 0.6% for the month. On an year-on-year basis (also according to preliminary readings), Spain’s CPI climbed 3.2% in April (down from 3.4% in March), which was also lower than the 3.4% projected by analysts….