Spanish economy

IPC carburantes

Spanish Treasury profits from Iran conflict: nearly €300 million extra collected in March due to fuel price hikes

The Government has yet to activate any aid plan to mitigate the impact of energy prices on households, businesses, and the self-employed. Consequently, public coffers are amassing millions following the restoration of tax rates that had been previously reduced after the war in Ukraine. Specifically, the recovery of VAT, the end of the gas price cap, and the progressive increase in electricity taxes pushed tax collection at the end of…


housing spain

House prices in Spain rose 12.7% on average in 2025

Overall, the price of unsubsidized housing (vivienda libre) in Spain soared by an average of 12.7% last year—4.3 percentage points higher than the increase recorded in 2024 and its largest spike since 2007, when it rose by 9.8%, according to the Housing Price Index. With the 2025 increase, housing prices have now seen 12 consecutive years of growth. The 2025 figure is the highest in the INE (National Statistics Institute)…


Employment

Spanish service sector returns to growth in February (51.9 points), but at slowest pace since June

CdM | The Spanish service sector economy continued to expand in February, but once again did so at a slower pace, due to less rapid growth in demand and weaker market conditions. This is according to the Purchasing Managers’ Index (PMI) for the Spanish service sector, which stood at 51.9 points in the second month of the year, according to S&P Global and Hamburg Commercial Bank (HCOB). Although it remained…


exports gorgeous

Spanish exports (up 0.7% compared to EU’s 2.4%) lose ground in 2025

Throughout 2025, Spain recorded a trade deficit of €57.1 billion, a figure 47.1% higher than that of 2024. In 2025, imports increased by 4.6% compared to 2024, reaching €444.2 billion, while exports rose by 0.7% to €387.1 billion. By contrast, EU exports grew by 2.4%, with Italy up 3.3%, France at 2.3%, and Germany at 0.9%. Outside the bloc, the UK saw growth of 3.2%, Japan 3.1%, and China 6.1%….


3. Public debt

Spanish public debt grows by 4.8% in 2025, accounting for 100% of GDP

According to data released by the Bank of Spain (BdE), Spain’s public debt increased by 4.8% in 2025 compared to 2024 (an increase of €78.108 billion), reaching €1,698,681 million. This represents a new record high for a year-end closing, although the figure remained below the monthly record of €1,709,330 million registered last September. Consequently, the total debt for all Public Administrations closed 2025 at 100.8% of GDP, which is 0.9…


BBVA Holvi

BBVA reports 4Q25 attributable profit of €2,533m, slight miss versus company consensus

Jefferies | BBVA reported 4Q25 attributable profit of €2,533m, which was a slight miss versus company consensus of €2,554m. PBT was a slight miss as well, with PPP a 2% beat. Group top line was a 2% beat, but partly offset by costs 3% higher than consensus. Impairments were a 9% miss. By geography, beats in Spain and Mexico, offset by Turkey missing. Final dividend of 60c per share announced….


Closed

77% of companies created this century no longer exist

Four out of every ten companies created in 2019—the year prior to the pandemic—failed to endure and were forced to close their doors. This percentage is still far from the “bloodbath” of the Great Recession: 73% of those set up in 2007, the year before the first major crisis of the 21st century, have disappeared. This is according to the latest report by Iberinform, which confirms that “business survival in…


exports gorgeous

Trade Deficit Surges 40% as Exports Stagnate

According to data published by the Ministry of Economy, Trade and Business, Spain’s trade deficit reached €51,481 million between January and November 2025 (11M2025), representing a spike of over 40% compared to the same period in 2024. The coverage rate (the percentage ratio of exports to imports) stood at 87.4% through November, down from the 90.8% recorded during the same period in 2024. In 11M2025, Spanish goods exports increased by…


renewables

Belgian Courts Seize €482 Million from Spanish State-Owned Enaire Over Unpaid Renewable Energy Awards

The Belgian justice system has ordered the seizure of €482.4 million linked to Eurocontrol payments destined for Enaire, the Spanish state-owned air navigation service provider. This measure serves as a mechanism to guarantee the collection of outstanding compensation owed to investors affected by retroactive cuts to renewable energy subsidies. The move follows legal actions taken by OperaFund, a fund that obtained a favorable ruling in 2019 from ICSID (the World…


Spanish banks credit lending

Government Caps Consumer Credit at 22%

To limit the cost of credit, the Government is using the APR (Annual Percentage Rate) as a reference, as this indicator reflects the final price paid by the customer, including all expenses associated with the loan. The APR offered by financial institutions may not exceed a specific maximum level, which will be set based on the average consumer credit rate published by the Bank of Spain, plus a margin depending…