GDP

World economy 14th February 2023

Japan’s GDP rises by 1.1% in 2022, compared to 2.1% growth in 2021

Link Securities | According to data from the Japanese government cabinet, Japan’s gross domestic product (GDP) increased by 0.2% in 4Q2022 compared to 3Q2022, compared to a revised contraction of 0.3% in the previous quarter, although the reading was below the 0.5% growth expected by the analyst consensus, which was in line with the preliminary reading of the figure. Private consumption rose after the removal of tight border controls, and…

Spanish economy 25th January 2023

IMF believes Spain will not reach pre-pandemic GDP level until 2024 with growth of 2.4%.

Alphavalue /Divacons| According to the IMF, the slowdown in Spain’s projected growth in 2023 compared to last year “reflects the effects of higher energy and food prices, tighter financial conditions and weaker external demand”. The agency anticipates that activity will reach its pre-pandemic level in early 2024, when it expects GDP to grow by 2.4% and at a rate of 2.2% in 2025. As for inflation, the institution estimates an…

Spanish economy 23rd December 2022

Spanish economy slows as GDP grows a mere 0.1% in Q3

CdM | Spanish GDP grew a mere 0.1% in July-September, which is 1.9 percentage points lower than in the previous three-month period, according to the National Statistics Institute (INE). The revised GDP data is one-tenth of a percentage point lower than the preliminary reading of 0.2% growth published two months ago. Year-on-year growth in the third quarter was 4.4%, compared to 7.6% in the previous quarater, but up from a…

Spanish economy 1st August 2022

Spain’s GDP Year-On-Year Change Stands At 6.3%

Preliminary GDP for 2Q2022 shows +6.3% YoY growth vs +5.5% YoY estimated by market consensus. In quarter-on-quarter terms it shows +1.1% q/q vs +0.4% q/q estimated by consensus. Bankinter’s analysis team’s opinion:Preliminary data better than expected. After the slowdown in 1Q2022, the second quarter has been favoured by the recovery of Services activity and international Tourism. In our Q3 2022 Strategy we revise the projections for the year to +4.0%…

Spanish economy 3rd January 2022

Spanish Per Capita Income, At The Level Of 2015

Miguel Navascués | After reaching 22,169 euros at the end of 2019, Spanish per capita income had fallen to 19,429 euros by end-2020, a level very similar to that of 2015 (19,348 euros). Per capita income, or GDP per capita, depends on GDP growth and population growth, obviously. GDP growth depends, as we know, on the productivity growth of all factors, i.e. investment, technology, and the number of employees. Which…

Spanish economy 24th September 2021

Spain’s Final Q2’21 GDP Marks A Year-On-Year Increase Of 17.5%, Still Below Estimates Of 19.8%

According to National Institute of Statistics, Spanish GDP registered a rise of 1.1% in the second quarter of 2021 with respect to the previous quarter in volume terms. This rate is 1.7 points higher than that recorded in the first quarter and 1.7 points lower than that reported on 30 July. The year-on-year change in GDP stands at 17.5%, compared with -4.2% in the previous quarter. This rate is 2.3 points lower than that recorded on 30 July.

Spanish economy 10th August 2021

What ‘Soft Power’ Is And Why Spain Is A Powerhouse

The Conversation | Spain scores very well in some of the parameters that generate soft power. We have a gastronomy, a cultural heritage, writers, filmmakers and sportsmen of the highest level. All this creates a kind of affection and attraction towards Spain among the citizens of other countries, which results in economic benefits, either through tourism or through the consumption of products made in Spain. In other words, a country’s soft power is its capacity to weave alliances and influence in the international sphere through the interest that the cultural, political or economic attributes of its society arouse in the citizens of other nations.

World economy 23rd July 2021

World GDP Already Back To Pre-Crisis Levels

At the end of the first half of 2021, world GDP had already recovered end-2019 levels – after a decline of 3.5% in 2020 – thanks to the strong growth of the Chinese and US economies, according to calculations made in May by the OECD. Analysts at Oxford Economics agree in their calculations, which also talk about a GDP of 100.1% of 2019 in June 2021 and of a global…

Spanish economy 30th April 2021

Spain: GDP Falls By 0.5% In First Quarter

T. C. | The Spanish economy fell by 0.5% in the first quarter of the year, returning to negative values after having registered rates of 17.1% and 0.0%, respectively, in the third and last quarter of 2020. Analysts had expected a decline of 0.4%, so the figure is almost in line with forecasts.

Relevant News Item 9th March 2021

Eurozone Loses More Than 3 M Jobs In Pandemic Year

The number of employed in the Eurozone in the fourth quarter of 2020 reached 157.9 million. This represents a loss of 3.1 million jobs compared to the same period in 2019, before the impact of the pandemic, the EU statistics office Eurostat has reported. In the European Union as a whole, the number of employed people in the fourth quarter of 2020 was 206 million, a figure 3.5 million lower than in the same quarter of 2019.

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