Country Forecast Spain September 2018

2017 2018 2019 2020 2021 2022 Real GDP growth (%) 3.0 2.7 2.3 1.9 2.0 1.9 Consumer price inflation (av, %) 2.0 1.9 2.1 1.9 2.0 2.2 Budget balance (% of GDP) -3.1 -2.7 -1.9 -1.6 -1.4 -1.3 Current-account balance (% of GDP) 1.9 1.4 1.4 1.2 1.0 1.1 3-month Treasury rate (av; %) -0.3 -0.2 -0.1 0.4 0.9 1...

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Format: Dataset
Language:English
Subjects:
Aging
Consumption
Current accounts
Demographics
Demography
Economic forecasts
Economic growth
Economic indicators
Economic policy
Economic structure
Employment
Exports
Forecasts
Foreign exchange rates
Foreign investment
GDP
Gross Domestic Product
Immigration
Labor force
National debt
Parliaments
Politics
Population growth
Prices
Primaries & caucuses
Productivity
Purchasing power parity
Referendums
Terms of trade
VAT
Wages & salaries
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Summary:2017 2018 2019 2020 2021 2022 Real GDP growth (%) 3.0 2.7 2.3 1.9 2.0 1.9 Consumer price inflation (av, %) 2.0 1.9 2.1 1.9 2.0 2.2 Budget balance (% of GDP) -3.1 -2.7 -1.9 -1.6 -1.4 -1.3 Current-account balance (% of GDP) 1.9 1.4 1.4 1.2 1.0 1.1 3-month Treasury rate (av; %) -0.3 -0.2 -0.1 0.4 0.9 1.4 Exchange rate [euro]:US$ (av) 0.9 0.8 0.8 0.8 0.8 0.8 Spain is in a robust recovery phase, and we forecast real GDP growth of 2.7% in 2018. [...]to the decade up to the global financial crisis, we expect more restrained consumer market growth in 2018-22, owing to a much-reduced, but still sizeable, household debt overhang, slowing employment growth and higher inflation. 2018-30 2031-50 2018-50 Growth and productivity (% change; annual av) Growth of real GDP per head 1.6 0.9 1.2 Growth of real GDP 1.5 0.7 1.1 Labour productivity growth 0.9 1.6 1.3 Real GDP is forecast to grow by an annual average of 1.1% in 2018-50, with growth in the final two decades of our long-term forecast period (2018-50) slowing to just 0.8% as stark changes in the country's demographic profile exert a powerful drag on the economy. Fact sheet Annual data 2017a Historical averages (%) 2013-17b Population (m) 46.4 Population growth -0.2a GDP (US$ bn; market exchange rate) 1,314.1b Real GDP growth 2.8 GDP (US$ bn; purchasing power parity) 1,769.6 Real domestic demand growth 2.9a GDP per head (US$; market exchange rate) 28,349 Inflation 0.2 GDP per head (US$; purchasing power parity) 38,175 Current-account balance (% of GDP) 1.5 Exchange rate (av) [euro]:US$ 0.89b FDI inflows (% of GDP) 2.4 a Economist Intelligence Unit estimates. b Actual.
ISSN:0966-8659
2048-9668