According to CaixaBank Research estimates, Cantabria’s GDP will grow by 2.6% in 2025, slightly less than the Spanish economy (2.9%). Poor-performing industry and exports and the sluggishness of its main trading partners stand in stark contrast to buoyant consumption, tourism and construction.
In 2025, Navarre AC’s economy is performing slightly more modestly than on average in Spain: we estimate GDP growth of 2.7% (2.9% in Spain). Growth is being constrained by weak exports and industrial activity, two key drivers for the region. Domestic tourism, consumption and employment are on a better footing, although they are still lagging behind the national average.
