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Basque Country
In 2025, the Basque economy was somewhat more sluggish than it was across Spain: we estimate that GDP grew by 2.5% (vs. 2.9%). This is mainly due to the weakness of industry, which is highly important in the region, hit by sluggish foreign demand. On a positive note,…
The key ingredients for Spain’s regions to boost productivity
We conclude the Dossier «An analysis of European productivity» by identifying the factors that hinder productivity growth in the Spanish economy, and those that could drive it, focusing on the evolution of productivity in the various autonomous community regions and…
Key factors driving productivity improvements at the European regional level
In the third article of the Dossier «An analysis of European productivity», we conduct an in-depth analysis of the key economic factors driving productivity at the European regional level and their quantitative contribution.
Factors shaping regional productivity disparities in Europe
In the second article of the Dossier «An analysis of European productivity», we review a broad set of variables covering institutional, geographical and technological aspects, as well as others linked to the economy’s productive fabric, in order to distinguish the…
Editorial
Words for the economic labyrinth
Key points of the month
Outlook and challenges for the Spanish economy in 2026
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Financial markets
Update date 12-01-2026
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Fed Funds | 5.25 | 4.25 | 3.50 | 3.00 |
| ECB Refi | 4.50 | 3.24 | 2.15 | 2.15 |
Macroeconomic
Update date 12-01-2026
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Euro area GDP | 1.1 | 0.9 | 1.3 | 1.2 |
| Spain GDP | 2.5 | 3.5 | 2.9 | 2.1 |
| US GDP | 2.9 | 2.8 | 1.8 | 1.9 |
