Macroeconomic Outlook Report: Spain

Macroeconomic Outlook Report: Spain

Summary

Financial intermediation, real estate, and business activities contributed 24.2% to the gross value added (GVA) in 2023, followed by wholesale, retail, and hotels (20.0%) and mining, manufacturing, and utilities (17.5%). In nominal terms, the three sectors are expected to grow by 5.4%, 5.7%, and 5.2%, respectively, in 2024.

According to Eurostat, four major autonomous communities of Spain generated around 85.7% of GDP in 2022 and were home to 82% of the population in 2023.

The IBEX 35 index exhibited an upward trend over the past year. As of July 2, 2024, the index stood at 10,893.6, compared to 9,593 on July 2, 2023.

Scope

• Macroeconomic Country Outlook Reports evaluate a country's investment potential through its political, economic, social, technological, legal, and environmental (PESTLE) framework.
• This comprehensive analysis offers a holistic view of the economy, serving as a strategic tool to understand market dynamics, business potential, and operational direction. Each PESTLE factor is examined based on four parameters: current strengths, current challenges, future prospects, and future risks. These insights support strategic planning by highlighting opportunities and risks within the economy, helping businesses and investors make informed decisions.
• The report aims to provide a detailed understanding of the country's macroeconomic environment to facilitate effective decision-making and strategy development.

Reasons to Buy

• Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
• PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
• Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
• This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.