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Castile and León

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Although employment is performing more sluggishly than average, there is a more positive trend in industry and exports, bolstered by a stronger performing motor vehicle industry, while favourable weather conditions are aiding the recovery of the agricultural sector. " /><link rel="canonical" href="https://www.caixabankresearch.com/en/publications/autonomous-community-profiles/castile-and-leon" /><meta name="robots" content="index, follow" /><link rel="image_src" href="https://www.caixabankresearch.com/sites/default/files/styles/share/public/content/image/2021/10/15/49/cc_castilla_leon.jpg?itok=aBVeE78j" /><meta property="og:site_name" content="CaixaBank Research" /><meta property="og:url" content="https://www.caixabankresearch.com/en/publications/autonomous-community-profiles/castile-and-leon" /><meta property="og:title" content="Castile and León" /><meta property="og:description" content="According to our estimates, Castile and León’s GDP will grow by 2.4% in 2024, slightly less than the Spanish economy as a whole (2.8%). Although employment is performing more sluggishly than average, there is a more positive trend in industry and exports, bolstered by a stronger performing motor vehicle industry, while favourable weather conditions are aiding the recovery of the agricultural sector. " /><meta property="og:image" content="https://www.caixabankresearch.com/sites/default/files/styles/share/public/content/image/2021/10/15/49/cc_castilla_leon.jpg?itok=aBVeE78j" /><meta property="og:image:url" content="https://www.caixabankresearch.com/sites/default/files/styles/share/public/content/image/2021/10/15/49/cc_castilla_leon.jpg?itok=aBVeE78j" /><meta property="og:image:secure_url" content="https://www.caixabankresearch.com/sites/default/files/styles/share/public/content/image/2021/10/15/49/cc_castilla_leon.jpg?itok=aBVeE78j" /><meta property="article:published_time" content="2024-11-20T08:40:08+01:00" /><meta property="article:modified_time" content="2024-11-20T12:31:26+01:00" /><meta name="twitter:card" content="summary_large_image" /><meta name="twitter:description" content="According to our estimates, Castile and León’s GDP will grow by 2.4% in 2024, slightly less than the Spanish economy as a whole (2.8%). Although employment is performing more sluggishly than average, there is a more positive trend in industry and exports, bolstered by a stronger performing motor vehicle industry, while favourable weather conditions are aiding the recovery of the agricultural sector. " /><meta name="twitter:title" content="Castile and León" /><meta name="twitter:image" content="https://www.caixabankresearch.com/sites/default/files/styles/share/public/content/image/2021/10/15/49/cc_castilla_leon.jpg?itok=aBVeE78j" /><meta name="Generator" content="Drupal 9 (https://www.drupal.org)" /><meta name="MobileOptimized" content="width" /><meta name="HandheldFriendly" content="true" /><meta name="viewport" content="width=device-width, initial-scale=1.0" /><script type="application/ld+json">{"@context": "https://schema.org","@graph": [{"@type": "NewsArticle","headline": "Castile and León","name": "Castile and León","description": "According to our estimates, Castile and León’s GDP will grow by 2.4% in 2024, slightly less than the Spanish economy as a whole (2.8%). 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property="schema:name">2025 global outlook: in search of a new normal</span></a></h2><div class="category primary_color"><div class="field_seccion field"> Dossier</div></div><div class="box_author_date box_ad box_with_image"><div class="field_author multiple"><div class="autor"><div about="/en/author/jose-ramon-diez" class="author-complete-teaser"> <a href="/en/author/jose-ramon-diez"><div class="field_fotografia field"><div class="field_media_image field"> <img src="/sites/default/files/styles/index_autor/public/content/image/2022/03/22/34454/joseramondiez-bn-cuadrada.jpg?itok=onBpj1ja" width="136" height="136" alt="José Ramón Díez" loading="lazy" typeof="foaf:Image" /></div></div><div class="author-info"><div class="nom"><div class="name field"> José Ramón Díez</div></div></div> </a></div></div></div><div class="created">November 18th, 2024</div></div></article></div></div></div></div></li><li class="menu-item menu-item--expanded"> <a href="/en/sectoral-analysis" 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about="/en/sectoral-analysis/agrifood/agrifood-sector-begins-recover-2024" typeof="schema:Article" data-type="article"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/menu_destacado/public/content/image/2024/11/11/34529/agroalimentario-espana-michael-lechner-ky2e8df3gxo-unsplash.jpg?itok=xEymc3LH" width="400" height="200" alt="Campo de trigo segado. Photo by Michael Lechner on Unsplash" loading="lazy" typeof="foaf:Image" /></div></div><h2><a href="/en/sectoral-analysis/agrifood/agrifood-sector-begins-recover-2024"><span property="schema:name">The Agrifood Sector Begins to Recover in 2024</span></a></h2><div class="category primary_color"><div class="field_seccion field"> Spanish economy</div></div><div class="box_author_date box_ad box_with_image"><div class="field_author multiple"><div class="autor"><div about="/en/author/pedro-alvarez-ondina" class="author-complete-teaser"> <a href="/en/author/pedro-alvarez-ondina"><div class="field_fotografia field"><div class="field_media_image field"> <img src="/sites/default/files/styles/index_autor/public/content/image/2022/03/22/34454/pedroalvarez-bn-cuadrada.jpg?itok=UeXzHu7H" width="136" height="136" alt="Pedro Álvarez" loading="lazy" typeof="foaf:Image" /></div></div><div class="author-info"><div class="nom"><div class="name field"> Pedro Álvarez Ondina</div></div></div> </a></div></div></div><div class="created">November 14th, 2024</div></div></article></div></div></div></div></li><li class="menu-item menu-item--expanded"> <a href="/en/geographical-areas" data-drupal-link-system-path="taxonomy/term/211">Geographical areas</a><div class="menu-desplegable menu_visual_1"><div class="container menu_visual_1"><div class="col-left"><div class="content-visual-menu"><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-0 menu-type-default"><ul class="menu menu-level-1"><li class="menu-item"> <a href="/en/areas-geograficas/spain" data-drupal-link-system-path="taxonomy/term/212">Spain</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/areas-geograficas/portugal" data-drupal-link-system-path="taxonomy/term/213">Portugal</a><div class="menu_link_content menu-link-contentmain view-mode-default 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class="field_media_image field"> <img src="/sites/default/files/styles/menu_destacado/public/content/image/2024/11/08/34529/ico_im_11_24_roja_n.jpg?itok=mbtY6ro1" width="400" height="200" alt="Perspectivas 2025" loading="lazy" typeof="foaf:Image" /></div></div><h2><a href="/en/economics-markets/activity-growth/spain-2025-dynamic-growth-albeit-slightly-lower-2024"><span property="schema:name">Spain 2025: dynamic growth, albeit slightly lower than in 2024</span></a></h2><div class="category primary_color"><div class="field_seccion field"> Dossier</div></div><div class="box_author_date box_ad box_no_image"><div class="field_author multiple"><div class="autor"><div about="/en/author/oriol-carreras-baquer" class="author-name-teaser"><div class="nom"><a href="/en/author/oriol-carreras-baquer"><div class="name field"> Oriol Carreras Baquer</div> </a></div></div></div><div class="autor"><div about="/en/author/javier-garcia-arenas" class="author-name-teaser"><div class="nom"><a 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Although employment is performing more sluggishly than average, there is a more positive trend in industry and exports, bolstered by a stronger performing motor vehicle industry, while favourable weather conditions are aiding the recovery of the agricultural sector. </p></div><div class="translations"><div class="available">Content available in</div><div class="languages"> <a href="/ca/publicacions/fitxes-comunitats-autonomes/castella-i-lleo" hreflang="ca">catalan</a> <a href="/es/publicaciones/fichas-comunidades-autonomas/castilla-y-leon" hreflang="es">spanish</a></div></div><div class="autor-fecha flex-column"><div class="fecha">November 20th, 2024</div><div class="download "><div class="print"><a href="/en/node/10082/printable/print" target="_blank">Print</a></div> <article><div class="field_media_file field"> <a download alt=" download" href="/sites/default/files/content/file/2024/11/20/34454/f-ccaa-castilla-y-leon-en.pdf"> Download File </a></div> </article></div></div></div><div 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href="mailto:?subject=Castile%20and%20Le%C3%B3n%20|%20CaixaBank%20Research&body=https%3A%2F%2Fwww.caixabankresearch.com%2Fen%2Fpublications%2Fautonomous-community-profiles%2Fcastile-and-leon"> <span class="a2a_svg"><svg focusable="false" aria-hidden="true" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 32 32"><path fill="#FFF" d="M26 21.25v-9s-9.1 6.35-9.984 6.68C15.144 18.616 6 12.25 6 12.25v9c0 1.25.266 1.5 1.5 1.5h17c1.266 0 1.5-.22 1.5-1.5zm-.015-10.765c0-.91-.265-1.235-1.485-1.235h-17c-1.255 0-1.5.39-1.5 1.3l.015.14s9.035 6.22 10 6.56c1.02-.395 9.985-6.7 9.985-6.7l-.015-.065z"></path></svg></span> </a></div> <a href="#" title="Share Close" id="share_close" class="share_toggle" style="display: none"> <svg xmlns="http://www.w3.org/2000/svg" width="14.147" height="13.777"><path fill="none" stroke="#0297cc" stroke-width="1.636" stroke-linecap="round" stroke-miterlimit="10" d="M1.629 1.538l10.999 11m-10.999 0l10.999-11"/></svg> </a></div><div class="col-left" style="display: none"><div class="menu_anchors_fixed"> <label>In this article</label><ul></ul></div></div><div class="col-right"><div class="field_paragraphs"><div data-vr="V3" class="paragraph ptype_cifras pmode_default"><div class="field_pr_paragraph multiple"><div class="paragraph ptype_numero-texto pmode_default"><div class="field_pr_cifra field"> 2,390,000</div><div class="field_paragraph_text_plain field"> inhabitants (2023)</div></div><div class="paragraph ptype_numero-texto pmode_default"><div class="field_pr_cifra field"> €26,992</div><div class="field_paragraph_text_plain field"> GDP per capita (2022)</div></div><div class="paragraph ptype_numero-texto pmode_default"><div class="field_pr_cifra field"> 4.8%</div><div class="field_paragraph_text_plain field"> of Spanish GDP (2022)</div></div><div class="paragraph ptype_numero-texto pmode_default"><div class="field_pr_cifra field"> 2.4%</div><div class="field_paragraph_text_plain field"> anticipated growth in GDP (2024)</div></div></div></div><div class="paragraph ptype_title-html-text pmode_default"><div class="field_g_titulo field"> Regional economic structure and position</div><div class="field_descripcion field"><ul><li><span>Castile and León’s </span><strong><span>GDP</span></strong><span><strong> </strong>accounts for 4.8% of Spain’s GDP, so it is ranked seventh out of all regions.</span></li><li><span>In</span><span> terms of its </span><strong><span>population</span></strong><span>, with almost 2.4 million inhabitants, 5.0% of the total, it is the third most highly populated region. It is among the oldest regions, as 26.9% of its population is over 65 years old (national average of 20.4%).</span></li><li><strong><span>GDP per capita</span></strong><span> stands at 26,992 euros (2022), 4.2% below the Spanish average. The region has been catching up in recent years, within a context of sharp population decline and modest economic growth. </span></li><li><span>In terms of its</span><span> <strong>productive sectors</strong></span><span>, Castile and León is notable for the relative importance of its public sector (20.9% <em>vs</em>. national average of 17.8%), agriculture (5.2% <em>vs</em>. 2.6%) and its manufacturing industry (16.4% <em>vs</em>. 12.5%), where the agri-food, motor vehicle and chemical/pharmaceutical industries are particularly prominent. However, trade, transportation, hotels and restaurants, and leisure (24.4% <em>vs</em>. 28.4%) and industry-related services (22.1% <em>vs</em>. 28.5%).</span></li><li><span>Although in recent years, the region has become more </span><strong><span>export-oriented</span></strong><span>, exports of goods account for a smaller proportion of GDP (23.1%) than on average across Spain (28.9%). In 2023, it exported goods worth 17.172 billion euros, representing 4.5% of Spanish exports. The </span><strong><span>leading export sectors</span></strong><span><strong> </strong>are the motor vehicle industry (34.1% of the total), food (18.7%) and chemical products (10.7%). The region accounts for 45% of the tyres and inner tubes exported by Spain.</span></li></ul></div></div><div class="paragraph ptype_tabla pmode_default"><h2 class="field_g_titulo">Table of structural indicators</h2><div class="field_g_texto field"><div class="tex2jax_process"><table id="table001"><colgroup></colgroup><tbody><tr class="header"><td><p lang="es-ES" xml:lang="es-ES"> </p></td><td> </td><td> </td><td><p lang="es-ES" xml:lang="es-ES"><strong>1992</strong></p></td><td><p lang="es-ES" xml:lang="es-ES"><strong>2002</strong></p></td><td><p lang="es-ES" xml:lang="es-ES"><strong>2012</strong></p></td><td> </td><td><p lang="es-ES" xml:lang="es-ES"><strong>2022</strong></p></td></tr><tr><td class="sombreado" rowspan="2"><p><strong>GDP per capita </strong></p></td><td><p style="TEXT-ALIGN: left !important">Euros</p></td><td> </td><td><p lang="es-ES" xml:lang="es-ES">8,762</p></td><td><p lang="es-ES" xml:lang="es-ES">16,419</p></td><td><p lang="es-ES" xml:lang="es-ES">20,920</p></td><td> </td><td><p lang="es-ES" xml:lang="es-ES">26,992</p></td></tr><tr><td><p style="TEXT-ALIGN: left !important">100 = Spain</p></td><td> </td><td><p lang="es-ES" xml:lang="es-ES">89.5</p></td><td><p lang="es-ES" xml:lang="es-ES">90.7</p></td><td><p lang="es-ES" xml:lang="es-ES">94.9</p></td><td> </td><td><p lang="es-ES" xml:lang="es-ES">95.8</p></td></tr><tr><td class="sombreado" rowspan="4"><p><strong>Population</strong></p></td><td><p style="TEXT-ALIGN: left !important">Thousands of inhabitants</p></td><td> </td><td><p lang="es-ES" xml:lang="es-ES">2,535</p></td><td><p lang="es-ES" xml:lang="es-ES">2,464</p></td><td><p lang="es-ES" xml:lang="es-ES">2,517</p></td><td> </td><td><p lang="es-ES" xml:lang="es-ES">2,384</p></td></tr><tr><td><p style="TEXT-ALIGN: left !important">Average annual growth over the decade (%)</p></td><td> </td><td><p lang="es-ES" xml:lang="es-ES">–0.2</p></td><td><p lang="es-ES" xml:lang="es-ES">–0.3</p></td><td><p lang="es-ES" xml:lang="es-ES">0.2</p></td><td> </td><td><p lang="es-ES" xml:lang="es-ES">–0.5</p></td></tr><tr><td><p style="TEXT-ALIGN: left !important">% of the total in Spain</p></td><td> </td><td><p lang="es-ES" xml:lang="es-ES">6.5</p></td><td><p lang="es-ES" xml:lang="es-ES">5.9</p></td><td><p lang="es-ES" xml:lang="es-ES">5.4</p></td><td> </td><td><p lang="es-ES" xml:lang="es-ES">5.0</p></td></tr><tr><td><p style="TEXT-ALIGN: left !important">% of population &gt; 65 years old</p></td><td> </td><td><p lang="es-ES" xml:lang="es-ES">18.6</p></td><td><p lang="es-ES" xml:lang="es-ES">22.7</p></td><td><p lang="es-ES" xml:lang="es-ES">23.3</p></td><td> </td><td><p lang="es-ES" xml:lang="es-ES">26.5</p></td></tr><tr><td class="sombreado" rowspan="2"><p><strong>Exports of goods as a proportion of GDP</strong></p></td><td rowspan="2"><p style="TEXT-ALIGN: left !important">%</p></td><td> </td><td rowspan="2"><p lang="es-ES" xml:lang="es-ES">…</p></td><td rowspan="2"><p lang="es-ES" xml:lang="es-ES">19.6</p></td><td rowspan="2"><p lang="es-ES" xml:lang="es-ES">22.1</p></td><td> </td><td rowspan="2"><p lang="es-ES" xml:lang="es-ES">23.1</p></td></tr><tr><td><p style="TEXT-ALIGN: left !important"> </p></td><td> </td></tr></tbody></table></div></div></div><div class="paragraph ptype_title-html-text pmode_default"><div class="field_g_titulo field"> Macroeconomic situation</div><div class="field_descripcion field"><p><span>According to our estimates, </span><strong><span>Castile and León’s GDP will grow by 2.4% in 2024</span></strong><span>, slightly less than the Spanish economy as a whole (2.8%). Although employment is performing more sluggishly than average, there is a more positive trend in industry and exports, bolstered by a stronger performing motor vehicle industry, while favourable weather conditions are aiding the recovery of the agricultural sector. </span></p><p><span>CaixaBank Research’s forecasts point to Castile and León continuing </span><strong><span>along an expansionary path in 2025, albeit at a slower pace, with GDP growth of 2.1%</span></strong><span><strong> </strong>(2.3% for Spain). Export growth will be dampened by a sluggish euro area, mainly due to Germany performing poorly. On a positive note, the improving inflation picture and easing of monetary policy should support the recovery in household spending; additionally, a further roll-out of the NGEU funds should boost investment.</span></p></div></div><div class="paragraph ptype_grafico pmode_default"><div class="field_data_graphics"> <article data-history-node-id="10092" role="article" about="/en/graphic/gdp-1" class="node export-graph datos pr-grafico" data-uid=""><div class="box"><h2><span style="display: none"><span>GDP</span></span></h2></div><div class="field_ct_d_codigo_grafico field"><div class="tex2jax_process"><div class="everviz-zse976vv_" id="everviz-zse976vv_"><script src="https://app.everviz.com/inject/zse976vv_/" defer="defer"></script></div></div></div><div class="date">Last actualization: 20 November 2024 - 08:30</div></article></div></div><div class="paragraph ptype_title-html-text pmode_default"><div class="field_descripcion field"><p><span>Castile and León’s </span><strong><span>labour market</span></strong><span> is slightly less buoyant than it is across the country as a whole. In 2023, the average number of registered workers affiliated to Social Security grew by 1.8% in the year (2.7% in Spain), picking up to 2.0% year-on-year In September (<em>vs</em>. 2.3%), mostly due to administrative activities, healthcare and education, whereas employment fell in agriculture. In turn, the unemployment rate in Q2 2024 stood at 9.8%, 1.5 points below the national average.</span></p><p><span>Consumption remains sluggish in the region, due to the volume of sales of </span><span><strong>retail and consumer</strong> <strong>goods</strong></span><span>. After declining sharply in 2022 due to the inflationary environment, the u</span><span>pswing in 2023 was very weak (0.4% <em>vs</em>. 2.9% in the country as a whole), while in the first eight months of 2024 it continued to decline (0.4% year-on-year <em>vs</em>. 1.6%). As a result, it is one of the regions where consumption is furthest below the pre-pandemic levels of 2019 (–4.1% <em>vs</em>. +3.7% in Spain).</span></p><p><span>In 2022, after recording the worst figures out of all the regions, after being hit hard by the impact of bottlenecks in global markets and high energy costs, Castile and León’s </span><span><strong>industrial production</strong> </span><span>experienced a strong upswing in 2023 (+3.1% <em>vs</em>. –1.4% in Spain), supported by the motor vehicle, chemical and electric power industries. This positive trend is continuing in 2024, with 5.4% growth year-on-year up to August (<em>vs</em>. 0.4%), figures without seasonal and calendar adjustments. </span></p><p><span>Castile and León’s </span><strong><span>exports</span></strong><span><strong> </strong>of goods are recording the best figures across all regions. In 2023, thanks to the buoyancy of the motor vehicle industry, semi-manufactured goods (especially tyres and inner tubes) and food (processed foods), the region’s sales abroad grew by 15.9%, whereas they fell by 1.4% on average across the country. This year, with figures up to August, the contrast remains stark, as they grew by 16.6% year-on-year, while in the country as a whole they fell by 0.5%. </span></p></div></div><div class="paragraph ptype_grafico pmode_default"><div class="field_data_graphics"> <article data-history-node-id="10093" role="article" about="/en/graphic/registered-workers-affiliated-social-security-0" class="node export-graph datos pr-grafico" data-uid=""><div class="box"><h2><span style="display: none"><span>Registered workers affiliated to Social Security</span></span></h2></div><div class="field_ct_d_codigo_grafico field"><div class="tex2jax_process"><div class="everviz-9bYeTOxmR" id="everviz-9bYeTOxmR"><script src="https://app.everviz.com/inject/9bYeTOxmR/" defer="defer"></script></div></div></div><div class="date">Last actualization: 20 November 2024 - 08:30</div></article></div></div><div class="paragraph ptype_grafico pmode_default"><div class="field_data_graphics"> <article data-history-node-id="10094" role="article" about="/en/graphic/industrial-production-0" class="node export-graph datos pr-grafico" data-uid=""><div class="box"><h2><span style="display: none"><span>Industrial production</span></span></h2></div><div class="field_ct_d_codigo_grafico field"><div class="tex2jax_process"><div class="everviz-QLZN9U_cK" id="everviz-QLZN9U_cK"><script src="https://app.everviz.com/inject/QLZN9U_cK/" defer="defer"></script></div></div></div><div class="date">Last actualization: 04 July 2024 - 08:30</div></article></div></div><div class="paragraph ptype_tabla pmode_default"><h2 class="field_g_titulo">Table of indicators</h2><div class="field_g_texto field"><div class="tex2jax_process"><table id="table002"><colgroup><col /><col /><col style="MIN-WIDTH: 60px !important" /><col style="MIN-WIDTH: 60px !important" /><col style="MIN-WIDTH: 60px !important" /><col style="MIN-WIDTH: 60px !important" /><col style="MIN-WIDTH: 60px !important" /><col style="MIN-WIDTH: 60px !important" /><col style="MIN-WIDTH: 95px !important" /></colgroup><tbody><tr class="header"><td><p lang="es-ES" xml:lang="es-ES"> </p></td><td> </td><td><p lang="es-ES" xml:lang="es-ES"><strong>2008-2013 average</strong></p></td><td><p lang="es-ES" xml:lang="es-ES"><strong>2014-2019 average</strong></p></td><td><p lang="es-ES" xml:lang="es-ES"><strong>2020</strong></p></td><td><p lang="es-ES" xml:lang="es-ES"><strong>2021</strong></p></td><td><p lang="es-ES" xml:lang="es-ES"><strong>2022</strong></p></td><td><p lang="es-ES" xml:lang="es-ES"><strong>2023</strong></p></td><td><p lang="es-ES" xml:lang="es-ES"><strong>2024</strong></p></td><td><p lang="es-ES" xml:lang="es-ES"><strong>Latest figure</strong></p></td></tr><tr><td class="sombreado" rowspan="10"><p><strong>Activity and prices</strong></p></td><td class="sombreado" rowspan="2"><p style="TEXT-ALIGN: left !important"><strong>Real GDP *</strong><br />(% year-on-year change)</p></td><td><p lang="es-ES" xml:lang="es-ES">–1.9</p></td><td><p lang="es-ES" xml:lang="es-ES">1.9</p></td><td><p lang="es-ES" xml:lang="es-ES">–8.7</p></td><td><p lang="es-ES" xml:lang="es-ES">4.5</p></td><td><p lang="es-ES" xml:lang="es-ES">3.1</p></td><td><p lang="es-ES" xml:lang="es-ES">2.2</p></td><td> </td><td rowspan="2"><p lang="es-ES" xml:lang="es-ES">2023</p></td></tr><tr><td><p style="TEXT-ALIGN-LAST: center; TEXT-ALIGN: center">–1.7</p></td><td><p lang="es-ES" xml:lang="es-ES">2.8</p></td><td><p lang="es-ES" xml:lang="es-ES">–10.9</p></td><td><p lang="es-ES" xml:lang="es-ES">6.7</p></td><td><p lang="es-ES" xml:lang="es-ES">6.2</p></td><td><p lang="es-ES" xml:lang="es-ES">2.7</p></td><td> </td></tr><tr><td class="sombreado" rowspan="2"><p style="TEXT-ALIGN: left !important"><strong>Retail trade</strong><br />(% cumulative annual change)</p></td><td><p lang="es-ES" xml:lang="es-ES">–3.1</p></td><td><p lang="es-ES" xml:lang="es-ES">1.3</p></td><td><p lang="es-ES" xml:lang="es-ES">–4.7</p></td><td><p lang="es-ES" xml:lang="es-ES">1.3</p></td><td><p lang="es-ES" xml:lang="es-ES">–1.5</p></td><td><p lang="es-ES" xml:lang="es-ES">0.4</p></td><td><p lang="es-ES" xml:lang="es-ES">0.4</p></td><td rowspan="2"><p lang="es-ES" xml:lang="es-ES">August-24</p></td></tr><tr><td><p style="TEXT-ALIGN-LAST: center; TEXT-ALIGN: center">–5.2</p></td><td><p lang="es-ES" xml:lang="es-ES">2.3</p></td><td><p lang="es-ES" xml:lang="es-ES">–5.2</p></td><td><p lang="es-ES" xml:lang="es-ES">3.6</p></td><td><p lang="es-ES" xml:lang="es-ES">0.8</p></td><td><p lang="es-ES" xml:lang="es-ES">2.9</p></td><td><p lang="es-ES" xml:lang="es-ES">1.6</p></td></tr><tr><td class="sombreado" rowspan="2"><p style="TEXT-ALIGN: left !important"><strong>Industrial production index</strong><br />(% cumulative annual change)</p></td><td><p lang="es-ES" xml:lang="es-ES">–5.3</p></td><td><p lang="es-ES" xml:lang="es-ES">–0.1</p></td><td><p lang="es-ES" xml:lang="es-ES">–9.1</p></td><td><p lang="es-ES" xml:lang="es-ES">5.2</p></td><td><p lang="es-ES" xml:lang="es-ES">–3.4</p></td><td><p lang="es-ES" xml:lang="es-ES">3.1</p></td><td><p lang="es-ES" xml:lang="es-ES">5.4</p></td><td rowspan="2"><p lang="es-ES" xml:lang="es-ES">August-24</p></td></tr><tr><td><p style="TEXT-ALIGN-LAST: center; TEXT-ALIGN: center">–5.3</p></td><td><p lang="es-ES" xml:lang="es-ES">1.8</p></td><td><p lang="es-ES" xml:lang="es-ES">–9.2</p></td><td><p lang="es-ES" xml:lang="es-ES">7.1</p></td><td><p lang="es-ES" xml:lang="es-ES">2.5</p></td><td><p lang="es-ES" xml:lang="es-ES">–1.4</p></td><td><p lang="es-ES" xml:lang="es-ES">0.4</p></td></tr><tr><td class="sombreado" rowspan="2"><p style="TEXT-ALIGN: left !important"><strong>Service activity index</strong><br />(% cumulative annual change)</p></td><td><p lang="es-ES" xml:lang="es-ES">–4.0</p></td><td><p lang="es-ES" xml:lang="es-ES">2.7</p></td><td><p lang="es-ES" xml:lang="es-ES">–10.5</p></td><td><p lang="es-ES" xml:lang="es-ES">21.3</p></td><td><p lang="es-ES" xml:lang="es-ES">13.2</p></td><td><p lang="es-ES" xml:lang="es-ES">1.5</p></td><td><p lang="es-ES" xml:lang="es-ES">3.6</p></td><td rowspan="2"><p lang="es-ES" xml:lang="es-ES">August-24</p></td></tr><tr><td><p style="TEXT-ALIGN-LAST: center; TEXT-ALIGN: center">–4.6</p></td><td><p lang="es-ES" xml:lang="es-ES">5.1</p></td><td><p lang="es-ES" xml:lang="es-ES">–15.6</p></td><td><p lang="es-ES" xml:lang="es-ES">22.0</p></td><td><p lang="es-ES" xml:lang="es-ES">18.3</p></td><td><p lang="es-ES" xml:lang="es-ES">2.2</p></td><td><p lang="es-ES" xml:lang="es-ES">2.8</p></td></tr><tr><td class="sombreado" rowspan="2"><p style="TEXT-ALIGN: left !important"><strong>Consumer price index</strong><br />(% year-on-year change)</p></td><td><p lang="es-ES" xml:lang="es-ES">1.8</p></td><td><p lang="es-ES" xml:lang="es-ES">0.7</p></td><td><p lang="es-ES" xml:lang="es-ES">–0.6</p></td><td><p lang="es-ES" xml:lang="es-ES">3.5</p></td><td><p lang="es-ES" xml:lang="es-ES">9.5</p></td><td><p lang="es-ES" xml:lang="es-ES">3.4</p></td><td><p lang="es-ES" xml:lang="es-ES">1.1</p></td><td rowspan="2"><p lang="es-ES" xml:lang="es-ES">September-24</p></td></tr><tr><td><p style="TEXT-ALIGN-LAST: center; TEXT-ALIGN: center">1.7</p></td><td><p lang="es-ES" xml:lang="es-ES">0.7</p></td><td><p lang="es-ES" xml:lang="es-ES">–0.3</p></td><td><p lang="es-ES" xml:lang="es-ES">3.1</p></td><td><p lang="es-ES" xml:lang="es-ES">8.4</p></td><td><p lang="es-ES" xml:lang="es-ES">3.5</p></td><td><p lang="es-ES" xml:lang="es-ES">1.5</p></td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td class="sombreado" rowspan="8"><p><strong>Labour market</strong></p></td><td class="sombreado" rowspan="2"><p style="TEXT-ALIGN: left !important"><strong>Registered workers affiliated to Social Security</strong><br />(% year-on-year change)</p></td><td><p lang="es-ES" xml:lang="es-ES">–2.9</p></td><td><p lang="es-ES" xml:lang="es-ES">1.9</p></td><td><p lang="es-ES" xml:lang="es-ES">–1.9</p></td><td><p lang="es-ES" xml:lang="es-ES">1.5</p></td><td><p lang="es-ES" xml:lang="es-ES">2.0</p></td><td><p lang="es-ES" xml:lang="es-ES">1.8</p></td><td><p lang="es-ES" xml:lang="es-ES">2.0</p></td><td rowspan="2"><p lang="es-ES" xml:lang="es-ES">September-24</p></td></tr><tr><td><p style="TEXT-ALIGN-LAST: center; TEXT-ALIGN: center">–3.1</p></td><td><p lang="es-ES" xml:lang="es-ES">3.2</p></td><td><p lang="es-ES" xml:lang="es-ES">–2.1</p></td><td><p lang="es-ES" xml:lang="es-ES">2.5</p></td><td><p lang="es-ES" xml:lang="es-ES">3.9</p></td><td><p lang="es-ES" xml:lang="es-ES">2.7</p></td><td><p lang="es-ES" xml:lang="es-ES">2.3</p></td></tr><tr><td class="sombreado" rowspan="2"><p style="TEXT-ALIGN: left !important"><strong>Registered workers affiliated to Social Security not affected by furlough</strong><br />(% year-on-year change)</p></td><td><p lang="es-ES" xml:lang="es-ES">–2.9</p></td><td><p lang="es-ES" xml:lang="es-ES">1.9</p></td><td><p lang="es-ES" xml:lang="es-ES">–7.7</p></td><td><p lang="es-ES" xml:lang="es-ES">5.7</p></td><td><p lang="es-ES" xml:lang="es-ES">5.0</p></td><td><p lang="es-ES" xml:lang="es-ES">2.8</p></td><td><p lang="es-ES" xml:lang="es-ES">2.8</p></td><td rowspan="2"><p lang="es-ES" xml:lang="es-ES">September-24</p></td></tr><tr><td><p style="TEXT-ALIGN-LAST: center; TEXT-ALIGN: center">–3.1</p></td><td><p lang="es-ES" xml:lang="es-ES">3.2</p></td><td><p lang="es-ES" xml:lang="es-ES">–9.2</p></td><td><p lang="es-ES" xml:lang="es-ES">7.3</p></td><td><p lang="es-ES" xml:lang="es-ES">7.3</p></td><td><p lang="es-ES" xml:lang="es-ES">3.4</p></td><td><p lang="es-ES" xml:lang="es-ES">2.5</p></td></tr><tr><td class="sombreado" rowspan="2"><p style="TEXT-ALIGN: left !important"><strong>Unemployment rate</strong><br />(% working population)</p></td><td><p lang="es-ES" xml:lang="es-ES">16.3</p></td><td><p lang="es-ES" xml:lang="es-ES">15.4</p></td><td><p lang="es-ES" xml:lang="es-ES">12.1</p></td><td><p lang="es-ES" xml:lang="es-ES">11.6</p></td><td><p lang="es-ES" xml:lang="es-ES">9.9</p></td><td><p lang="es-ES" xml:lang="es-ES">9.7</p></td><td><p lang="es-ES" xml:lang="es-ES">9.8</p></td><td rowspan="2"><p lang="es-ES" xml:lang="es-ES">Q2 2024</p></td></tr><tr><td><p style="TEXT-ALIGN-LAST: center; TEXT-ALIGN: center">20.2</p></td><td><p lang="es-ES" xml:lang="es-ES">18.8</p></td><td><p lang="es-ES" xml:lang="es-ES">15.5</p></td><td><p lang="es-ES" xml:lang="es-ES">14.9</p></td><td><p lang="es-ES" xml:lang="es-ES">13.0</p></td><td><p lang="es-ES" xml:lang="es-ES">12.2</p></td><td><p lang="es-ES" xml:lang="es-ES">11.3</p></td></tr><tr><td class="sombreado" rowspan="2"><p style="TEXT-ALIGN: left !important"><strong>Unemployment rate for under 25s</strong><br />(% working population &lt; 25)</p></td><td><p lang="es-ES" xml:lang="es-ES">37.0</p></td><td><p lang="es-ES" xml:lang="es-ES">39.1</p></td><td><p lang="es-ES" xml:lang="es-ES">34.6</p></td><td><p lang="es-ES" xml:lang="es-ES">30.4</p></td><td><p lang="es-ES" xml:lang="es-ES">27.8</p></td><td><p lang="es-ES" xml:lang="es-ES">28.3</p></td><td><p lang="es-ES" xml:lang="es-ES">30.8</p></td><td rowspan="2"><p lang="es-ES" xml:lang="es-ES">Q2 2024</p></td></tr><tr><td><p style="TEXT-ALIGN-LAST: center; TEXT-ALIGN: center">42.5</p></td><td><p lang="es-ES" xml:lang="es-ES">42.5</p></td><td><p lang="es-ES" xml:lang="es-ES">38.3</p></td><td><p lang="es-ES" xml:lang="es-ES">44.5</p></td><td><p lang="es-ES" xml:lang="es-ES">24.4</p></td><td><p lang="es-ES" xml:lang="es-ES">28.8</p></td><td><p lang="es-ES" xml:lang="es-ES">26.6</p></td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td class="sombreado" rowspan="4"><p><strong>Public sector</strong></p></td><td class="sombreado" rowspan="2"><p style="TEXT-ALIGN: left !important"><strong>Public deficit</strong><br />(% of GDP)</p></td><td><p lang="es-ES" xml:lang="es-ES">–2.4</p></td><td><p lang="es-ES" xml:lang="es-ES">–0.9</p></td><td><p lang="es-ES" xml:lang="es-ES">0.3</p></td><td><p lang="es-ES" xml:lang="es-ES">–0.1</p></td><td><p lang="es-ES" xml:lang="es-ES">–1.1</p></td><td><p lang="es-ES" xml:lang="es-ES">–0.7</p></td><td><p lang="es-ES" xml:lang="es-ES">–1.1</p></td><td rowspan="2"><p lang="es-ES" xml:lang="es-ES">Q2 2024</p></td></tr><tr><td><p style="TEXT-ALIGN-LAST: center; TEXT-ALIGN: center">–2.7</p></td><td><p lang="es-ES" xml:lang="es-ES">–0.9</p></td><td><p lang="es-ES" xml:lang="es-ES">–0.2</p></td><td><p lang="es-ES" xml:lang="es-ES">0.0</p></td><td><p lang="es-ES" xml:lang="es-ES">–1.1</p></td><td><p lang="es-ES" xml:lang="es-ES">–0.9</p></td><td><p lang="es-ES" xml:lang="es-ES">–1.0</p></td></tr><tr><td class="sombreado" rowspan="2"><p style="TEXT-ALIGN: left !important"><strong>Autonomous Communities public debt</strong><br />(% of GDP)</p></td><td><p lang="es-ES" xml:lang="es-ES">9.0</p></td><td><p lang="es-ES" xml:lang="es-ES">19.8</p></td><td><p lang="es-ES" xml:lang="es-ES">23.4</p></td><td><p lang="es-ES" xml:lang="es-ES">22.1</p></td><td><p lang="es-ES" xml:lang="es-ES">20.3</p></td><td><p lang="es-ES" xml:lang="es-ES">19.4</p></td><td><p lang="es-ES" xml:lang="es-ES">18.8</p></td><td rowspan="2"><p lang="es-ES" xml:lang="es-ES">Q2 2024</p></td></tr><tr><td><p style="TEXT-ALIGN-LAST: center; TEXT-ALIGN: center">12.3</p></td><td><p lang="es-ES" xml:lang="es-ES">23.9</p></td><td><p lang="es-ES" xml:lang="es-ES">26.9</p></td><td><p lang="es-ES" xml:lang="es-ES">25.3</p></td><td><p lang="es-ES" xml:lang="es-ES">23.1</p></td><td><p lang="es-ES" xml:lang="es-ES">21.7</p></td><td><p lang="es-ES" xml:lang="es-ES">21.9</p></td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td class="sombreado" rowspan="4"><p><strong>Real estate market</strong></p></td><td class="sombreado" rowspan="2"><p style="TEXT-ALIGN: left !important"><strong>Housing prices</strong><br />(% year-on-year change)</p></td><td><p lang="es-ES" xml:lang="es-ES">–7.8</p></td><td><p lang="es-ES" xml:lang="es-ES">2.6</p></td><td><p lang="es-ES" xml:lang="es-ES">2.4</p></td><td><p lang="es-ES" xml:lang="es-ES">3.6</p></td><td><p lang="es-ES" xml:lang="es-ES">6.1</p></td><td><p lang="es-ES" xml:lang="es-ES">2.8</p></td><td><p lang="es-ES" xml:lang="es-ES">6.9</p></td><td rowspan="2"><p lang="es-ES" xml:lang="es-ES">Q2 2024</p></td></tr><tr><td><p style="TEXT-ALIGN-LAST: center; TEXT-ALIGN: center">–8.1</p></td><td><p lang="es-ES" xml:lang="es-ES">5.3</p></td><td><p lang="es-ES" xml:lang="es-ES">2.1</p></td><td><p lang="es-ES" xml:lang="es-ES">3.7</p></td><td><p lang="es-ES" xml:lang="es-ES">7.4</p></td><td><p lang="es-ES" xml:lang="es-ES">4.0</p></td><td><p lang="es-ES" xml:lang="es-ES">7.8</p></td></tr><tr><td class="sombreado" rowspan="2"><p style="TEXT-ALIGN: left !important"><strong>Housing sales</strong><br />(% cumulative annual change)</p></td><td><p lang="es-ES" xml:lang="es-ES">–13.5</p></td><td><p lang="es-ES" xml:lang="es-ES">7.7</p></td><td><p lang="es-ES" xml:lang="es-ES">–11.0</p></td><td><p lang="es-ES" xml:lang="es-ES">35.8</p></td><td><p lang="es-ES" xml:lang="es-ES">11.8</p></td><td><p lang="es-ES" xml:lang="es-ES">–3.7</p></td><td><p lang="es-ES" xml:lang="es-ES">0.8</p></td><td rowspan="2"><p lang="es-ES" xml:lang="es-ES">July-24</p></td></tr><tr><td><p style="TEXT-ALIGN-LAST: center; TEXT-ALIGN: center">–10.8</p></td><td><p lang="es-ES" xml:lang="es-ES">9.7</p></td><td><p lang="es-ES" xml:lang="es-ES">–16.9</p></td><td><p lang="es-ES" xml:lang="es-ES">34.8</p></td><td><p lang="es-ES" xml:lang="es-ES">14.8</p></td><td><p lang="es-ES" xml:lang="es-ES">–10.2</p></td><td><p lang="es-ES" xml:lang="es-ES">–1.3</p></td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td class="sombreado" rowspan="4"><p><strong>Foreign sector and tourism</strong></p></td><td class="sombreado" rowspan="2"><p style="TEXT-ALIGN: left !important"><strong>Exports of goods</strong><br />(% cumulative annual change)</p></td><td><p lang="es-ES" xml:lang="es-ES">5.0</p></td><td><p lang="es-ES" xml:lang="es-ES">2.8</p></td><td><p lang="es-ES" xml:lang="es-ES">–8.8</p></td><td><p lang="es-ES" xml:lang="es-ES">11.1</p></td><td><p lang="es-ES" xml:lang="es-ES">–0.2</p></td><td><p lang="es-ES" xml:lang="es-ES">15.9</p></td><td><p lang="es-ES" xml:lang="es-ES">16.6</p></td><td rowspan="2"><p lang="es-ES" xml:lang="es-ES">August-24</p></td></tr><tr><td><p style="TEXT-ALIGN-LAST: center; TEXT-ALIGN: center">4.6</p></td><td><p lang="es-ES" xml:lang="es-ES">3.9</p></td><td><p lang="es-ES" xml:lang="es-ES">–9.4</p></td><td><p lang="es-ES" xml:lang="es-ES">20.1</p></td><td><p lang="es-ES" xml:lang="es-ES">22.9</p></td><td><p lang="es-ES" xml:lang="es-ES">–1.4</p></td><td><p lang="es-ES" xml:lang="es-ES">–0.5</p></td></tr><tr><td class="sombreado" rowspan="2"><p style="TEXT-ALIGN: left !important"><strong>Tourist overnight stays</strong><br />(% cumulative annual change)</p></td><td><p lang="es-ES" xml:lang="es-ES">–2.5</p></td><td><p lang="es-ES" xml:lang="es-ES">4.9</p></td><td><p lang="es-ES" xml:lang="es-ES">–58.8</p></td><td><p lang="es-ES" xml:lang="es-ES">66.5</p></td><td><p lang="es-ES" xml:lang="es-ES">42.2</p></td><td><p lang="es-ES" xml:lang="es-ES">7.3</p></td><td><p lang="es-ES" xml:lang="es-ES">1.6</p></td><td rowspan="2"><p lang="es-ES" xml:lang="es-ES">August-24</p></td></tr><tr><td><p style="TEXT-ALIGN-LAST: center; TEXT-ALIGN: center">0.7</p></td><td><p lang="es-ES" xml:lang="es-ES">3.0</p></td><td><p lang="es-ES" xml:lang="es-ES">–69.2</p></td><td><p lang="es-ES" xml:lang="es-ES">78.3</p></td><td><p lang="es-ES" xml:lang="es-ES">73.3</p></td><td><p lang="es-ES" xml:lang="es-ES">7.1</p></td><td><p lang="es-ES" xml:lang="es-ES">5.0</p></td></tr></tbody></table><p lang="es-ES" xml:lang="es-ES">Note: *The 2023 GDP figure for Autonomous Communities is an estimate made by CaixaBank Research.</p><p lang="es-ES" xml:lang="es-ES">Source: CaixaBank Research, based on data from the National Statistics Institute (INE), the Bank of Spain, the Ministry of Labour, Migration and Social Security (MITRAMISS), the Ministry of Finance and DataComex.</p></div></div></div><div class="paragraph ptype_grafico pmode_default"><div class="field_g_titulo field"> Regional comparison</div><div class="field_g_texto field"><p>Below we show a series of charts comparing the main indicators for the various regions.</p></div><div class="field_data_graphics"> <article data-history-node-id="10001" role="article" about="/en/graphic/regional-comparison" class="node export-graph datos pr-grafico" data-uid=""><div class="box"><h2><span style="display: none"><span>Regional comparison</span></span></h2></div><div class="field_ct_d_codigo_grafico field"><div class="tex2jax_process"><div id="everviz-layout-7K1nfATdm"><script src="https://app.everviz.com/inject/7K1nfATdm/?v=10" defer="defer"></script></div></div></div><div class="date">Last actualization: 14 November 2024 - 08:30</div></article></div></div><div class="paragraph ptype_title-html-text pmode_default"><div class="field_descripcion field"><p> </p><p> </p><p> </p></div></div></div><ul class="custom footnotes"></ul></div></div><div class="relacionados upper_menu_anchors"></div> </article></div></div></div></main><footer role="contentinfo"><div class="container"><div class="logo_caixa_footer"> <a href="https://www.caixabankresearch.com/en" title="CaixaBank Research footer logo"> <svg xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" version="1.1" x="0px" y="0px" viewBox="0 0 469.7 126" style="enable-background:new 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