March 2024

National demand propels Spanish GDP growth to 0.6% in the fourth quarter of 2023 March 27, 2024 – The Spanish Gross Domestic Product (GDP) grew by 0.6% in the fourth quarter of 2023 compared to the previous quarter, according to data published by the National Institute of Statistics (INE). This rate is two tenths higher […]

Spanish National Statistics Institute (INE) publishes first Business Turnover Indexes based on 2021   March 25, 2024 – The Spanish National Statistics Institute (INE) today published the first Business Turnover Indexes (ICNE) based on 2021, which offer a new perspective on the evolution of the Spanish business sector. The ICNE data based on 2021 show

“Our biggest problem is the low productivity of the economy, which is not advancing.” Read post

Employee Compensation Remains the Largest Component of Income in the EU Employee compensation remained the top component of income in the European Union (EU) throughout 2023, accounting for 47.0% of GDP, according to data published today by Eurostat. This figure remains stable compared to the previous year, confirming the importance of this component in the

In the EU, the employment rate of people aged 20 to 64 stood at 75.5% in the fourth quarter of 2023, an increase of 0.1 percentage points (pp) compared to the third quarter of 2023. The labor market slack, which encompasses people with unmet employment needs, a large portion of whom includes unemployed individuals, amounted

In the fourth quarter of 2023, seasonally adjusted GDP remained stable in both the euro area and the EU compared to the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. In the third quarter of 2023, GDP had decreased by 0.1% in the euro area and remained