Spain PESTLE Insights - A Macroeconomic Outlook Report

Spain PESTLE Insights - A Macroeconomic Outlook Report
Summary

Financial intermediation, real estate, and business activities contributed 24.9% to the gross value added (GVA) in 2022, followed by wholesale, retail, and hotels (17.9%) and mining, manufacturing, and utilities (17.0%). In nominal terms, the three sectors are forecast to grow by 4.3%, 4.7%, and 4.2%, respectively, in 2023.

Four major autonomous communities of Spain generated around 78.1% of GDP in 2021 and were home to 74.7% of the population in 2022, according to Eurostat.

The IBEX 35 index has exhibited an upward trend over the past year. As of April 26, 2023, the IBEX 35 index stood at 9,257.2 compared to 8,439.3 on April 26, 2022.

ScopeAccording to the World Bank, Logistics Performance Index (2023), Spain ranked 13th out of 139 nations on the logistics performance parameter in 2023.Reasons to BuyMacroeconomic 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.