BDE releases 2025 Annual Report, Spanish economy outlook
The Banco de España has published its Annual Report 2025, alongside the June 2026 Macroeconomic Projections and Quarterly Report on the Spanish economy. These publications provide a comprehensive assessment of Spain's economic performance and outlook.
Spain's 2025 economic landscape
The Annual Report 2025 details the key economic developments in Spain throughout the past year, offering an in-depth analysis of the country's macroeconomic performance.
It covers critical areas such as GDP growth, inflation dynamics, and labor market trends, highlighting the resilience of the Spanish economy in a challenging global environment.
The report also assesses the financial stability landscape, including the health of the banking sector and potential vulnerabilities.
Furthermore, it reviews the progress of structural reforms and their impact on competitiveness and long-term growth potential.
The Banco de España emphasizes the importance of prudent fiscal policies and continued efforts to enhance productivity to sustain economic recovery and foster robust, inclusive growth.
Projections for the Spanish economy
The June 2026 Macroeconomic Projections and Quarterly Report on the Spanish economy presents the Banco de España’s latest forecasts for the coming quarters and years.
It outlines the expected trajectory for key indicators such as gross domestic product, consumer price inflation, and employment levels.
The report also delves into the outlook for public finances, including government debt and deficit projections.
It identifies the main risks and uncertainties that could influence Spain's economic path, both domestically and internationally.
These include geopolitical tensions, global supply chain disruptions, and the evolution of energy prices, alongside the impact of monetary policy normalization on economic activity.