unemployment rate
May 8th, 2013
According to data released on Monday by the Ministry of Employment, registered unemployment in Spain fell in April for the second month in a row, bringing the figure down to below 5 million unemployed. The Ministry’s data reveals that the fourth month of the year saw a drop in the ...
Continue reading Spain’s Unemployment Rate Dropped in April
April 26th, 2013
According to the Labour Force Survey published yesterday by the National Statistics Institute, in the first quarter of the year, unemployment in Spain exceeded six million people for the first time. The Institute’s statistics reveal that the total number of unemployed rose by 237,400, resulting in the number of people ...
Continue reading Spanish Unemployment Passes Six Million
March 6th, 2013
According to data released by the Ministry of Employment and Social Security on Monday, the number of people unemployed in Spain increased by 59,444 people in February, which is up 1.19% from the previous month, and broke the 5 million barrier for the first time, bringing the total number ...
Continue reading Unemployment Rate Exceeds Five Million in February
January 30th, 2013
Spending by foreign tourists in Spain reached nearly 56,000 million euros in 2012, representing a 5.7% increase, according to data released yesterday by the Ministry of Industry. This is a new peak in the historical series, which has been measured since 2004, and has served largely to compensate for the ...
Continue reading Foreign Tourism Revenues Reached Record Highs in 2012
November 28th, 2012
According to the latest forecasts from the Organisation for Economic Cooperation and Development (OECD), the Spanish economy will record a contraction of 1.3% in 2012 which will worsen next year to 1.4% as a result of the fiscal consolidation measures and the expected slowdown in the eurozone as a whole. ...
Continue reading OECD Predicts Tougher Times Ahead for Spain
October 29th, 2012
According to data from the Labour Force Survey published on Friday by the National Statistics Institute for the third quarter, the unemployment rate in Spain has exceeded 25% for the first time, which means that one in four workers cannot find a job. The number of unemployed increased by 85,000 ...
Continue reading Spain Sees Record Unemployment in Third Quarter
October 8th, 2012
The end of summer and temporary contracts in the tourism sector, have caused unemployment to rise again in September, breaking five consecutive months of decreases. In the province of Málaga, a total of 4,884 more people joined the dole queue, which now stands at 196,981 people, according to data released ...
Continue reading Malaga Unemployment Rises at End of Tourist Season
October 5th, 2012
Unemployment in the eurozone and in the whole of the European Union (EU) remained stable in August and continues at record highs, the EU statistics office Eurostat announced this week. The EU agency indicated that unemployment in the eurozone was 11.4% in August, while in the EU-27 it stood at 10.5%, ...
Continue reading Eurozone Unemployment Remained Stable in August
September 27th, 2012
The credit rating agency Standard & Poor's (S & P) said this week they expect the Spanish economy to contract by 1.8% this year, and by 1.4% next year, compared with their previous estimate, in July, of 1.7% for 2012 and 0.6% for 2013. The figures are more pessimistic than ...
Continue reading S & P Lowers Forecast for Spain
September 4th, 2012
Investment by Spanish citizens in property outside Spain fell by 50% during the first three months of the year, to stand at 95 million euros, the lowest amount recorded in a quarter since the end of 2010. In the first three months of the year foreigners invested 1,163 million euros buying ...
Continue reading Spanish Investment in Homes Abroad Halved
August 9th, 2012
The Spanish economy will shrink by 1.4% both in 2012 and in 2013 because of persistent financial strains and lack of concrete solutions at the EU level, says the BBVA. They further predict that the unemployment rate will touch 26% next year and are calling for Europe to reduce the ...
Continue reading BBVA Revises Forecast for Spanish Economy
May 10th, 2012
The Research Department of the BBVA (BBVA Research) has downgraded its unemployment forecast for Spain, and now expects the rate to reach 24.6% this year and climb to 24.8% in 2013, according to the latest update of its magazine 'Situación España'. These forecasts are worse than those raised previously (24.4% and ...
Continue reading BBVA Estimates Unemployment Will Touch 25% in 2013
May 9th, 2012
Foreigners invested 4,748 million euros in real estate in Spain in 2011, which is up 27% from the previous year and represents the largest expenditure made by this group since 2008, while Spanish investment abroad fell 23.4%. According to the Bank of Spain, foreign investment in Spanish property, which has increased ...
Continue reading Foreign Spending on Spanish Property Up 27%
April 30th, 2012
The debt crisis, sharp Government cutbacks in order to reach the 2012 deficit limit imposed by the European Union, and the entry into the second recession in three years, have caused the lowering of the growth forecast for Spain, published in a report put together by a panel of experts ...
Continue reading Experts Lower Forecasts for Spain
April 10th, 2012
Spain last year received 28,415 million euros in foreign direct investment (FDI), representing an increase of 18.4% over 2010, according to the Foreign Investment Register of the Ministry of Economy and Competitiveness. In net terms, foreign direct investment grew by 18.2% after deducting disinvestments which totalled 3,638 million euros last year. ...
Continue reading Foreign Direct Investment in Spain Up 18.4% in 2011
