Extremadura Economic Outlook 2020

Summary

After growing 1.9% in 2018, the economy of Extremadura could have grown by 1.8% in 2019. It will advance by 1.6% in 2020 and 2021, reducing the unemployment rate to 19.8% in 2021. The average GDP pc annual growth rate will be 2.0%, more than half a point above the Spanish average, with a demographic fall in the region

Key points

• Key points:
• In 2019-2021, Extremadura will increase its GDP pc by 2.0% per year, the second highest among the regions
• The recovery of affiliation since 2013 is heterogeneous by urban areas, more concentrated in those of Merida and Caceres
• The economy of Extremadura will manage to reduce the unemployment rate to 19.8% in 2021
• In 2019 Extremadura set records in both tourism and capital goods imports
• Various sources of uncertainty, external and internal, bias the scenario downwards

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