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This study demonstrates how expenditures between regions can be used to estimate domestic tourism, and gain further insights into its dynamics. We discuss additional use cases of the methodology, and offer suggestions on how it can be specialized for asking different types of questions.
The Big Data Consumer Index grew for the fifth consecutive month in May, in an environment of lower inflation and interest rates, while the Big Data Investment Index contracted.
According to BBVA credit card data, the first months of the year have been characterized by a slowdown in the growth of tourist spending in Spain compared to the last months of 2023, weighed down by the decline in consumption by Spaniards and d…
The Big Data Consumption and Investment Indicators anticipate that domestic demand would have recovered in the first quarter of the year and would have maintained the pace at the beginning of the second quarter (April).
According to BBVA card and POS data, during Easter 2024, total tourist spending fell 2.2% year-on-year compared to the same holiday period last year.
In February, the Big Data Consumption and Investment Indicators suggest that domestic demand has been showing a better performance in the first months of the year 2024. In the case of the Total Investment indicator, there was a significant acceleration in spending on goods and services related to construction.
In January, the Consumer Big Data index accelerated its growth (+4.6% YoY; December 2023: +2.6% YoY). Over the same period, the Big Data Investment index showed significant growth (+26.6% YoY; December 2023: +4.2% YoY).
The last months of the year have been characterized by an improvement in tourist spending in Spain compared to the summer, driven by the good behavior of consumption by both Spaniards and foreigners. This is what is inferred from BBVA credit ca…
In December, the Big Data Consumption index registered its first expansion (+2,6% YoY), something that had not occurred since February. During the same period, the Investment Big Data Index showed an increase for the third consecutive month (+4…
In November, the Big Data Consumption index registered a new YoY contraction, although lower than in previous months. In the same period, the Big Data Investment index grew YoY for the second consecutive month.
The Big Data consumption index had a new YoY contraction, the seventh consecutive,in September. In the same period, the Big Data investment index continued its downward trend.
Cantabria's economy will grow by 2.0% in 2023, and will accelerate to 2.5% in 2024. This will allow a return to the pre-pandemic GDP level this year.
