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Since the end of 2019 through the first quarter of 2024, the Gross Value Added (GVA) of the services sector has increased by 6.3%, compared to 3.7% for the total economy. In addition, the number of hours worked increased by more than 2%, compared to 0.9% for all sectors.
Colombia's economy grapples with recovery challenges. Proposing an infrastructure plan to link regions, cut logistic costs, and drive housing, business hubs, and energy projects. Public-private collaboration is paramount.
It is now almost cliché to say that the German crisis is due to the sudden collapse of the network formed by cheap Russian gas, Chinese demand and the defensive umbrella of the United States. The problems facing the German economy are structura…
The GDP grew by 0.7% YoY in the first quarter. The growth slowed down, with March being the month with the least activity among the three months. Domestic demand was the main source of the low growth. The performance of fixed investment and the…
The transition to a low-emission economy not only represents an opportunity for the transformation of the Spanish economy and society, but has become a priority on the national agenda. However, a more effective approach will be necessary to ach…
The Colombian economy expanded by 0.6% in 2023. The deceleration accentuated in the second half. Domestic demand contracted by 3.8%, weighed down by a decline in investment and the modest increase in private consumption. The external sector propelled the GDP, aided by a reduction in imports and the resilience of exports.
Human economic activity generates greenhouse gas (GHG) emissions that change climate and hurt biodiversity, affecting the well-being of society and the free-market system to the most limited extent.
In the second quarter of 2023, the colombian GDP grew 0.3% YoY. Domestic demand decelerated sharply, mostly explained by investment, which implied a double-digit drop in total imports. For 2023, BBVA Research maintains the GDP growth forecast a…
The earth's temperature records of recent years far exceed the historical baseline averages. It is beyond all doubt that the main reason for the upward trend in global temperatures is the highest level of concentration of carbon in the atmosphe…
Spanish exports increased by 12.9% from 4Q19 to 1Q23. By comparison, GDP would have barely returned to its pre-pandemic level during that period, while private consumption and investment were 4.8% and 3.7% below 4Q19 levels.
In the first quarter of 2023, GDP grew 3.0% YoY and domestic demand fell 0.1% YoY, due to the deterioration of fixed investment and inventory deaccumulation. External demand contributed positively to growth. BBVA Research has a slight upward bias in its GDP growth projection of 0.7% in 2023.
This Working Paper briefly describes the latest update of the sectoral module of the RegData FEDEA-BBVA database (see de la Fuente 2017 and 2023 and de la Fuente and Ruiz Aguirre, 2020).
