Spain - macroeconomic scenario 2012-2013
YoY change (%). unless otherwise stated
2012
2013
IMF
(October 2012)
European
Commission
(autumn 2012)
Spanish
government
budget
Consensus
forecasts.
Spanish analysts
(23October12)
(1)
IMF
(October 2012)
European
Commission
(autumn 2012)
Spanish
government
budget
Consensus fore-
casts. Spanish
analysts
(23October 12)
(1)
Macroeconomic figures
GDP
-1.5
-1.4
-1.5
-1.6
-1.3
-1.4
-0.5
-1.5
Household consumption
-2.2
-1.9
-1.5
-2.0
-2.4
-2.1
-1.4
-2.2
Public consumption
-4.1
-4.9
-4.8
-4.8
-5.4
-7.2
-8.2
-6.9
GFCF
-8.9
-9.0
-9.9
-8.8
-4.1
-5.6
-2.1
-5.9
Capital goods
-6.8
-6.6
-7.5
-3.6
-3.5
-3.9
Construction
-11.0
-11.5
-4.8
-7.4
Internal demand
-4.0
-4.0
-4.0
-4.0
-3.3
-3.8
-2.1
-3.8
Exports
2.4
2.1
1.6
2.3
3.5
4.2
6.0
4.1
Imports
-5.7
-6.3
-6.7
-5.8
-2.8
-3.2
-1.5
-3.3
Trade balance (contrib. to GDP)
2.4
2.5
1.9
2.3
Other indicators
Employment
-4.4
-4.5
-3.7
-3.9
-0.1
-2.7
-0.2
-2.6
Unemployment (% active workforce)
24.9
25.1
24.6
24.7
25.1
26.6
24.3
26.1
Unit labour costs
-2.5
-2.7
-3.5
0.6
-2.5
0.1
0.8
0.5
Household savings rate (% of GDI)
8.7
8.1
Balance of payments (% of GDP)
-2.0
-2.4
-1.9
-1.8
-0.1
-0.5
0.1
-0.1
Financing capacity or shortfall (% of GDP)
-1.9
-1.4
-3.5
0.0
0.6
-1.9
Govt. deficit (% of GDP)
-7.0
-8.0
-6.3
-6.9
-5.7
-6.0
-4.5
-5.1
Gross public debt (% of GDP)
85.0
86.1
85.3
91.3
92.7
90.5
(1) Source: FUNCAS
Opening of 14th Latibex Forum
20
3
Annual
Report 2012
/ BME
Market Environment
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