Population ageing poses one of the most significant fiscal challenges Spain will face over the coming decades. This policy brief applies the National Transfer Accounts (NTA) methodology to quantify how the taxes paid and public benefits received are distributed across the life cycle in Spain in 2024. The fiscal life cycle: →   A representative individual […]

The RealTimeTracker, our real-time monitoring and forecasting model, estimates GDP growth of 0.7% in Q3 2025, in line with the figures recorded in recent quarters. It also anticipates, with still very incomplete information, an increase of +0.5% in Q4, which would suggest a moderate slowdown in growth in the final quarter of the year. The 0.7% increase would have […]

Macro analysis in partnership with EY Insights. The RealTimeTracker, our real-time tracking and forecasting model, estimates that GDP quarterly growth will be at +0.6% in Q4 2024, showing moderation compared to previous quarters. Service indicators drove this GDP growth in the quarter, while investment in capital goods and construction contributed less. Despite this moderation, we […]

Inflation is causing a severe loss of purchasing power for many families in Spain, especially those on lower incomes. In response to this problem, on 1 January 2023 the Spanish government decided to cut VAT on essential foodstuffs from 4% to 0%, while other basic foods (such as uncooked pasta or oil) went from 10% […]

Information management during the pandemic has revealed serious weaknesses in data coordination.