Two strong signals emerged in July regarding Spain's economy. The EthiFinance agency affirmed the country’s credit rating at “A” with a stable outlook, upgrading its GDP growth forecast to 2.5% for 2025. Meanwhile, the International Monetary Fund reported a historic "sorpasso": Spain has, for the first time, overtaken Japan in GDP per capita.
💼 Growth Factors:
— High resilience of the services sector
— Influx of labor through migration
— Strong consumer activity and tourism recovery
— Investments in digitalization and the green economy
🇯🇵 What about Japan?
While Spain strengthens its position, Japan faces challenges: zero growth, inflation, record-high public debt (over 200% of GDP), and a declining population. Japan’s economy remains dependent on industrial exports, whereas Spain has aligned itself with the new global trend — an economy of services and experiences.
⚠️ Risks for Spain:
— Political instability and a fragmented parliament
— Potential new tariffs from the U.S.
— Concentration risks in the banking sector in case of a BBVA–Sabadell deal
💼 Growth Factors:
— High resilience of the services sector
— Influx of labor through migration
— Strong consumer activity and tourism recovery
— Investments in digitalization and the green economy
🇯🇵 What about Japan?
While Spain strengthens its position, Japan faces challenges: zero growth, inflation, record-high public debt (over 200% of GDP), and a declining population. Japan’s economy remains dependent on industrial exports, whereas Spain has aligned itself with the new global trend — an economy of services and experiences.
⚠️ Risks for Spain:
— Political instability and a fragmented parliament
— Potential new tariffs from the U.S.
— Concentration risks in the banking sector in case of a BBVA–Sabadell deal
