During the third quarter of 2021, the year-on-year rate of change of Spanish GDP stood at 2.67%, registering a notable fall compared to the previous quarter. As for the labour market, the percentage of unemployed in the labour force registered a decrease compared to the previous quarter, falling to a rate of 14.57%. On the other hand, employment registered a rate of variation of 4.45%, despite registering a slight slowdown compared to 2Q21. Inflation grew to a year-on-year rate of 3.40%. Finally, with respect to the exchange rate, the euro depreciated against the dollar in 3Q21, with an average exchange rate of $1.18/€.

Macroeconomic outlook report: Spain 3Q21

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Macroeconomic overview

For more information, click here to access the executive document in pdf (only avalaible in Spanish).