2021 OECD Economic Surveys: Spain 2021

image of OECD Economic Surveys: Spain 2021

The Spanish economy entered a deep recession in 2020 due to the COVID-19 pandemic. A strong government response has protected jobs and firms. However, the crisis has exacerbated long-standing structural challenges, such as high unemployment, inequalities and regional disparities. The national recovery plan will help the near-term recovery and should also be used to promote long-term growth potential. A durable and inclusive recovery will require improving the quality of jobs via lower labour market segmentation, better skills and enhanced support for job seekers. Reforms to secure the pension system’s sustainability will be key to address medium-term fiscal challenges. Spain is improving on digitalisation, but there is room to improve the uptake and use of digital technologies to boost productivity growth.Enhancing digital diffusion requires addressing remaining gaps in digital infrastructure and enhancing capabilities of firms and people to take full advantage of digitalisation via higher investment in innovation and skills.


English Also available in: French

Basic statistics of Spain, 2020

(Numbers in parentheses refer to the OECD average)

This Survey is published on the responsibility of the Economic and Development Review Committee of the OECD, which is charged with the examination of the economic situation of member countries.The economic situation and policies of Spain were reviewed by the Committee on 1 March 2021. The draft report was then revised in the light of the discussions and given final approval as the agreed report of the whole Committee on 24 March 2021.The Secretariat’s draft report was prepared for the Committee by Müge Adalet McGowan and Yosuke Jin under the supervision of Pierre Beynet. Statistical research assistance was provided by Paula Adamczyk, and editorial assistance by Alexandra Guerrero. The previous Survey of Spain was issued in November 2018.Information about the latest as well as previous Surveys and more information about how Surveys are prepared is available at http://www.oecd.org/eco/surveys.


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error