The Iberian Economic Outperformance Continues

Spain, Lithuania and Portugal experienced the highest growth in the European Union in the last quarter of 2024, with tourism being decisive in the Iberian Peninsula. The effect is expected to continue this year.

Portugal and Spain performed above the European average in 2024, assuming the driving role of the eurozone economy, the hitchhiking of tourism, immigration and lower energy costs, a path that echoes

According to data released by Eurostat, the Eurozone's Gross Domestic Product (GDP) increased by 0.7% in 2024 and that of the European Union by 0.8%. Among the eurozone countries, Portugal registered, in the fourth quarter of 2024, the third highest annual GDP growth (2.7%), after Lithuania (3.6%) and Spain (3.5%) and the highest in the quarterly variation (1.5%), with Spain in third (0.8%). On the other hand, the economies of Germany, known as …

The Iberian Economic Outperformance Continues

A recent study by Oxford Economics highlights Spain and Portugal as two of the eurozone’s standout economies, defying broader European struggles. 

Iberian miracle amazes Europe: Spain and Portugal become engine of eurozone economy

The French newspaper Le Figaro, the oldest national newspaper in France, dedicated its editorial last Sunday to analyzing Spain's economic growth over the last decade. Under the title “It is never wise to belittle others”, the article, signed by the deputy editor of the editorial, Gaëtan de Capéle, highlights the country's economic achievements and its capacity to overcome the financial crisis that affected the economies of southern Europe. The …