Recent developments in Spanish exports of non-travel services

Rationale The strong growth in exports of non-travel services following the pandemic has contributed significantly to Spain’s economic recovery. It is therefore useful to analyse recent developments in these exports. Takeaways •The cumulative growth of real exports of non-travel services between 202...

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Detalhes bibliográficos
Autores: Martín Machuca, César, García Esteban, Coral
Formato: artículo
Fecha de publicación:2023
País:España
Recursos:Banco de España
Repositorio:Repositorio Institucional del Banco de España
OAI Identifier:oai:repositorio.bde.es:123456789/33472
Acesso em linha:https://repositorio.bde.es/handle/123456789/33472
Access Level:acceso abierto
Palavra-chave:Exports
Non-travel services
World trade
Multinational enterprises
Comercio internacional
Estructura y funcionamiento de la empresa
Servicios
F10
F14
F23
L80
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oai_identifier_str oai:repositorio.bde.es:123456789/33472
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repository_id_str
spelling Recent developments in Spanish exports of non-travel servicesMartín Machuca, CésarGarcía Esteban, CoralExportsNon-travel servicesWorld tradeMultinational enterprisesComercio internacionalEstructura y funcionamiento de la empresaServiciosF10F14F23L80Rationale The strong growth in exports of non-travel services following the pandemic has contributed significantly to Spain’s economic recovery. It is therefore useful to analyse recent developments in these exports. Takeaways •The cumulative growth of real exports of non-travel services between 2020 and 2022 amounted to practically 50%. In 2022, they thus stood almost 20% above their 2019 level, a significantly larger gap than for other final demand components. •The recovery in non-travel services exports following the pandemic has boosted this item’s sustained growth of recent decades and has been mainly underpinned by exports of business, transport and IT services, especially to the euro area and North America. •The competitiveness of large Spanish exporting firms, which generally form part of corporate groups, might explain, at least in part, the robust growth in non-travel services exports after the pandemic.Banco de EspañaMadrid : Banco de España, 20232023info:eu-repo/semantics/articleapplication/pdfhttps://repositorio.bde.es/handle/123456789/33472reponame:Repositorio Institucional del Banco de Españainstname:Banco de EspañaInglésEconomic Bulletin / Banco de España, 2023/Q3, 05Versión en español 123456789/30811info:eu-repo/semantics/openAccessoai:repositorio.bde.es:123456789/334722026-06-20T12:44:27Z
dc.title.none.fl_str_mv Recent developments in Spanish exports of non-travel services
title Recent developments in Spanish exports of non-travel services
spellingShingle Recent developments in Spanish exports of non-travel services
Martín Machuca, César
Exports
Non-travel services
World trade
Multinational enterprises
Comercio internacional
Estructura y funcionamiento de la empresa
Servicios
F10
F14
F23
L80
title_short Recent developments in Spanish exports of non-travel services
title_full Recent developments in Spanish exports of non-travel services
title_fullStr Recent developments in Spanish exports of non-travel services
title_full_unstemmed Recent developments in Spanish exports of non-travel services
title_sort Recent developments in Spanish exports of non-travel services
dc.creator.none.fl_str_mv Martín Machuca, César
García Esteban, Coral
author Martín Machuca, César
author_facet Martín Machuca, César
García Esteban, Coral
author_role author
author2 García Esteban, Coral
author2_role author
dc.subject.none.fl_str_mv Exports
Non-travel services
World trade
Multinational enterprises
Comercio internacional
Estructura y funcionamiento de la empresa
Servicios
F10
F14
F23
L80
topic Exports
Non-travel services
World trade
Multinational enterprises
Comercio internacional
Estructura y funcionamiento de la empresa
Servicios
F10
F14
F23
L80
description Rationale The strong growth in exports of non-travel services following the pandemic has contributed significantly to Spain’s economic recovery. It is therefore useful to analyse recent developments in these exports. Takeaways •The cumulative growth of real exports of non-travel services between 2020 and 2022 amounted to practically 50%. In 2022, they thus stood almost 20% above their 2019 level, a significantly larger gap than for other final demand components. •The recovery in non-travel services exports following the pandemic has boosted this item’s sustained growth of recent decades and has been mainly underpinned by exports of business, transport and IT services, especially to the euro area and North America. •The competitiveness of large Spanish exporting firms, which generally form part of corporate groups, might explain, at least in part, the robust growth in non-travel services exports after the pandemic.
publishDate 2023
dc.date.none.fl_str_mv 2023
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://repositorio.bde.es/handle/123456789/33472
url https://repositorio.bde.es/handle/123456789/33472
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Economic Bulletin / Banco de España, 2023/Q3, 05
Versión en español 123456789/30811
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Banco de España
Madrid : Banco de España, 2023
publisher.none.fl_str_mv Banco de España
Madrid : Banco de España, 2023
dc.source.none.fl_str_mv reponame:Repositorio Institucional del Banco de España
instname:Banco de España
instname_str Banco de España
reponame_str Repositorio Institucional del Banco de España
collection Repositorio Institucional del Banco de España
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,301603

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