The GDP grew by 5.5% in 2021, 0.4 points more than expected, but in 2020 it sank by 11.3%, five tenths more

• The Bank of Spain warns of the coming economic slowdown and high inflation for longer

The

grew

, four tenths more than what the National Institute of Statistics (

) had advanced in March, due to the pull that

had , as this body has updated this Thursday .

However, this good news is accompanied by less positive news:

that the country experienced in

, the year of the pandemic,

and not 10.8%, as initially he had signed up, five tenths more accused;

while

and not 2.1%.

The INE has published this Thursday a

for the last three years in which it updates the magnitudes of growth and decrease that the economy has experienced.

"There are some

in the estimates for 2021 with a

(5.2%, compared to 4.7%) and a lower contribution from external demand (0.3%, compared to 0.5 With regard to national demand, the year-on-year variation in the volume of

is 5.1% compared to the 4.2% previously estimated.For its part, gross capital formation grew by 5 .9%, compared to 6.8% of the previous estimate," explained the Institute.

This means that it was the

that sustained growth with a minimal contribution -three tenths- from the foreign sector and, within the national

contributed more than expected to growth, while

grew almost one point less than what had been calculated.

After this review, the

-that is, without eliminating the effect of inflation- for 2021 stood at

The INE confirmed a

measured in full-time jobs, which means that if all employment in the country were full-time there would be

at the end of 2021, compared to a much higher number of Social Security affiliates.

, compared to 7.0% in the previous estimate.

Biggest crash in the pandemic

The INE has detailed that the update of the drop in GDP that the country suffered during the pandemic occurs after incorporating the results of

referring to that year, such as the Structural Survey of Companies, Survey of Construction Structure and Statistics on R&D activities), which have been published throughout the second half of 2021 and the first half of 2022.

At the end of 2021, Spain's GDP was equivalent to

, but the impact of covid-19 on the economic fabric caused a collapse to

In

, it recovered and surpassed the 1.2 billion barrier again, but it was still

.

At the end of the second quarter of 2022, that level has not yet been recovered and experts point out that it will have to wait until

to reach it, which places

in returning to the 2019 standards .

According to the series updated this Thursday, GDP grew

;

in 2017, 3.0%;

in 2016, 3.0%;

in 2015, 3.8%;

in 2014, 1.4%;

;

;

in 2011, -0.8%;

in 2010 it rose 0.2%;

;

in 2008 it grew by 0.9%, and in 2007, +3.6%.

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