Fernández, María Jesús

Spain’s household and non-financial corporate (NFC) accounts for 2023

Whereas in 2022, corporate income registered significant growth, nearly revisiting pre-pandemic levels, in 2023, it was household income that was more dynamic. By comparison with 2019, in nominal terms, the income gap between the non-financial corporate (NFC) and household sectors widened, revealing an incomplete recovery in the corporate segment compared to solid growth in household income.

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Labour market challenges in Spain

The performance of Spain’s labour market has improved, approaching European standards, supported by a mix of reforms and demographic changes. Jobs are now much more resilient to recessionary pressures; yet, two key weaknesses remain, namely the relatively low chances for re-employment for jobseekers, making unemployment relatively persistent, and difficult school-to-work transitions which contribute to nurturing high youth under-employment.

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