According to a European Commission report, Spain’s economy is expected to grow by 2.5% in 2023, 1.7% in 2024 and 2.0% in 2025. These forecasts suggest that although economic growth will continue, the pace of inflation will slow in 2024 and rise again in 2025, as inflation is expected to fall to 3.4% in 2024 from 3.4% last year. It suggests that there is. Rising interest rates will affect domestic demand, and lower debt ratios could also slow growth. GDP growth is expected to accelerate in 2025 due to increased business investment, external demand, and easier lending conditions.
5. Mercadona SA
Revenue in 2023: $38.6 billion
Mercadona SA is a family-owned supermarket chain and online store based in Spain. Mercadona SA operates in around 13 countries around the world and has a network of over 1,600 stores in Spain. Mercadona SA is one of Spain’s largest private companies, reporting sales of $38.6 billion in 2023.
4. Banco Bilbao Vizcaya Argentaria, S.A. (BME:BBVA)
Market capitalization: $66.6 billion
Banco Bilbao Vizcaya Argentaria, S.A. (BME:BBVA) is Spain’s largest multinational financial services company with a global presence around the world. One of the companies. The company provides banking and financial products and services to individuals, businesses and institutional customers. Banco Bilbao Vizcaya Argentaria, S.A. (BME:BBVA) is focused on innovation, technology and digital banking solutions. The company’s market capitalization was $66.66 billion as of March 20.
3. Banco Santander, S.A. (BME:SAN)
Market capitalization: $71.75 billion
Banco Santander, S.A. (BME:SAN) is a Spanish banking group and one of the largest banking groups in the world . It offers a wide range of financial services including retail banking, commercial banking, wealth management and insurance. The company focuses on innovation and digital transformation to improve customer experience. As of March 20, Banco Santander, S.A. (BME:SAN) was valued at $71.75 billion.
2. Iberdrola, S.A. (BME:IBE)
Market capitalization: $75.34 billion
Iberdrola, S.A. (BME:IBE) is one of Spain’s largest multinational energy supply companies. Iberdrola, SA (BME:IBE) is focused on renewable energy. The company operates in the fields of power generation, transmission, distribution and retail, and is committed to sustainable energy solutions. As of March 20, Iberdrola, SA (BME:IBE) was valued at $75.34 billion.
1. Industria de Designo Textil, S.A. (BME:ITX)
Market Cap: $155.68 billion
Industria de Diseño Textil, S.A. (BME:ITX), commonly known as Inditex, is a Spanish multinational clothing company and one of the world’s largest fashion retailers. The company designs, produces, markets and distributes brands such as Zara, Pull&Bear, Massimo Dutti, Bershka and StrADIvarius. Industria des Designno Textiles S.A. (BME:ITX) has a worldwide presence with more than 5,600 branches. The company’s valuation as of March 20 was $155.68 billion.