## Spain: 2026 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain

_IMF Staff Country Reports, May 22, 2026_

## Source details

**Canonical URL:** [Spain: 2026 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain](https://www.imf.org/en/publications/cr/issues/2026/05/21/spain-2026-article-iv-consultation-press-release-staff-report-and-statement-by-the-576248)

## Other formats

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## Bibliographic details
- Published: May 22, 2026
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229046381.002

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### Summary findings and near-term outlook
- The Spanish economy has continued to outperform euro area peers.
- A pickup in domestic demand has offset subdued exports.
- Growth is projected to remain robust in the near term before slowing further as labor force gains, which have fueled growth in recent years, taper.
- Notwithstanding the impact from the war in the Middle East, risks are predominantly to downside.

### Key thematic areas covered
- Employment and Labor:
  - Subject tags include Employment, Labor, Labor markets, and Wages.
  - The report highlights recent labor force gains as an important driver of growth that are expected to taper, contributing to a slowdown later.
- External sector and geopolitical risks:
  - Subdued exports are noted alongside a pickup in domestic demand.
  - The war in the Middle East is identified as an adverse shock affecting the outlook.
- Public finances:
  - Public debt is listed among the report subjects; the page overview indicates public debt as a topic of coverage.

### Publication and document specifics
- Pages: 97
- Volume: 2026
- Issue: 102
- Series: Country Report No. 2026/102
- DOI: https://doi.org/10.5089/9798229046381.002
- Stock No: 1ESPEA2026001
- ISBN: 9798229046381
- ISSN: 1934-7685
- Publication date on page: May 22, 2026

*Source: Spain: 2026 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain — IMF Staff Country Reports (page overview).*

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_Source: https://www.imf.org/en/publications/cr/issues/2026/05/21/spain-2026-article-iv-consultation-press-release-staff-report-and-statement-by-the-576248_