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Databases
Observatory of Productivity and Competitiveness in Spain (OPCE)
The BBVA Foundation and the Instituto Valenciano de Investigaciones Económicas (Ivie) have developed an extensive research program on Spanish economic growth, with a focus on the country’s productivity and competitiveness issues. As a result of this collaboration, the Observatory of Productivity and Competitiveness in Spain (OPCE) was established. Its objective is to generate data on a regular basis and to carry out international, sectorial and regional analyses and comparisons of Spanish productivity and competitiveness.
The first edition of the OPCE database has two sections, one with national information and the other with a regional perspective. The variables included in both are the same (productivity of labor, capital, total factor productivity [TFP], contributions of labor and capital to the growth of value added and labor productivity, etc.). The difference between the two is found, first, in the sectoral detail of the information, since, for Spain, it is possible to distinguish among 33 individual sectors of activity, while for the Spanish regions, the first edition of the database only offers information for the economy as a whole. Secondly, the period covered is also different: 1995-2022 for the national comparison and 1995-2021 for the regional.
Given that the official figures of the Observatory’s main variables have a time lag of one or two years, and the importance of obtaining advance indicators of the most recent evolution of productivity in our country, the OPCE also includes a productivity tracker, which offers quarterly information on the evolution of labor productivity, capital productivity and TFP for the national total and by sector of activity.
Report
Productivity Tracker
Working paper
Recommended citation
OPCE Database
Fundación BBVA and Ivie (Instituto Valenciano de Investigaciones Económicas). Observatorio de la Productividad y la Competitividad en España (OPCE). Bilbao: València, January 2024. Available at: https://www.fbbva.es/bd/observatorio-productividad-competitividad-espana/ [access date:].
Productivity Tracker
Fundación BBVA and Ivie (Instituto Valenciano de Investigaciones Económicas). Rastreador de productividad. Datos trimestrales (2000TI – 2024TI). Bilbao: València, julio de 2024. Available at: https://www.fbbva.es/bd/observatorio-productividad-competitividad-espana/#bd-3-0 [access date:].