This document presents the main results of the latest investment and capital stock estimates for the Spanish economy, developed jointly by the Ivie and the BBVA Foundation in 2020. The data has been updated to cover the period 1964-2018 with a broad breakdown by assets (intangible and tangible), sectors, regions and provinces. The richness of the database enables the characteristics of capitalization to be studied from multiple angles, making these estimates an essential tool for the study of the sources of growth in Spain.
In this edition, both the structure of the database and the methodology used have been revised. Specifically, the classification of assets and industries, the service lives and depreciation rates of some assets and the method of estimating the capital user cost, needed to calculate the volume index of productive capital or capital services, have been revised. In addition, data on investment and capital stock have been updated until 2020 in an effort to analyse the effects of the COVID-19 pandemic on capital accumulation in Spain.