Relative Prices Indicator of International Tourism in Catalonia

Trend data Catalonia.
Countries of the world Price component Exchange rate component Countries of the European Union (EU-28) Price component Exchange rate component Germany Spain France Italy United Kingdom Andalusia Canàries Comunitat Valenciana Comunitat de Madrid Illes Balears
Q2/2015 95.2 94.3 101.0 95.7 96.5 99.2 92.5 101.3 94.9 98.7 81.6 102.7 101.5 101.7 101.4 100.6
Q1/2015 96.3 94.7 101.7 96.2 96.7 99.5 92.9 101.3 95.1 98.8 84.3 102.7 101.5 101.7 101.4 100.6
Q4/2014 97.3 95.0 102.4 96.7 96.9 99.8 93.3 101.3 95.2 98.8 87.0 102.7 101.6 101.7 101.5 100.4
Q3/2014 97.8 95.4 102.6 97.1 97.1 100.0 93.6 101.2 95.7 98.9 88.9 102.6 101.7 101.8 101.5 100.4
Q2/2014 98.2 95.8 102.5 97.5 97.4 100.1 94.0 101.2 96.2 98.9 90.9 102.5 101.7 101.8 101.5 100.5
Q1/2014 98.1 96.2 102.0 97.8 97.6 100.2 94.3 101.2 96.7 99.0 92.3 102.4 101.5 101.8 101.4 100.6
Q4/2013 98.0 96.6 101.4 98.1 97.9 100.2 94.8 101.2 97.4 99.2 93.3 102.3 101.4 101.8 101.5 100.8
Q3/2013 97.9 97.1 100.8 98.4 98.3 100.1 96.2 101.2 97.8 99.5 93.2 102.2 101.3 101.8 101.5 100.9
Q2/2013 97.5 97.5 100.1 98.4 98.5 99.8 97.2 101.1 98.1 99.6 91.9 102.0 101.1 101.7 101.4 101.0
Q1/2013 97.6 97.8 99.8 98.5 98.8 99.7 98.7 101.0 98.3 99.7 91.1 101.7 100.9 101.6 101.2 101.0
Q4/2012 97.7 98.1 99.6 98.6 99.0 99.6 100.0 100.8 98.6 99.8 91.0 101.4 100.7 101.3 100.9 101.0
Q3/2012 98.2 98.3 99.9 99.0 99.1 99.9 100.0 100.7 98.9 99.6 92.4 101.0 100.5 101.0 100.7 100.9
Q2/2012 99.0 98.5 100.5 99.4 99.2 100.1 100.1 100.4 99.1 99.7 95.2 100.7 100.4 100.7 100.3 100.9
Q1/2012 99.6 98.8 100.8 99.7 99.4 100.2 100.2 100.3 99.5 99.7 97.6 100.5 100.3 100.5 100.2 100.8
Q4/2011 100.0 99.1 100.9 99.8 99.6 100.2 100.3 100.2 99.8 99.7 98.6 100.3 100.2 100.4 100.0 100.8
Q3/2011 100.0 99.4 100.6 99.9 99.8 100.1 100.5 100.1 100.0 99.8 99.4 100.2 100.2 100.2 100.0 100.8
Q2/2011 99.8 99.7 100.1 99.9 100.0 99.9 100.5 100.1 100.2 99.9 98.7 100.2 100.1 100.1 100.0 100.7
Q1/2011 99.6 99.9 99.7 99.9 100.0 99.9 100.3 100.0 100.1 100.0 98.5 100.1 100.1 100.0 100.0 100.4
Q4/2010 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Q3/2010 100.8 100.1 100.7 100.1 99.9 100.2 99.8 99.9 99.8 100.0 101.6 99.8 99.8 99.9 99.9 99.6
Q2/2010 101.6 100.1 101.5 100.3 99.9 100.4 99.6 99.8 99.7 100.0 103.2 99.6 99.5 99.7 99.7 99.3
Q1/2010 102.5 100.3 102.2 100.5 99.9 100.6 99.5 99.7 99.4 100.0 104.3 99.5 99.1 99.6 99.6 99.1
Q4/2009 102.9 100.4 102.4 100.7 99.8 100.9 99.5 99.6 99.0 100.0 105.2 99.4 98.7 99.4 99.3 98.8
Q3/2009 102.3 100.5 101.8 100.3 99.7 100.6 99.5 99.5 98.7 99.8 103.4 99.3 98.3 99.4 99.2 98.5
Q2/2009 101.7 100.5 101.2 99.7 99.7 100.0 99.5 99.4 98.5 99.5 100.9 99.2 98.1 99.3 99.0 98.1
Q1/2009 101.3 100.6 100.8 99.1 99.7 99.4 99.6 99.3 98.5 99.3 98.3 99.1 97.9 99.2 98.8 97.8
Q4/2008 100.8 100.8 100.1 98.4 99.8 98.6 99.5 99.3 98.4 99.0 93.9 99.0 98.0 99.3 98.9 97.7
Q3/2008 100.5 100.8 99.7 97.8 99.7 98.1 98.9 99.4 98.1 98.5 90.0 99.0 97.9 99.5 98.9 97.6
Q2/2008 100.1 100.9 99.2 97.5 99.6 97.9 98.3 99.4 97.7 97.9 86.7 98.9 97.8 99.6 99.0 97.5
Q1/2008 99.5 100.9 98.5 97.1 99.4 97.7 97.4 99.4 97.3 97.4 83.2 98.9 97.6 99.7 99.0 97.4
Q4/2007 98.7 100.7 98.1 96.5 99.0 97.5 96.6 99.3 96.8 96.8 80.2 98.7 97.3 99.8 98.9 97.3
Q3/2007 98.1 100.3 97.8 96.0 98.6 97.4 96.0 99.2 96.2 96.2 78.8 98.5 96.9 99.8 98.8 97.1
Q2/2007 97.5 99.8 97.7 95.5 98.0 97.5 95.3 99.0 95.5 95.5 78.4 98.3 96.4 99.8 98.4 97.0
Q1/2007 96.9 99.3 97.6 95.1 97.5 97.5 94.6 98.8 94.9 94.9 78.3 98.1 95.9 99.7 98.1 97.1
Q4/2006 96.2 99.0 97.2 94.8 97.1 97.6 94.1 98.8 94.3 94.3 78.4 98.2 95.5 99.8 97.9 97.1
Q3/2006 95.6 98.7 96.9 94.5 96.7 97.7 93.4 98.7 93.9 93.8 78.4 98.3 95.3 99.8 97.8 97.1
Q2/2006 95.1 98.4 96.6 94.1 96.3 97.7 92.7 98.7 93.4 93.3 78.2 98.4 95.1 100.0 97.7 97.0
Q1/2006 94.9 98.1 96.7 93.7 95.9 97.7 91.9 98.7 92.9 92.7 77.7 98.5 94.9 100.0 97.7 96.8
Q4/2005 94.9 97.7 97.1 93.3 95.4 97.8 91.0 98.6 92.2 92.1 77.6 98.4 94.6 99.9 97.7 96.2
Q3/2005 95.1 97.3 97.7 93.0 94.9 98.0 90.2 98.4 91.6 91.5 77.8 98.4 94.1 99.7 97.5 95.8
Q2/2005 95.1 97.0 98.1 92.6 94.4 98.1 89.4 98.3 91.2 90.9 77.3 98.4 93.6 99.6 97.4 95.4
Q1/2005 94.9 96.6 98.2 92.3 94.0 98.2 88.6 98.2 90.7 90.6 76.7 98.4 93.1 99.3 97.1 95.3
Q4/2004 94.7 96.4 98.3 92.1 93.7 98.3 87.8 98.1 90.2 90.2 76.0 98.4 92.6 99.2 96.9 95.6
Q3/2004 94.3 96.2 98.1 91.9 93.3 98.4 87.0 97.9 89.7 89.8 75.7 98.4 92.0 98.9 96.6 95.7
Q2/2004 93.8 96.0 97.7 91.7 93.0 98.6 86.2 97.8 89.5 89.4 76.1 98.4 91.4 98.8 96.3 95.8
Q1/2004 93.4 95.9 97.4 91.5 92.7 98.6 85.4 97.7 89.0 89.1 76.8 98.4 90.7 98.7 96.0 95.5
Q4/2003 92.5 95.7 96.6 90.9 92.4 98.4 84.5 97.5 88.6 88.8 76.2 98.3 90.1 98.8 95.9 95.4
Q3/2003 91.3 95.6 95.5 90.2 92.0 98.0 83.7 97.3 88.2 88.5 74.3 98.1 89.4 98.8 95.6 95.2
Q2/2003 90.1 95.3 94.5 89.4 91.6 97.6 82.8 97.1 87.6 88.3 72.1 98.0 88.9 98.5 95.3 95.1
Q1/2003 88.5 95.1 93.1 88.7 91.3 97.1 81.9 96.9 87.1 88.1 69.8 97.8 88.5 98.3 95.1 95.0
Units: Base 2010=100.
Source: Idescat and Ministry for Business and Labour, based on OMT, IMF, Eurostat and INE data.
Notes:
An increase in the indicator reflex a loss in competitiveness.
The relation between the countries of the world and the EU can be consulted in the methodology.
Gross data Catalonia.
Countries of the world Price component Exchange rate component Countries of the European Union (EU-28) Price component Exchange rate component Germany Spain France Italy United Kingdom Andalusia Canàries Comunitat Valenciana Comunitat de Madrid Illes Balears
Q2/2015 93.6 93.9 99.7 94.9 96.3 98.5 92.0 101.4 95.5 98.1 77.3 102.7 102.2 102.0 101.2 100.6
Q1/2015 94.0 93.8 100.2 95.3 96.2 99.0 91.4 101.2 94.3 98.9 78.9 102.5 100.4 101.5 101.0 101.5
Q4/2014 96.0 94.3 101.8 96.1 96.5 99.6 92.3 101.2 95.4 98.5 83.7 102.6 101.1 101.7 101.0 101.0
Q3/2014 97.3 95.2 102.2 96.7 97.0 99.7 94.0 101.4 94.7 99.3 86.5 103.0 102.3 101.6 102.1 99.2
Q2/2014 97.9 95.3 102.7 96.9 97.0 99.9 93.7 101.4 96.0 98.4 88.3 102.7 102.4 102.1 101.6 100.8
Q1/2014 98.0 95.2 103.0 97.1 96.9 100.1 93.1 101.0 95.0 99.1 89.7 102.4 100.8 101.5 101.1 100.6
Q4/2013 98.1 95.9 102.4 97.6 97.4 100.2 93.8 101.1 97.1 98.7 91.2 102.3 101.2 101.8 101.0 101.0
Q3/2013 98.7 96.9 101.8 98.4 98.1 100.3 95.4 101.4 96.7 99.3 94.6 102.7 102.3 101.8 102.2 99.6
Q2/2013 97.7 96.8 100.8 98.3 98.1 100.2 95.0 101.3 98.2 98.8 93.7 102.3 101.8 101.9 101.3 101.2
Q1/2013 97.6 96.9 100.7 98.3 98.2 100.2 94.9 101.1 97.4 99.8 93.9 101.9 100.4 101.7 101.4 101.4
Q4/2012 97.6 97.8 99.8 98.6 98.9 99.6 99.4 101.0 98.9 99.9 90.8 101.8 100.8 101.7 101.0 101.4
Q3/2012 97.3 98.3 98.9 98.3 99.0 99.3 99.6 101.2 97.8 99.7 89.1 101.9 101.2 101.6 101.8 99.9
Q2/2012 97.9 98.2 99.7 98.8 99.1 99.7 100.9 100.9 99.1 99.4 90.6 101.2 101.1 101.4 100.8 101.3
Q1/2012 98.1 98.1 100.0 98.9 99.0 100.0 100.3 100.3 98.5 100.0 93.5 100.6 99.7 100.5 100.1 101.3
Q4/2011 99.6 98.5 101.1 99.8 99.4 100.5 99.4 100.3 100.1 99.5 96.4 100.4 100.1 100.5 100.0 101.0
Q3/2011 100.3 99.2 101.1 99.9 99.6 100.3 99.8 100.3 98.8 100.0 100.2 100.5 100.7 100.3 100.4 99.9
Q2/2011 100.4 99.4 101.1 100.0 99.9 100.1 101.5 100.3 100.5 99.5 100.2 100.3 100.5 100.5 100.0 101.2
Q1/2011 99.4 99.3 100.2 99.6 99.7 99.9 100.7 99.9 100.0 99.9 97.7 99.9 99.5 100.0 99.6 101.2
Q4/2010 99.9 99.8 100.1 100.1 100.1 100.0 99.9 100.0 100.6 99.9 99.6 100.1 100.2 100.0 99.9 101.0
Q3/2010 99.6 100.4 99.2 99.8 100.2 99.6 99.8 100.1 99.5 100.5 97.3 100.4 100.4 100.0 100.5 99.4
Q2/2010 99.3 100.0 99.4 99.9 99.9 100.0 100.7 100.1 100.1 99.8 99.7 100.0 100.2 100.2 100.0 100.0
Q1/2010 101.1 99.9 101.3 100.2 99.8 100.4 99.6 99.7 99.7 99.9 103.4 99.5 99.2 99.8 99.6 99.6
Q4/2009 103.0 100.1 102.9 100.6 99.8 100.8 98.9 99.6 100.0 99.7 106.2 99.3 99.3 99.5 99.4 99.2
Q3/2009 103.0 100.7 102.3 100.3 99.9 100.4 99.2 99.7 98.9 100.6 103.5 99.6 99.1 99.4 99.7 98.4
Q2/2009 102.9 100.7 102.2 100.9 99.9 100.9 100.4 99.7 98.9 100.0 104.0 99.6 98.8 99.6 99.5 99.3
Q1/2009 102.6 100.3 102.3 101.0 99.6 101.4 99.5 99.2 98.3 99.7 107.1 99.1 97.5 99.2 98.7 98.2
Q4/2008 100.7 100.3 100.4 99.1 99.6 99.5 99.1 99.3 98.9 99.1 98.8 99.0 97.7 99.2 98.7 98.0
Q3/2008 100.5 100.8 99.8 97.9 99.8 98.1 99.2 99.3 98.1 99.4 93.5 99.2 98.3 99.1 99.2 97.0
Q2/2008 101.6 101.0 100.6 98.4 100.0 98.4 100.6 99.4 98.7 98.9 93.8 99.1 98.3 99.4 98.8 97.9
Q1/2008 100.6 101.0 99.6 98.0 99.8 98.2 99.1 99.3 98.1 98.5 89.7 98.9 97.7 99.5 98.8 97.9
Q4/2007 99.2 100.6 98.6 96.9 99.3 97.6 96.8 99.4 97.6 97.2 83.0 98.8 97.4 99.9 98.8 97.7
Q3/2007 99.1 101.1 98.0 96.6 99.2 97.4 96.6 99.4 96.5 97.2 80.4 99.0 97.8 99.5 99.4 96.7
Q2/2007 98.9 101.1 97.9 96.7 99.3 97.4 97.3 99.5 97.1 96.8 79.7 98.9 97.4 100.0 99.0 97.4
Q1/2007 97.7 100.0 97.7 95.7 98.3 97.4 95.9 99.0 95.8 96.0 77.9 98.2 96.5 99.9 98.4 97.5
Q4/2006 96.7 99.1 97.6 94.9 97.5 97.4 94.4 98.9 95.2 94.7 77.4 98.0 95.8 99.8 98.4 96.7
Q3/2006 96.7 99.0 97.7 94.8 97.0 97.7 93.7 98.6 93.9 94.6 78.7 98.0 95.8 99.4 97.7 96.5
Q2/2006 96.4 99.0 97.4 94.9 97.1 97.8 94.4 98.8 94.5 94.1 79.2 98.2 95.3 99.8 97.8 97.6
Q1/2006 95.0 98.7 96.3 94.4 96.7 97.6 93.7 98.8 93.8 93.6 78.5 98.5 95.0 100.0 97.7 97.7
Q4/2005 94.4 98.1 96.3 93.7 96.0 97.7 91.7 98.8 93.3 92.9 77.2 98.4 95.0 100.1 98.0 96.7
Q3/2005 94.8 98.0 96.7 93.4 95.5 97.8 90.9 98.6 92.1 92.5 78.1 98.5 95.1 100.0 97.4 96.1
Q2/2005 95.2 97.8 97.4 93.3 95.4 97.8 91.5 98.7 92.3 91.9 77.0 98.6 94.7 100.1 97.9 96.4
Q1/2005 95.3 97.1 98.2 92.8 94.7 98.0 90.1 98.3 91.3 91.3 78.2 98.4 93.6 99.5 97.3 95.6
Q4/2004 95.1 96.4 98.7 92.3 93.9 98.3 88.1 98.1 90.8 90.4 77.9 98.2 93.0 99.3 97.2 94.9
Q3/2004 94.6 96.6 98.0 91.9 93.7 98.1 87.8 98.1 90.1 90.2 75.9 98.3 93.2 99.3 97.0 94.7
Q2/2004 94.4 96.4 97.9 92.1 93.7 98.3 88.2 98.2 90.4 90.3 74.7 98.6 92.6 99.2 97.1 96.2
Q1/2004 94.8 96.1 98.6 92.1 93.4 98.7 87.1 97.9 89.6 89.8 75.6 98.4 91.6 98.8 96.5 96.4
Q4/2003 93.3 95.5 97.7 91.3 92.5 98.8 84.9 97.5 88.8 88.7 76.7 98.2 90.6 98.3 95.9 95.3
Q3/2003 92.8 96.1 96.5 91.3 92.6 98.6 84.5 97.6 89.0 88.9 77.5 98.4 90.7 98.9 95.8 95.1
Q2/2003 92.7 95.9 96.7 91.0 92.4 98.5 85.0 97.6 88.7 88.8 77.3 98.5 90.0 98.9 95.8 95.4
Q1/2003 91.1 95.5 95.4 90.0 92.0 97.8 83.8 97.4 88.0 88.5 73.3 98.2 89.0 99.0 95.9 95.8
Units: Base 2010=100.
Source: Idescat and Ministry for Business and Labour, based on OMT, IMF, Eurostat and INE data.
Notes:
An increase in the indicator reflex a loss in competitiveness.
The relation between the countries of the world and the EU can be consulted in the methodology.

Date published: December 11, 2015.

Methodological note

Relative Prices Indicator of International Tourism in Catalonia is defined as the product of two indexes, one specifically associated to touristic prices (price component) and another associated to the euro exchange rate (exchange rate component).

The index for the price component is the quotient between the touristic prices in Catalonia and a weighted geometric mean of the touristic prices of the countries included in each of the areas and markets being considered. In almost the entire basket of countries, touristic prices are approximated by means of group 11 of the COICOP Classification (Hotels, cafes and restaurants) of the CPI of different countries; in other cases the general index is used. The reference period is the mean for 2010. The sources of data are Eurostat, the International Monetary Fund, the INE and, in some cases, local sources.

The index for the exchange rate component is the weighted geometric mean of the cash exchange rates for the euro with the currency of each of the countries included in the markets being considered. As in the previous case, the reference period is the mean for 2010. The sources of data are Eurostat and the International Monetary Fund.

The weighting of each currency and price has been calculated using the mean flows of tourists between countries from 2006 to 2008, information provided by the World Tourism Organisation. The method for calculating the weightings involves three phases: double weighting of exports in order to consider the effect of third markets, bilateral weightings for imports and, finally, the production of a synthetic weighting for each country.

These definitions understood, an increase in the relative price indicator denotes a loss of competitiveness by Catalan tourism in relation to competing countries or markets. An increase in the indicator always occurs when the euro is globally appreciated and/or when relative prices increase more (decrease less) in Catalonia than in the rest of the world. Note that this measure of competitiveness does not contain any other competitiveness factor other than changes in the relative price, in particular not those that modify the quality of touristic products.

The countries included in each of the areas are as follows:

  • Countries of the European Union (UE-28): Germany, Austria, Belgium, Bulgaria, Croatia, Denmark, Slovakia, Slovenia, Spain, Estonia, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxemburg, Malta, Netherlands, Poland, Portugal, United Kingdom, Czech Republic, Romania, Sweden and Cyprus.
  • Countries of the world: the above plus Albania, Andorra, Armenia, Australia, Azerbaijan, Bosnia & Herzegovina, Brazil, Canada, South Korea, Costa Rica, Cuba, Egypt, United States, Philippines, Georgia, Hong Kong, India, Indonesia, Iceland, Israel, Japan, Kazakhstan, Kirghizstan, Liechtenstein, Macedonia, Malaysia, Morocco, Montenegro, Mexico, Norway, New Zealand, Puerto Rico, Dominican Republic, Russia, Serbia, Singapore, South Africa, Switzerland, Thailand, Taiwan, Tunisia, Turkey, Ukraine and China.

This indicator is offered in gross and trend terms. In the latter case it is calculated as a mobile mean of the last four quarters.

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