Basque Economy Slows Growth With GDP Up 3.8%

Basque Economy Slows Growth With GDP Up 3.8%


Basque Economy

Agencies | EITB average

It grew 0.1% sequentially and employment increased 0.3%, with more than 19,500 jobs created.

Euskaraz irakurri: EAEko ekonomiaren Hazkundea moteldu egin da, BPGa% 3.8 igo baita

Growth of the Basque Country’s economy slowed more than expected in the third quarter of the year since gross domestic product (GDP) finally grew by 3.8% year-on-year, a tenth less than expected in the quarterly accounts. Yostat on October 17th.

In addition, according to data published on Friday by Eustat, employment, measured in terms of full-time equivalent jobs, increased by 0.3% quarter-on-quarter in the third quarter of the year, representing year-on-year growth. 2 0.0%, a total of 19,513 net jobs more than in the third quarter of 2021.

Regarding the evolution of GDP by historical territories, in the third quarter of 2022 Gipuzkoa presented interannual growth of 3.5% and Alava and Bizcaya of 3.9%.

The estimated interannual growth in the third quarter of GDP for the Basque Country is higher than estimated in the US economy (1.8%), in the euro area (2.1%) and in the European Union as a whole (2.4%).

The interannual growth estimate for the Spanish economy, for its part, also stands at 3.8% in the progress of Spain’s quarterly national accounts on October 28.

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