Press release dated 10/02/2011

ADVANCE QUARTERLY ECONOMIC ACCOUNTS OF THE BASQUE COUNTRY (ACET) 4th QUARTER 2010

The Basque Country GDP posted 0.8% positive year-on-year growth

There was a 0.2% fluctuation on the previous quarter

The Basque Country Gross Domestic Product (GDP) posted positive year-on-year growth (0.8%) compared to the same quarter of the previous year, once corrected for calendar and seasonal effects, according to the advance data prepared by EUSTAT. It is the third consecutive quarter with positive year-on-year growth after six consecutive negative quarters. Year-on-year growth of the Spanish economy stood at 0.6%, according to the data advanced by the Bank of Spain.

With respect to the previous quarter, the Basque Country GDP registered a 0.2% growth rate for the fourth quarter of 2010. This marks a return to positive growth, after a third quarter with zero quarter-on-quarter growth. This rate is identical to the estimate for the Spanish economy.

The provisional real growth of the Basque Country GDP is calculated to be 0.3% for the year as a whole.

GDP growth rates (%). The Basque Country

From the point of view of supply, the year-on-year growth in this quarter was underpinned by the relative better performance by Industry and Market Services. Non-market Services posted a more moderate performance and Construction returned to negative figures.

As far as employment was concerned, jobs fell both in year-on-year terms and with respect to the previous quarter. The figure was also negative for 2010 as a whole.

For further information:

Basque Statistics Office C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz Tel.: +34-945-01 75 00 Fax: +34-945-01 75 01 E-mail: eustat@eustat.es Contact: Javier Aramburu Tel:+34-945-01 75 06 Fax:+34-945-01 75 01 Further press releases on the Advance Quarterly Economic Account of the Basque Country (ACET) Advance Quarterly Economic Account of the Basque Country (ACET) databank

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The Basque Country GDP posted 0.8% positive year-on-year growth

Operation : 
Quarterly accounts
Código operación : 
170115
Frequency : 
Trimestral
Timeframe : 
4º TRIMESTRE 2010
Last updated : 
02/10/2011
Next update : 
12/02/2019
Type of operation : 
Síntesis
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Permalink : 
http://en.eustat.eus/elementos/not0006670_i.html
Body responsible : 
Other bodies : 
Departamento de Desarrollo Económico e Infraestructuras

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