Press Release 07/02/2014

ADVANCE QUARTERLY ECONOMIC ACCOUNTS OF THE BASQUE COUNTRY (ACET) 4TH QUARTER 2013

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The GDP of the Basque Country registered a 0.3% quarter-on-quarter growth in the fourth quarter of 2013

In 2013 as a whole GDP fell by 1.2%

The Gross Domestic Product (GDP) of the Basque Country posted a growth of 0.3% in the fourth quarter of 2013 with respect to the previous quarter, once corrected for calendar and seasonal effects, according to the advance data prepared by EUSTAT. The quarter-on-quarter variation of the Spanish economy also stood at 0.3%, according to data published by the National Statistics Institute (INE).

Compared to the same quarter of the previous year, the year-on-year variation rate was down by 0.3%, eight-tenths of a percentage point higher than the year-on-year variation posted in the third quarter (-1.1%). This year-on-year rate stood at -0.1% for the Spanish economy.

GDP growth rates (%). The Basque Country
Source: Eustat. Advance quarterly economic accounts. Reference year 2010

From the point of view of supply, quarter-on-quarter growth was due above all to the contributions of the primary sector, construction sector and the market services sector. In year-on-year terms, all sectors showed negative rates in the fourth quarter, except for the industry sector, which obtained a non-negative year-on-year rate for the first time after eight consecutive periods of decline.

Employment, measured as full-time equivalent jobs, posted a timid quarter-on-quarter increase of 0.1% following thirteen consecutive periods of contraction. In year-on-year terms, however, employment fell in the fourth quarter by 0.1%, a smaller drop than in previous periods.

The first estimation of GDP variation for the whole of 2013 indicated a fall of 1.2%, identical to that registered by the Spanish economy.

For further information:

Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz Press Service: servicioprensa@eustat.eus Tlf: 945 01 75 62 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 GDP of the Basque Country registered a 0.3% quarter-on-quarter growth in the fourth quarter of 2013

Operation : 
Quarterly accounts
Código operación : 
170115
Frequency : 
Trimestral
Timeframe : 
4º TRIMESTRE 2013
Last updated : 
02/07/2014
Next update : 
12/02/2019
Type of operation : 
Síntesis
Available formats : 
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Licence : 
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Permalink : 
http://en.eustat.eus/elementos/not0011358_i.html
Body responsible : 
Other bodies : 
Departamento de Desarrollo Económico e Infraestructuras

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