Press Release 28/01/2016


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The GDP of the Basque Country registered 3.1% year-on-year growth in the fourth quarter of 2015

Overall growth for 2015 is estimated at 2.8%

The Gross Domestic Product (GDP) of the Basque Country posted a year-on-year growth of 3.1% in the fourth quarter of 2015, once corrected for calendar and seasonal effects, according to the advance data prepared by EUSTAT. This rate is one tenth of a percentage point higher than that obtained in the previous quarter.

The variation rate with respect to the third quarter of 2015 was 0.8%, identical to that of the previous quarter.

From the perspective of supply, the year-on-year growth of the fourth quarter of 2015 was underpinned, above all, by the performance of the industry and services sectors, together with an upward trend in the primary sector. Construction remained at the same level as the previous quarter.

The growth rate of employment, measured in full-time equivalent jobs, increased in the last quarter of the year, reaching 2.0% in the fourth quarter of 2015 compared to the previous year. Quarter-on-quarter growth was 0.7%.

Over 2015 as a whole, the first GDP growth estimate averages 2.8%, double the positive rate of the previous year which was 1.4%. Employment also saw an upturn, estimated at 1.7%.

For further information:

Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz Press Service: Tlf: 945 01 75 62 Further press releases on the quarterly accounts of the Basque Country. Advance Quarterly accounts of the Basque Country. Advance. Databank

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The GDP of the Basque Country registered 3.1% year-on-year growth in the fourth quarter of 2015

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