Press Release 27/07/2017
The GDP of the Basque Country posted a 2.9% year-on-year growth in the second quarter of 2017
GDP grew 0.9% compared to the previous quarter of 2017
The Gross Domestic Product (GDP) of the Basque Country posted a year-on-year growth of 2.9% in the second quarter of 2017, once corrected for calendar and seasonal effects, according to the advance data prepared by EUSTAT.
With regards to the previous quarter, the quarter-on-quarter variation rate was 0.9%, two tenths higher than in the previous quarter of 2017.
From the perspective of supply, the year-on-year growth of the second quarter of 2017 maintained the same tendency as that observed in the previous quarter, sustained, above all, by the trend in the services sector, together with a positive rate of growth in the industrial sector and the construction sector which continued to progress at the same rate as at the end of 2016.
Employment, measured as full-time equivalent jobs, has increased by 2.2% compared to the same quarter of the previous year. Quarter-on-quarter growth was 0.8%.
For further information:
Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
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