Press Release 09/09/2013
The GDP of the Basque Country registered a 0.1% quarter-on-quarter downturn in the second quarter of 2013
In year-on-year terms, this represents a fall of 1.5%
The Gross Domestic Product (GDP) of the Basque Country posted a drop of 0.1% in the second quarter of 2013 with respect to the previous quarter, once corrected for calendar and seasonal effects, according to the advance data prepared by EUSTAT. This figure is two tenths less negative than that registered in the previous quarter and the same as the figure registered by the Spanish economy, according to the data published by the National Statistics Institute.
With regards to the same quarter of the previous year, the year-on-year fall was 1.5%, four tenths higher than the fall registered for the first quarter. This figure stood at -1.6% for the Spanish economy.
From the point of view of supply, all sectors registered negative year-on-year evolution in the second quarter of 2013, although for each of them the figures were slightly less negative than the figure in the preceding quarter. From the point of view of demand, the contribution of the foreign sector was still positive, although internal demand reflected a less negative performance than the previous quarter.
Employment, measured as full time equivalent jobs, maintained negative figures when compared with the same quarter in the previous year and in quarter-on-quarter terms, registering falls of -2.5% and -0.1%, respectively, although the descent was less accused than in the previous quarter.
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