Press Release 27/07/2016

QUARTERLY ACCOUNTS. ADVANCE. II /2016

The GDP of the Basque Country posted a 3.0% year-on-year growth in the second quarter of 2016

The quarter-on-quarter variation rate stood at 0.7%

The Gross Domestic Product (GDP) of the Basque Country posted a year-on-year growth of 3.0% in the second quarter of 2016, 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 0.7.

From the perspective of supply, year-on-year growth in the second quarter of 2016 was underpinned, above all, by an upward trend in the services sector, together with a relative slowdown in the industry growth rate.

Employment, measured as full-time equivalent jobs, has increased by 1.8% in this second quarter of 2016. Quarter-on-quarter growth was 0.6%.

For further information:

Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz Press Service: servicioprensa@eustat.es 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