Press Release 27/10/2016

QUARTERLY ACCOUNTS. ADVANCE. III/2016

The GDP of the Basque Country registered 3.0% year-on-year growth in the third quarter of 2016

The quarter-on-quarter variation rate stood at 0.6%

The Gross Domestic Product (GDP) of the Basque Country posted a year-on-year growth of 3.0% in the third quarter of 2016, once corrected for calendar and seasonal effects, according to the advance data prepared by EUSTAT. Compared to the previous quarter, the month-on-month variation rate was 0.6%.

From the perspective of supply, year-on-year growth in the third quarter of 2016 was underpinned, above all, by an upward trend in the services sector, with a steady rate of industrial growth.

Employment, measured as full-time equivalent jobs, has increased by 1.8% in this third quarter of 2016. Quarter-on-quarter growth was 0.2%.

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