Press Release 27/10/2017
The GDP of the Basque Country registered 2.9% year-on-year growth in the third quarter of 2017
GDP grew 0.7% compared to the previous quarter
The Gross Domestic Product (GDP) of the Basque Country posted a year-on-year growth of 2.9% in the third quarter of 2017, once corrected for calendar and seasonal effects, as was the case in the previous quarter, according to the advance data prepared by EUSTAT.
With regards to the previous quarter, the quarter-on-quarter variation rate was 0.7%, two tenths less than in the previous quarter of 2017.
From the perspective of supply, the year-on-year growth of the third quarter of 2017 maintained the same tendency as that observed in the previous quarter, with improved performance in the Primary Sector, Industry and Construction, compared to the previous quarter. The Services sector maintained the good performance of the previous quarter, although slightly more moderately.
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 0.2%.
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