Press Release 24/04/2023

ADVANCE QUARTERLY ACCOUNTS (ACET). I/2023

The GDP of the Basque Country rose by 0.4% and employment increased by 0.3% in the first quarter of 2023

In relation to the first quarter of 2022, GDP growth stood at 2.2% and that of employment at 1.5%

In the first quarter of 2023 the Gross Domestic Product (GDP) of the Basque Country increased by 0.4% in relation to the preceding quarter, and it was the eleventh consecutive quarter with positive quarter-on-quarter rates, according to estimates for the Advance Quarterly Accounts made by Eustat. Compared to the first quarter of 2022, GDP in the Basque Country rose by 2.2%.

The relevant economic information available at the time this Advance was prepared points to a slight year-on-year deceleration in activity in the main sectors of the economy of the Basque Country, although the evolution remains positive.

Employment, measured as full-time equivalent jobs, rose by 0.3% in the first quarter of 2023 compared to the previous quarter. In relation to the same quarter of the previous year, growth was estimated at 1.5%.

On 2 June, Eustat will publish the disaggregated estimates of GDP and Employment in its Quarterly Accounts for the first quarter of 2023, after incorporating the relevant economic information that was not available when these Advance Quarterly Accounts were prepared.

For further information:

Eustat - Euskal Estatistika Erakundea / Basque Statistics Institute C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz Press service: servicioprensa@eustat.es Tel.: 945 01 75 62