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The GDP of the Basque Country posted 0.6% positive year-on-year growth

2010 November 11

 

The Basque Country Gross Domestic Product (GDP) posted positive year-on-year growth (0.6%) with respect to the same quarter of the previous year, once corrected for calendar and seasonal effects, according to the advance data prepared by EUSTAT. It is the second consecutive quarter with positive year-on-year growth, after six consecutive negative quarters. Year-on-year growth of the Spanish economy stood at 0.2%, according to the data advanced by the Spanish Statistics Office (INE).

 

With respect to the previous quarter, there was no fluctuation in the GDP growth rate of the Basque Country in the third quarter of 2010, which registered a rate of 0.0%. This meant a slowing down of the quarter-on-quarter growth after the upward trend registered in the previous three quarters. This rate is identical to the estimate for the Spanish economy.

 

GDP growth rates (%). The Basque Country

 

The bases of the year-on-year growth in this quarter lie in the better performance by the primary and industrial sectors. The service sector posted positive growth, but more moderately than in the previous quarter. However, the activity of the Construction sectors continued in its negative trend of the previous quarters.


For further information:

Basque Statistics Office
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Tel.: +34-945-01 75 00 Fax: +34-945-01 75 01 E-mail: eustat@eustat.es
Contact: Javier Aramburu
Tel:+34-945-01 75 06 Fax:+34-945-01 75 01
Further press releases on the Advance Quarterly Economic Account of the Basque Country (ACET)
Advance Quarterly Economic Account of the Basque Country (ACET) databank

3 comments
  • 2010 November 12

    Muchas gracias por la respuesta. Accederé a la web del departamento para leerla con más atención. Un saludo.

  • Economía/Ogasuna
    2010 November 12

    Las previsiones de la Dirección de Economía contemplan una subida del 0'2% para el cierre del año. Creemos que, con los ultimos datos publicados, esa previsión se cumplirá. Si miramos a anteriores previsiones, en el año 2009 los indicadores indicaban un descenso del -0'8% para el interanual del 2010, por lo que este indicador ofrecido por el Eustat mejora sustancialmente la evolución prevista de la economía vasca para este año. Todos estos datos pueden ser consultados en la página web del departamento de Economía o en la del propio Instituto Vasco de Estadística.

  • 2010 November 11

    Algo no está yendo bien. La economía se está estancando, al contrario de lo que se nos dijo.

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