It grew by 0.1% compared to the previous quarter and employment by 0.3%, with more than 19,500 new jobs.
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The Basque economy slowed its growth in the third quarter of the year more than expected, as gross domestic product (GDP) ultimately grew by 3.8% year-on-year, one-tenth less than estimated in the Progress of the quarterly accounts of Eustat at October 17.
In addition, according to data released this Friday by Eustat, employment, measured in terms of full-time equivalents, increased by 0.3% quarter on quarter in the third quarter of the year, representing an annual growth rate of 2 0.0 %, that is a total of 19,513 net jobs more than in the third quarter of 2021.
Regarding the evolution of GDP by historical areas, Gipuzkoa showed an annual growth of 3.5% in the third quarter of 2022 and Álava and Bizkaia of 3.9%.
The estimated annual GDP growth of the Basque Country in the third quarter is higher than the estimated growth in the US economy (1.8%), in the Eurozone (2.1%) and in the European Union as a whole (2.4%). %).
The estimate of the annual growth of the Spanish economy, for its part, also stands at 3.8% in the Advance of the Quarterly National Accounts of Spain dated 28 October.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
