GDP rises 0.5% in Q2 2023 and employment 0.7%

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According to the report prepared by Eustat, GDP growth with respect to the second quarter of 2022 reached 1.6% and employment reached 1.5%.

He Gross national product (GDP) of the cav increased by 0.5% quarter-on-quarter in the second quarter of 2023 and marks the twelfth consecutive quarter of positive quarter-on-quarter data, according to estimates from the Quarterly Account Advances of Eustat. Compared to the second quarter of 2022, GDP increased by 1.6%.

Also the study It points to a slight year-on-year slowdown in activity in the main sectors of the Basque economy, although the trend remains positive.

For its part, employment increased by 0.7% in the second quarter of 2023 compared to the previous quarter. Compared to the same quarter of last year, a growth of 1.5% is estimated. This is the fourth consecutive quarter in which employment exceeds one million full-time equivalents.

Source: EITB

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