Compared to the previous quarter, the economy in Álava, Bizkaia and Gipuzkoa as a whole grew by 0.4%.
The economy of the Basque Autonomous Community (CAV) grew by 2.1% in 2024 compared to 2023, according to estimates published on Thursday by the Basque Statistical Institute Eustat.
The Basque government calculated that GDP would grow by 1.9% in 2024, so in the end the growth was two tenths higher than initially expected.
Compared to the previous quarter, BAC’s gross domestic product (GDP) recorded a growth of 0.4% in the fourth quarter. Compared to the same quarter last year, the increase was 1.9%.
According to Eustat, value added grew at a lower intensity in 2024 than the previous year in all economic sectors, with the exception of trade, the hospitality and transport sectors and public administration, education, healthcare and social services, where growth continued during intensified this year. last year.
He employmentmeasured as full-time jobs, increased by 1.8% in 2024, implying the creation of more than 17,000 jobs. An increase of 0.4% was also recorded in the last quarter of 2024 and compared to the same quarter of the previous year, growth was 1.6%.
In March, Eustat will confirm or modify this progress in last year’s economic growth and provide data broken down by sector.
For 2025, the Basque government maintains an annual GDP growth forecast of 2% and 1.7% for 2026.
Source: EITB
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