Catalan economy hits 19% of Spanish GDP for first time this century

Catalonia’s economy now makes up more than 19% of the Spanish economy, says a Catalan chambers of commerce report. The 19% figure is the highest percentage this century, finds the study published  on Thursday, with an increase from 18.7% to 19.03% since 2011. “The 2016 economic balance was very positive and in 2017 a similar performance by the Catalan economy is expected, with a growth of about 3%,” stated the report.

Furthermore, the chambers of commerce point out that the country is coming out of the crisis “very quickly” and that 2016 GDP exceeded that of 2007 for the first time in this period. The statement also shows that the Catalan economy has been growing faster than the Spanish one since 2013, with a 1.9% average increase in GDP, four decimal points higher.