Foreign investment in Catalonia down 56.6% in third quarter
Exports up 5.2% compared to 2018
gdp
Barcelona Chamber of Commerce: Catalonia needs €45bn to counter infrastructure deficit until 2030
Study claims Spain failed to invest €8bn of budgeted total, which would have created 111,500 jobs
Catalan economy grew 2% in second quarter of 2019
GDP continues its modest rise compared to last year, with construction and tourism leading the way
€32,000: Catalonia’s per capita GDP reaches 2008 levels
Government to launch a minimum wage, although it has no powers to make it binding
Catalonia's economy grew 2.6% in 2018
Pace slightly below previous years, but continues an upwards trend for fifth year
Catalan economy grows by 0.6% in third term
Country’s GDP up by 2% so far this year, with a slight slowdown between July and September
Catalan economy to grow 3%, says Barcelona chamber of commerce
Estimation would mean continuing trend of GDP increase, higher than Spanish and EU average
Catalan GDP grows by 3% from last year
Economy remains strong despite slight decline from previous higher figures
Growth in Catalan GDP set to rise to 2.9% in 2018
Government adjusts forecast upward with economy expected to outgrow average in Spain and Eurozone
Situation in Catalonia having ‘less negative’ impact than expected on GDP
Bank of Spain increases 2018 growth forecast to 2.7%
Catalan economy to grow even faster than expected
The Catalan Minister of Economy and Finance, Oriol Junqueras, defended the good health of the Catalan economy on Friday and insisted on the Catalan executive’s commitment to continue within the European Union in case of independence. At the 33th Annual Meeting of the Economy Circle in Sitges, Junqueras confirmed that his executive expects to surpass 2.7% of annual economic growth and highlighted the fact that Catalonia account for 85% of the deficit reduction of all administrations in Spain. The Catalan minister also used the opportunity to communicate a message of calm to the economic sector, guaranteeing that “Catalonia will not leave the EU in case of independence” since there is “absolutely no legal mechanism that foresees this case”. Along this line, Junqueras stressed the “firm pro-European commitment” of the Catalan government and its determination of “strengthening” a common project and creating “excellent relationships” with neighbors, “especially Spain”. In this case, however, like “two states with the same powers”.
Economic growth forecast for 2016 adjusted upward to 3.4%
The Catalan Ministry for Economy and Tax Office presented this Wednesday the data of the macroeconomic chart to be included in the budget for 2017, which the Catalan executive expects to pass next week. According to this document, the Catalan economy’s expected growth will be 3.4%, 0.5% more than the growth forecast for the Spanish economy, which is expected to be 2.9%. Regarding 2017, the chart keeps the figure released last May which foresaw 2.7% growth. According to the Catalan Vice-president and Minister for Economy and Tax Office, Oriol Junqueras, this figure is “considerably higher” than the expected growth for the Eurozone (1.5%). The budget for 2017 also foresees the creation of 160,000 jobs between 2016 and 2017.
Catalan economy posts 3.3% growth in third quarter of 2016
In annual terms, the Catalan economy grew by 3.3% in the third quarter of 2016 according to official data released this week by the Catalan Ministry for Economy and Tax Office and the Statistical Institute of Catalonia (Idescat). This increase is mainly thanks to the boost provided by the services sector, which saw annual growth of 3%, and the acceleration of the industrial sector, whose growth stood at 4.9%, the highest for the last six years. The quarterly growth rate, however, stood at 0.7%, one tenth lower rise than the previous quarter, but four percentage points above the Eurozone average. According to the data, there is a slight slowdown in the expansion of the Catalan economy, as annual growth in the first and second quarter of this year were 3.7% and 3.5%, respectively.
An independent Catalonia would be 11th in the EU in terms of exports
Catalonia would be the eleventh country in the EU in terms of exports if it were to become independent, and would be ahead of Austria, Denmark and Finland. Catalan companies’ exports to the rest of Spain and to the whole of the EU represent 47.7% of Catalonia's GDP, which is 14 percentage points higher than the EU average (33.2%). 2015 marked a new record for Catalan exports, reaching 102,487 million euros and Catalan companies which export regularly already represent 34.4% of the Spanish figure overall. Regarding exports per capita, an independent Catalonia will rank ninth, with 13,650 euros, ahead of France, United Kingdom and Portugal. These figures were released by the public business competitiveness and internationalisation agency, ACCIÓ.
Economy of Catalonia grew 3.5% in annual terms in June, above 3.1% Spanish average
Catalonia's GDP increased by 3.5% between June 2014 and June 2015 and was the Autonomous Community with the third-highest level of economic growth, leading Spain's economic recovery. Spain as a whole grew at a 3.1% annual rate in the same period, according to figures released on Thursday by the Spanish Independent Fiscal Authority (Airef). Ahead of Catalonia in terms of GDP growth are the Balearic Islands – with 4% growth – and the Valencian Country (also called Valencian Community) – with growth of 3.9%. They are followed by Catalonia (3.5%), the Canary Islands (3.4%) and the Madrid region (3.2%). According to these figures, the eastern part of Spain has been the most dynamic during the last few months, and Catalonia, which is the wealthiest Autonomous Community and has one of the highest growth rates, is the region contributing the most in absolute terms.