The data suppose the creation of some 30,000 jobs, more than the 26,000 foreseen by the Basque Government. By 2023, it is estimated that the unemployment rate will drop to 8.3%.
Euskaraz irakurri: Euskal ekonomia % 4.3 hazi zen 2022an, eta enplegua % 3.1
The Basque Country’s economy grew last year on 4.3%as provided by the Basque Government, and the employment 3.1%which supposes the creation of some 30,000 jobsmore than the 26,000 he had calculated.
The Basque Statistics Institute-Eustat has made public this Monday the progress of the accounts for the fourth quarter of last year which concludes that all sectors of the economy of the autonomous community grew, although at a slower rate than in 2021 when the Gross Domestic Product (GDP) rose by 5, 9%.
In quarter-on-quarter terms, between October and December 2022, GDP grew 0.4% compared to the three preceding months and 2.8% compared to the same period in 2021.
The number of full-time equivalent jobs estimated for the last quarter of 2022 is 1.9% higher than in the last quarter of the previous year and in quarter-on-quarter terms the estimated increase stands at 0.1%.
These data, which will be completed by Eustat on March 3, confirm a slowdown in the growth of the Basque economy throughout 2022.
The estimates for this year are for GDP growth at the end of the year of 2.1%two points less than what the Government had anticipated before the consequences of the economic slowdown in China, mainly due to the new outbreaks of covid and the invasion of Ukraine by Russia.
By 2023, it is estimated that the unemployment rate will drop to 8.3%which would mean the creation of some 12,000 jobs.
Source: Eitb
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