Catalonia grew last year almost one point more than the whole of the Spanish economy. The Catalan gross domestic product (START) Registration a rise of 5.9%, compared to 5% of the Spanish economy, according to the Statistical Institute of Catalonia (Idescat) and far from the 6.5% estimated by the central government for the country as a whole.
The Govern attribute this evolution to improvement of the epidemiological situation and increased vaccination from the spring of last year. All this has boosted the labor market and the foreign sector. Growth in the fourth quarter accelerated to a year-on-year rate of 6.9%.
The ‘Minister’ of Economy, Jincreased rotated, assures that this evolution demonstrates that “the Catalan economy has solid foundations for growth and that it is on the road to recovery”. The data, he adds, is due to the “effort and trust of workers, businessmen, merchants, freelancers and entrepreneurs.”
The industrial sector moderated its growth during the second half of the year, largely due to supply shortage problems in value chains and higher energy prices. All in all, in the fourth quarter it increased by 2.5% year-on-year (after 3.3% in the third quarter), which is essentially based on the dynamism of exports.
For its part, construction has improved “significantly” at the end of 2021, with a year-on-year rise of 7.8% (-1.7% year-on-year in the previous period). Services are the branch that contributes the most to growth, with an increase of 8.8% year-on-year