During the second quarter of 2024, 3 out of every 4 of the tourists who visited the Canary Islands do not exclude a destination from their list of options due to the existence of a tourist tax
August 2024 According to the Tourist Expenditure Survey, prepared by the Canary Islands Institute of Statistics (ISTAC), 76.5% of tourists who visited the Canary Islands during the second quarter of 2024 do not exclude a destination from their list of options simply because of the existence of a tourist tax. If a rate were implemented […]
INE publishes the Business Turnover Indices
Provisional data June 2024 The General Business Turnover Index (ICNE), corrected for seasonal and calendar effects, presented a variation of 2.3% in June compared to the same month of the previous year. For its part, the original series experienced an annual rate of -2.7%. The indices corrected for seasonal and calendar effects presented […]
Sales of the market services sector in the Canary Islands increased by 3.3% compared to June of the previous year
Services sector statistics In June 2024, the annual variation rate of the turnover of the Services Sector stands at 3.3% in the series corrected for seasonal and calendar effects, as is the case for the national group as a whole. In relation to the month of May, the monthly variation of the […]
GDP grows by 0.3% and employment by 0.2% in the euro area
In the EU, GDP increases by 0.3% and employment by 0.2% GDP growth in the euro area and the EU In the second quarter of 2024, seasonally adjusted GDP increased by 0.3% in both the euro area and the EU, compared to the previous quarter, according to a […]
Transvulcania: An Economic Boost for La Palma
The successful mountain race generates a return of 8.39 euros for every euro invested, consolidating Isla Bonita as a reference tourist and sports destination. The Cabildo of La Palma has revealed the economic impact of the latest edition of Transvulcania, one of the most emblematic mountain races in the world, which […]
The Economy of Las Palmas in graphics 2023
The Economy of Las Palmas in graphics 2023 Link to the document
30th Anniversary New REF
https://youtu.be/p7Eblo4Fk_8?feature=shared Economic Regime of the Canary Islands The president of the Economic and Social Council of the Canary Islands offers us a detailed analysis of the historical evolution, the current situation and the promising expectations of the new economic and fiscal framework of our region. Don't miss this in-depth look at the economic future of the Canary Islands! CONTACT US
The Spanish economy grows 0.7% in the first quarter, driven by domestic demand
Exports and imports grow at a moderate pace Spain's Gross Domestic Product (GDP) experienced a growth of 0.7% in the first quarter of 2024 compared to the previous quarter, according to seasonally adjusted data from the National Institute of Statistics (INE). This rate remains similar to that registered in the last quarter of 2023. The […]
Business confidence in the Canary Islands rises slightly in the second quarter of 2024
Slight rebound in business confidence in the Canary Islands: sign of recovery or mirage? Business confidence in the Canary Islands experienced a slight increase in the second quarter of 2024, according to the Canary Islands Institute of Statistics (ISTAC). The Harmonized Business Confidence Index (ICEA) reached 134.5 points, which represents an increase of 0.3% in […]
The annual variation of the CPI in the Canary Islands stands at 3.5% in March 2024
CPI in the Canary Islands: Rises to 3.5% in March, with increases in oils, potatoes and sheep meat The Canary Islands Institute of Statistics (ISTAC) has reported that the annual variation rate of the Consumer Price Index (CPI) in the Canary Islands stood at 3.5% in March 2024. This represents an increase of four […]
