The Gross Domestic Product (GDP) of the Canary Islands grew by 3.4% year-on-year in the first quarter of 2025, outperforming the national economy by 0.6 percentage points. This strong growth positions the Canary Islands as one of the best-performing regions in Spain at the beginning of the year.
According to the data available so far, other regional GDP growth figures include: Catalonia (3.2%), Andalusia (3.1%), Navarre (2.6%), and the Basque Country (2.0%).
On a quarterly basis, the Canary Islands’ economy grew by 0.5% compared to the previous quarter, slightly below the national average of 0.6%. The regional quarterly variations were: Andalusia (0.6%), Navarre (0.5%), Basque Country (0.6%), and Catalonia (0.1%).
These results highlight the continued strength and resilience of the Canary Islands’ economy, reinforcing its role as a key driver of regional growth in Spain.
Source: ISTAC