The Gross Domestic Product (GDP) of the Canary Islands registered a year-on-year growth of 3.4% in the first quarter of 2025, surpassing 0.6 percentage points the national average. This data confirms the good evolution of the regional economy and consolidates it as one of the communities with the best performance at the beginning of the year.
According to the data available to date, only Catalonia (3.2%), Andalusia (3.1%) and Navarra (2.6%) show similar growth, while the Basque Country remains at 2.0%.
In terms quarterly, the GDP of the Canary Islands increased by 0.5% compared to the previous quarter, one tenth below the growth recorded at the national level (0.6%). In comparison with other communities, the quarterly variation rates were: Andalusia (0.6%), Navarra (0.5%), the Basque Country (0.6%) and Catalonia (0.1%).
These data reflect the dynamism of the Canary Islands economy and its ability to maintain a solid growth rate, even in a context of certain moderation at the national level.
Fountain: ISTAC, Grafcan.
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