2Q 2020 Economic Situation Report
During the second quarter of 2020, the impact of Covid-19 has generated an unprecedented economic crisis, due to the typology and the high uncertainty it generates for all sectors of society. The health effects, the declaration of the state of alarm, the restrictions on mobility, the closure of borders and the paralysis […]
Economic situation report for Q1 2020
Covid-19 Special (Report No. 100) The health crisis caused by COVID-19 has filtered through the capacity of health systems. Faced with this risk, governments have opted for confinement and paralysis of part of the economy. At the beginning of the health crisis in Spain, and even in […]
Economic situation report Q4 2019
A year of uncertainty ends and a transition exercise begins. The expected GDP growth rates have behaved according to forecasts, reinforcing the idea that contexts of uncertainty negatively affect the decision-making process. The maxim of “without trust, there is no investment” has been fulfilled. KEYS It is true […]
Economic situation report Q3 2019
For this quarter, the slowdown of the economy is confirmed and, therefore, we are witnessing a progressive deterioration in economic growth and job creation. Now, the intensity of the fall is being less impactful than initially expected due to domestic private consumption, which is falling, but more […]
Economic situation report Q2 2019
The evolution of the GDP variation rate in 2019 both in the Canary Islands and in the rest of the national territory makes evident a slowdown in economic growth compared to the previous year. However, the evolution throughout the first two quarters of 2019 has had a more positive behavior than projections […]
Economic situation report Q3 2018
The Canary Islands economy will grow by 2.2% in 2018, seven tenths less than in 2017, and 1.2% in 2019, one percentage point less than in 2018. Tourism was the main driver of growth in 2017 with an increase of 6.6% in the number of tourists, which, together with internal demand stimulated by the […]
Economic situation report Q2 2018
The Canary Islands economy will grow by 2.4% in 2018, five tenths less than in 2017. Tourism was the main driver of growth in 2017 with a 6.6% increase in the number of tourists, which, together with internal demand stimulated by the disposable income of households, led to employment growth in […]
Economic situation report Q1 2018
The Canary Islands economy grew by 2.9% in 2017, one tenth less than in 2016. Tourism was the main driver of growth in 2017 with a 6.6% increase in the number of tourists, which, together with internal demand stimulated by the disposable income of households, led to employment growth […]
Economic situation report Q4 2017
The Canary Islands economy has grown by 3.3% in 2017, three tenths more than in 2016. Tourism is the main driver of growth with a 6.6% increase in the number of tourists, which is combined with internal demand stimulated by the disposable income of households, due to the growth of employment in […]
Economic situation report Q3 2017
The Canary Islands economy will grow by 3.3% in 2017, two tenths less than in 2016. Tourism will reduce its growth rate by a third, which will reduce its contribution to regional GDP growth by that same proportion. The unemployment rate will be reduced to 20.55% of the active population by the end of the year, […]
