In the latest economic report, Spain’s Gross Value Added (GVA) reflects a positive trend, reaching a total of €1.23 trillion with a notable annual growth of 10.8%. Let’s delve into the key sectors:
- Agriculture, Livestock, Forestry, and Fishing: Despite a slight decline of 5.7%, this sector contributes significantly, with a GVA of €31.48 billion.
- Extractive Industries; Manufacturing; Energy Supply; Water Management: Experiencing a remarkable surge of 15.2%, this sector adds €213.71 billion to the overall GVA.
- Construction: Displaying stability, the construction sector records a 5.2% growth, contributing €66.27 billion.
- Trade; Repair of Motor Vehicles; Transportation; Accommodation: This multifaceted sector shows exceptional growth at 21.6%, with a GVA of €295.06 billion.
- Information and Communications: With an 8.1% increase, this sector contributes significantly, with a GVA of €46.82 billion.
- Financial and Insurance Activities: Showing a substantial growth of 13.0%, this sector adds €52.66 billion to the overall GVA.
- Real Estate Activities: Despite a modest growth of 4.4%, the real estate sector plays a vital role, contributing €139.84 billion.
- Professional, Scientific, and Technical Activities; Administrative Services: With an 8.5% increase, this sector adds €109.49 billion to the total GVA.
- Public Administration; Defense; Mandatory Social Security; Education; Health and Social Services: Displaying stability, this sector records a 3.1% growth, contributing €217.86 billion.
- Arts, Recreation, Entertainment; Repair of Domestic Articles; Other Services: This diverse sector shows a notable growth of 15.7%, with a GVA of €52.46 billion.
Spain’s economic landscape demonstrates resilience and growth across various domains, painting a positive picture for the nation’s economic future.