The gross domestic product of Catalonia registered an increase of 3.5% in 2016, reaching a total of 223,629 million euros, according to the Annual Economic Accounts in Catalonia.
From the standpoint of supply, the industrial sector led economic growth in 2016 (with 4.0%, compared to the same period the previous year), followed by construction (3.2%) and services (3.1%). As for agriculture, it registered a recovery in the activity and reached a positive year-over-year variation of 10.1%. From the standpoint of demand, it should be noted that internal demand continued to show considerable dynamism (3.2%), despite a slowing down in the growth rate compared to in 2015. On the other hand, the positive balance with foreign markets (0.6%) contrasts with that of the previous year, in which zero growth was registered.
The annual economic accounts for Catalonia are a set of statistics produced by Idescat, whose main objective is to articulate a coherent set of macroeconomic magnitudes (GDP, compensation of employees, jobs, etc.) to make it possible to analyse in detail the Catalan economy.
Idescat presents the annual and quarterly estimates of the principal economic aggregates corresponding to 2000–2016 period with Base 2010, which are done in accordance with the new methodology standards mandated by the European Union: the European System of Accounts 2010 (ESA-2010). The information is broken down by activity branches for the 2000-2014 period, and the 2015 and 2016 estimates are advances taken from short-term indicators.