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Advance of the Quarterly GDP. Q1/2020

The gross domestic product of Catalonia shows a year-over-year rate of −3.9% according to the advance estimate of the first quarter of 2020. By activity sectors, all showed negative rates, but with different degrees of intensity: industry decreased by 2.4%, services by 4.0%, construction by 8.2%, and finally, agriculture fell by 2.7%. In quarter-over-quarter terms the GDP of the Catalan economy decreased by 4.6%.

The crisis caused by the COVID-19 pandemic and the measures derived from the entry into force of Royal Decree 463/2020, of 14 March, whereby the state of alarm is declared for the management of the health crisis caused by COVID-19, and by the subsequent amendments of this Royal Decree, have had a major impact on the Catalan economy. In addition, this situation has increased the difficulties of accurately calculating the advance of the economy in the first quarter of 2020.