Quarterly Accounts. Q1/2022. Advance of the GDP
Catalonia's gross domestic product showed year-over-year growth of 6.4% in the first quarter of 2022 according to the advanced estimate. In quarter-over-quarter terms, the variation was 0.1%.
By sectors, services showed year-over-year growth of 8.9%. The branches that contributed most to achieving this growth were those related to tourism (air transport, hotels, restaurants, and travel agencies), as a result of the normalisation of tourist mobility. There was also considerable dynamism in wholesale trade, warehousing, legal activities and advertising. Industry recorded an increase of 0.4%. The branches that performed best were electricity and gas, chemicals and food. By contrast, motor vehicle manufacturing maintained significant decreases in production. Construction showed a variation of 1.7%, while agriculture recorded a decrease of 4.0%.
The purpose of the advance of the quarterly GDP is to provide information on the evolution of the Catalan economy with the least possible delay after the quarter in question. For this reason, macromagnitudes are calculated using statistical sources that do not cover the entire period and do not normally include data for the third month of the quarter.
The advance of the GDP results for the first quarter of 2022 is provisional and will be updated in the next publication of the Quarterly Accounts, scheduled for 10 June.