Annual Economic Accounts for Catalonia. 2024. Advance of the GDP

Catalonia’s gross domestic product registered an annual increase of 3.6% in 2024 according to the advanced estimate. This figure represents a rise of one point with respect to 2023 (2.6%).

All sectors of activity present positive year-over-year variations and have improved their activity with respect to the previous year except construction, which has maintained the same growth as in 2023. Services were up by 4.1%, one point more than the previous year (3.1%); industry by 4.0%, five tenths of a percentage point higher than in 2023 (3.5%), and construction by 1.8%, the same as the previous year. Agriculture posted annual 4.1% growth after a negative rate in the previous year.

The annual advance of the GDP incorporates a first estimate of GDP, calculated by aggregating the four quarters of the quarterly advance of GDP. This provisional estimate will be updated on 20 March, when the Annual Economic Accounts for Catalonia are published.

In accordance with Eurostat recommendations, statistics offices must periodically update (at least every five years) the sources and estimation methods used to compile the economic accounts. All the results of the statistics making up the economic accounts of Catalonia will include this revision in accordance with the updating policy of each operation from March 2025 onwards, coinciding with the release of the Annual Economic Accounts for Catalonia 2024 and the accounts for the fourth quarter of 2024. The Benchmark Revision 2024 will be applied to the entire accounting series 2000-2024.

In the case of the Spanish economic accounts, the results of the annual and quarterly accounts were published in September 2024 in accordance with the Benchmark Revision 2024.