Valladolid, (EFE).- The economy grew 3.4 percent in 2022 compared to the previous year in Castilla y León, which added to 5 percent in 2021 has allowed the Community to recover 111 percent of what was He left in 2020 with the covid.
This growth occurred with a slowdown scenario that will continue in 2023, with growth still but at a slower pace.
The data was provided this Friday at a press conference by the Minister of Economy and Finance, Carlos Fernández Carriedo.
The counselor has assessed that the Community has already recovered everything lost during the pandemic, while at the national level it has reached 88 percent.
GDP grew 0.85 more than in 2019
During 2022, the GDP of Castilla y León grew even 0.8 percent more than it did in 2019 in real terms, Carriedo specified.
Compared to the fourth quarter of 2022, the regional GDP rose 2.5% in year-on-year data, below the 3.1% of the previous one; and the interquarterly variation stood at 1.4% in this period (0.7% in the previous one).
In the year as a whole, GDP grew more in the second quarter and less in the year-end.
Three years to return to the level of 2019
Although the Community has recovered the GDP level of 2019, the counselor has noted that it has taken three years to do so, with growth that has been slowing down both in the last quarter and in 2022 compared to 2021.
The growth of 2022, that 3.4, was, however, one tenth more than projected in the budgets, which for 2023 include a GDP increase of 1.6 percent.
The sectors that pushed the most: services and construction
Carriedo explained that the economy grew in 2022 due to the positive behavior of the Services and Construction sectors, which grew 6.6 and 2.9 percent in each case.
Specifically, the commerce, transport and hospitality subsector grew 15.2 percent.
The sectors that fell the most during the covid pandemic in 2020 have been the ones that have grown the most, the counselor pointed out.
Decrecieron Agriculture and industry
On the negative side was the Agriculture sector, with a fall of 12.7 percent (-10% in 2021), due to the poor harvest and the loss of profitability of the farms due to the increase in costs of the inputs.
And also that of the industry, which decreased by 2.3 percent, compared to the increase of 5 percent the previous year.
Among the industrial branches, manufacturing decreased by 0.4% in contrast to the increase of 4.7% in 2021, while the supply of electricity registered a significant decrease in 2022, after the increase of the previous year.
Demand grew less, due to internal
From the demand side, the increase in GDP was lower due to a lower domestic contribution, which added 2.9 percentage points, compared to 4.9 in 2021;,
On the contrary, the contribution of external demand improved, due to higher exports than imports, with a contribution of half a point to the GDP of the Community in 2022, compared to the tenth of the previous year.
Total exports and imports grew 3.8% and 2.6%, respectively, compared to 6.3% and 5.5% in 2021.
Final consumption spending grew by 3.1% in 2022 (4.1% the previous year), as a result of the lower increase in household final consumption spending (2.8% compared to 4.1% in 2021). .
For its part, the expenditure of the Public Administrations recorded higher growth than in 2021 (3.7% and 3.2%, respectively).
The investment, five times less than that of 2021
Regarding gross capital formation (investment), it registered a variation of 1.5% (7.8% in the previous year) due to the decrease in investment in capital goods and the lower increase in construction.
Specifically, investment in capital goods decreased by 1.3% (it increased by 5.6% in the previous year); and under construction went from 4.5 in 2021 to 3.4 in 2022.
Employment grew but slows down
Finally, in 2022 there was a growth of 3.3% in full-time equivalent jobs, when in 2021 the rise was 4.6%.
Employment grew in the primary sector, construction and services and fell in industry.EFE