Seville, May 3 (EFE) the level prior to the covid-19 pandemic.
In this way, the Andalusian GDP for the first quarter of 2023 is six tenths above the level it had in the fourth quarter of 2019, a level that the GDP of Spain has not yet reached, which would be two tenths below.
According to the data published this Wednesday by the Andalusian Institute of Statistics (IECA), the year-on-year rate of growth of the Andalusian economy has accelerated by more than one point, going from 2.4% in the fourth quarter of last year to 3 .6% of this first quarter.
However, compared to the Spanish average (3.8%), year-on-year growth in Andalusia (3.6%) is two tenths more moderate. Dragged by the negative effects of the drought in the primary sector and the food industry, as reported by the Ministry of Economy in a statement.
Growth despite drought
However, this year-on-year growth rate of the Andalusian economy almost triples that registered on average in the Eurozone and the EU (1.3%), and contrasts with the moderate progress in relevant economies such as France (0.8%) and Germany, which has experienced a slight drop (0.1%).
The Minister of Economy, Finance and European Funds, Carolina España, has highlighted that this growth in the Andalusian economy in the last quarter occurs “despite the drought that we continue to suffer”.
In fact, in the non-agricultural sectors, the evolution of the Andalusian economy has been better than that experienced in the whole of Spain, especially in the Services and Industry sectors, explained the counselor.
“The data continues to indicate that we are on the right track”, indicated the counselor, who also referred to other recent indicators, such as cement consumption (which grew by 51.3% in Andalusia in March, while in Spain it only grew by 51.3%). 23.5%), air freight transport (which increased by 47.2% in the same month, March, which in Spain grew by 4.6%), or new companies registered in the commercial registers (a 13% more in February, compared to 9.4% in Spain).
He also recalled that the number of mortgages subscribed in Andalusia registered growth of 0.9% year-on-year in February, in a context of decline in Spain as a whole (-2%), and the number of homes approved by the Colleges of Technical Architects has increased in the same month by 81% year-on-year in Andalusia, well above the 6.2% registered at the national level. EFE