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The Catalan economy closed the fourth quarter of 2015 with a year-on-year growth of 4.1% thanks to internal demand and exports. Average figures for the year’s four quarters places growth at 3.4% in 2015, the highest figure for the last nine years. 

Catalonia is growing faster than Spain (3.2%) and above the European average (1.6%). In line with this winter’s economic forecasts published by the European Commission, countries such as Germany (1.7%), Italy (0.8%) and Finland (0%) are growing at rates below the Catalan economy. In fact, the only countries showing higher growth rates are Ireland (6.9%), Malta (4.9%), Luxembourg (4.7%) and Slovakia (3,5%). 

In sectorial terms, average growth in the industrial sector is at 2.7%, in other words, 1.2 percentage points more than in 2014, and now shows three consecutive years of positive growth; the construction sector is going back to positive growth with 3.5%, after 7 years of strong adjustments; and the service sector shows the most significant growth, with 3.8%, which largely explains the results obtained for the economy as a whole. The trend in service growth benefited in 2015 from the strength of internal demand and from the buoyancy of the tourist sector on all levels; internationally, internally and in the rest of Spain. 

Source: Idescat and the Ministry of the Vice-presidency and of the Economy and Finance.

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