The Catalan economy exceeds the average for Spain and the EU in growth in the second quarter.

The economy of Catalonia has recorded a significant growth during the second quarter of the year, exceeding both the Spanish and European Union average, according to the latest published data. This acceleration of growth consolidates Catalonia’s role as one of the most powerful economic engines in Spain and shows a solid recovery after the impact of the pandemic and other recent global crises.

Growth above average

During this period, Catalan GDP has grown by 3.2% in year-on-year terms, while the average in Spain stood at 2.7%, and that of the EU at around 1.8%. These figures show that the Catalan economy has been able to better withstand international economic uncertainties, driven by key sectors such as industry, services, and tourism.

Economy Minister Natàlia Mas Guix highlighted that this growth is the result of policies focused on innovation, attracting investment and adapting local companies. “Catalonia has shown great resilience and a firm commitment to modernization and digitalization,” said Mas.

Promoting factors

Several factors explain this good progress of the Catalan economy. On the one hand, the export of goods and services has continued to grow at a solid rate, especially thanks to the promotion of sectors such as the automotive industry and the chemical industry. On the other hand, tourism has had a strong recovery, especially in coastal areas and the city of Barcelona, one of the main attractions for international visitors.

In addition, foreign investment has been key, with multiple projects by technology companies that have chosen Catalonia as the basis for their operations in Europe. These investments have helped to create jobs and strengthen emerging sectors such as digital technologies and renewable energies.

Conclusions

The Catalan economy has once again demonstrated its ability to overcome the average growth of Spain and the European Union, driven by dynamic sectors and a clear commitment to modernisation. Despite the challenges, Catalonia remains one of the economic engines of southern Europe, with a solid recovery that places it in a good place to face the challenges of the future.