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The Catalan economy grows by 5.5% in 2022

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The Catalan economy grows by 5.5% in 2022

  1. The growth of the Catalan economy is equal to the advance estimate for the Spanish economy (5.5%) and two points higher than the average for the EU-27 (3.5%)

In 2022, Catalonia’s gross domestic product (GDP) reached €270.71 billion, a figure that represents a 5.5% growth in volume, according to the Statistical Institute of Catalonia. The growth of the Catalan economy is equal to the advance estimate for the Spanish economy (5.5%) and is two points higher than the EU-27 average (3.5%).

Domestic demand grew by 3.2% in 2022, 1.1 percentage points less than in the previous year (4.3%), mainly due to an increase in household consumption (4.1%) and gross capital formation (3.8%), while government consumption decreased by 0.1%.

In foreign trade, the results also show a positive trend, with an increase of 14.0% in total exports and 7.5% in total imports. In both variables, tourism components have been decisive in achieving these growth rates.

On the supply side, growth in services (7.9%) and the positive evolution of the construction sector (4.5%) can be highlighted. In contrast, industry shows a rate of change of 2.0% and the agricultural sector shows a fall of 13.9%.

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