Quarterly Accounts. Q2/2024. Advance of the GDP

The gross domestic product of Catalonia increased by 2.9% year-over-year in the second quarter of 2024, according to the advance estimate. In quarter-over-quarter terms, the rate of change was 0.8%.

The year-over-year variation recorded in the second quarter was 2.9%, five tenths above the previous quarter.

The GDP growth in the second quarter was determined by the positive evolution of the industrial sector (4.9%), five tenths more than the first quarter. Construction has a rate of change of 3.8%, two points and six tenths higher than in the previous quarter. Services registered a growth of 2.3%, one tenth less than the previous quarter. Finally, agriculture continues its recovery and experiences an increase of 10.7%, eight points and three tenths more than the first quarter of the year.

The purpose of the of the quarterly advance of GDP is to provide information on the evolution of the Catalan economy with the least possible delay after the quarter in question. For this reason, main aggregates are calculated using statistical sources that do not cover the entire period and do not normally include data for the third month of the quarter.

The advance of the GDP results for the second quarter of 2024 is provisional and will be updated in the next publication of the Quarterly Accounts, scheduled for 13 September.