16 December 2025

Spanish Regional Accounts

Regional Gross Domestic Product. 2022-2024 Series

Main results

Región de Murcia and Canarias were the autonomous communities with the highest GDP growth in 2024 in volume, both with a rate of 4.4% (the figure for Región de Murcia has been revised downwards by one tenth of a percentage point with respect to the September preliminary data). Behind them is Illes Balears (4.2%).
The regions with the lowest GDP variation rates in terms of volume were the Autonomous Cities of Ceuta (1.1%) and Melilla (1.3%) and Cantabria (2.5%). The data for Ceuta and Melilla have been revised upwards by one tenth of a percentage point. And that of Cantabria is up two tenths of a percentage point.

More information

The Spanish Regional Accounts (SRA) presents today the regional estimates after incorporating new information available from the data sources, especially those related to Agriculture and Public Administrations.

This publication updates the GDP results released in September and extends them with estimates of other economic aggregates, such as employment, compensation of employees and regional investment.

Regional Gross Domestic Product (GDP): 2024

The advance estimate for 2024 of Spain's Annual National Accounts, published on 19 September, put the volume growth rate of GDP at 3.5%.

The Autonomous Communities that recorded the greatest increase in their GDP in volume in 2024 were Región de Murcia (4.4%, revised down one tenth of a percentage point with respect to the preliminary data), Canarias (4.4%) and Illes Balears (4.2%).

By contrast, the regions that recorded the lowest real GDP growth were the autonomous cities of Ceuta (1.1%) and Melilla (1.3%) - whose data have been revised upwards by one tenth of a percentage point - and Cantabria (2.5%, revised upwards by two tenths of a percentage point).

All the national territories showed GDP growth equal to or higher than that of the European Union (EU-27), which was 1.1 %.

Annual GDP growth rate in terms of volume. 2024

Percentage

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Regional hourly productivity: year 2024

The 2024 preliminary of the Spanish Annual National Accounts estimated productivity growth per hour worked at 1.20% for the economy as a whole.

The regions with the highest productivity growth in 2024 were Castilla-La Mancha (3.46%), Illes Balears (3.44%) and Región de Murcia (2.84%).

On the other hand, two regions experienced negative productivity growth: Comunidad Foral de Navarra (-0.72%) and the Basque Country (-0.01%). Comunidad de Madrid recorded the smallest increase (0.04%).

Annual growth rate of productivity² per hour worked. 2024

Percentage

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² Productivity growth has been measured on the basis of the ratio between the rate of change of GVA in volume and the rate of change of hours worked for each Autonomous Community.

Regional average employee earnings: year 2024

According to the Spanish Annual National Accounts, the growth in average earnings in 2024 stood at 4.6%, reaching 40,514 euros per employee.

Comunidad de Madrid registered the highest average remuneration in 2024, with 46,850 euros. It was followed by the Basque Country (45,321 euros) and Catalonia (43,411 euros).

The regions with the lowest average earnings were Extremadura (33,695 euros), Región de Murcia (34,573 euros) and Andalusia (35,505 euros).

Average earnings per employee. 2024

Unit: Euros

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Regional investment: year 2023

Spain's Annual National Accounts put the average growth of gross fixed capital formation at 5.1% for the 2019-2023 period for the Spanish economy as a whole.

The autonomous communities that recorded the highest average increase in investment in this period were the autonomous cities of Ceuta and Melilla (9.7%), Cantabria (8.8%) and Catalonia (7.1%).

In contrast, the regions that recorded the lowest increase in investment in the period under review were La Rioja (-1.7%), Canarias (0.6%) and Aragón (0.6%).

Average annual growth³ of regional investment. 2019-2023 Period

Percentage

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³Average growth in gross fixed capital formation is the average of the growth rates over the period 2019-2023, calculated as a geometric mean.

Upcoming publications

The next publication of the Regional Accounts will take place on 30 September 2026.

Data revisions and updates

The data published today for 2023 and 2024 are provisional and will be revised next September. All the results of this operation are available at INEbase.

The next extraordinary regulated revision of the national accounts is planned for 2030. In addition to the recommendations of the European statistical system, the new methodological basis of accounting (ESA-2030) will be implemented.

In accordance with the Commission's Delegated Regulation (EU) 2023/137, the INE has begun to work on incorporating the new National Classification of Economic Activities CNAE-2025 in all its statistical operations. In the case of the Regional Accounts, the first publication of results with CNAE-2025 will take place in September 2030.

Tables annex

Regional GDP. 2022-2024 series

Variations in volume. Year-on-year variation rate (%)

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Regional GDP. 2022-2024 series

Current prices. Millions of euros

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 "184,364",
 "199,406",
 "212,359",
 "43,669",
 "46,778",
 "49,635",
 "26,690",
 "28,350",
 "30,012",
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Regional GDP. 2022-2024 series

Current prices. Year-on-year variation rate (%)

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Methodological note

The Spanish Regional Accounts is a synthesis operation whose objective is to offer a quantified, systematic and as complete as possible description of regional economic activity in Spain (autonomous communities, cities and provinces). It adopts the methodology of the European System of National and Regional Accounts ESA-2010 and the conceptual and quantitative reference framework in which it is integrated is the Spanish Annual National Accounts.

The data it provides allows for the analysis and evaluation of the structure and evolution of regional economies, and serves as a statistical basis for the design, implementation and monitoring of regional policies, both at national and European level. In addition to measuring regional GDP and value added by industry at current prices and in volume terms, it provides estimates of employment, income and gross fixed capital formation.

The National Accounts are constructed from estimates of economic flows and aggregates that are sourced from a wide variety of statistical operations, which in turn are subject to their own schedule of availability and revision. This means that the estimates of the macroeconomic aggregates are subject to a standard revision process and, also, to gradual disaggregation, until they become definitive. This operation is thus disseminated in December of year t, and it offers an advance estimate for year t-1, a provisional estimate for year t-2 and a final estimate for year t-3.

In order to have regional GDP estimates available in advance for budget calculations, a first estimate of this aggregate for the period 2022-2024 will be released in September 2025. The rest of the regional aggregates will follow the usual dissemination schedule in the month of December.

The next extraordinary regulated revision of the national accounts is planned for 2029. In addition to the recommendation of the European statistics system, a new according methodological basis will be implemented (ESA-2029), replacing the current basis (ESA-2010), and the National Classification of Economic Activities (NCEA).

Type of operation:: annual continuous operation.
Geographical scope:: the entire national territory.
Reference period for the results:: annual.
Collection method:: summary statistics.

More information on the methodology and the standardised methodological report.

INE statistics are produced in accordance with the Code of Good Practice for European Statistics. More information on Quality at INE and the Code of Best Practices.

For further information see

Official INE account on @es_ine

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