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Second quarter 2025
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GDP in the Basque Country increased by 2.2% in the second quarter of 2025

According to Eustat data, year-on-year growth has been 1.4%, which is 14 035 jobs more than in the second quarter of the previous year.

LAN EMPRESA INDUSTRIA IREKIA8
Stock Photo: Irekia

The Basque Country'sGross Product (GDP) grew by 0.5% in the second quarter of 2025 compared to the first three months of the year, with year-on-year growth of 2.2%

Employment, taking into account full-time jobs, has grown 0.3% in the second quarter of the year compared to the first quarter of 2025, representing a year-on-year growth of 1.4%, which is 14 035more jobs created than in the second quarter of the previous year, according to data compiled by Eustat.

These estimates for the second quarter of the year confirm the GDP and employment data obtained in the Eustat Quarterly Account Advance of 16 July, both in interquarterly and interannual growth. 



On the other hand, the estimated year-on-year growth in Basque GDP in the second quarter of 2025 (2.2%) is above the latest estimates for the euro area (1.5%) and for the European Union as a whole (1.6%).

From thepoint of view of supply , the evolution of added value has been positive in year-on-year terms (second quarter of 2025 compared to the second quarter of 2024) in all economic sectors except the primary sector.

With regard to the evolution of GDP by historical territory, in the second quarter of 2025 Álava recorded a year-on-year growth of 2.0 per cent, Bizkaia of 2.2 per cent and Gipuzkoa of 2.3 per cent. Compared to the previous quarter, growth has been 0.6 per cent in Álava and 0.5 per cent in Bizkaia and Gipuzkoa.

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