Euskadi's Economy Shows Solid Growth and Employment Strength in Q3
Euskadi reports strong economic growth and a decline in unemployment with historic Social Security affiliation records in Q3.
- • Euskadi's GDP grew by 2.3% in Q3, supported by construction and services sectors.
- • 13,000 new jobs were created in the third quarter, with unemployment falling over 1%.
- • Social Security affiliates reached a historic high of 1.036 million.
- • Industrial and manufacturing sectors showed modest growth, contributing to overall economic stability.
Key details
The Basque Country (Euskadi) continues to demonstrate economic resilience with solid growth and a robust labor market, despite challenging international conditions. Mikel Torres, Vice Lehendakari and Minister of Economy, Labor and Employment, highlighted the region's positive third quarter results, including the creation of 13,000 new jobs and a historic record of over 1.036 million Social Security affiliates. Unemployment in Euskadi decreased by more than 1%, reflecting strong employment gains.
The region's GDP grew by a firm 2.3% in the third quarter, driven by the construction and services sectors alongside strong domestic demand. The industrial sector showed signs of recovery, expanding by 0.2%, with manufacturing up by 0.3%. Torres emphasized that consumption and investment are key drivers fueling this progress and reinforcing confidence in Euskadi's sustainable economic future.
Despite global uncertainties stemming from trade tensions and fragile European partners, Euskadi's economic indicators signal stability and quality job creation. Torres reiterated the regional government's commitment to advancing with sustainable development that benefits all citizens, ensuring a competitive economy with steady employment growth.
This article was synthesized and translated from native language sources to provide English-speaking readers with local perspectives.
