The Gross Domestic Product (GDP) generated by the Canary Islands economy registered a year-on-year decrease of 14.1% in the first quarter of 2021 compared to the 4.3% decrease registered in Spain as a whole.
According to the Canary Islands Institute of Statistics (Istac), specifically, this figure, known as the real GDP variation, was 9.8 percentage points worse in the islands than that registered by the national economy.
For their part, the regional statistical offices that have published GDP data for the first quarter registered falls of less than 4.5%; Andalusia (-4.2%), Catalonia (-4.3%), Navarra (-2.2%) and the Basque Country (-2.9%).
Finally, in the Canary Islands, with the exception of the primary sector, the rest of the economic sectors registered significant drops compared to the previous year, with the services sector standing out with a reduction of 17.6%, followed by construction (-12.6%) and industry (-8.9%), while the primary sector grew by 2.5%.
