Canary Islands leads GDP growth at the end of the third quarter according to the estimate published this Wednesday by the Independent Authority for Fiscal Responsibility (AIReF), which puts the increase in the archipelago's economy at 4.3%.
Next are the Balearic Islands, with 4.1%, Castilla y León (3.7%) Catalonia and Aragon (3.5%). Meanwhile, at the level of the national average (3.4%), always in annual terms, are four communities: Navarra, La Rioja, Madrid and the Valencian Community; and just below the Basque Country (3.3%).
Then come Galicia and Murcia (both with 3.2%), Asturias (3.1%) and Cantabria (3.0%), while Castilla-La Mancha, Andalusia and Extremadura close the list, all three with a GDP increase of 2.9%.
In quarterly figures, the Balearic Islands (1.1%) and the Valencian Community (1.0%) lead the growth, followed by the Basque Country, Cantabria, Asturias and Madrid (0.9% in each case).
Six communities equal the national average (0.8%): La Rioja, Catalonia, Castilla y León, Navarra, Canary Islands and Extremadura; and the remaining five remain at 0.7%: Aragon, Galicia, Murcia, Castilla-La Mancha and Andalusia.
The AIReF combines three types of statistical information to obtain these estimates: monthly data of economic indicators disaggregated at the territorial level, annual data compiled in national accounting terms by the Regional Accounting of Spain (CRE) and, finally, the estimates for the national total published by the Quarterly National Accounts (CNTR).
Despite the strong economic growth in recent years in the archipelago, Canary Islands salaries continue to occupy the penultimate position in the country, while real estate prices on the islands are much higher than in other low-wage regions.
