Economy

Working Population

Source: Galician Institute of Statistics (IGE)

Total population employed 2018: 1,077,600

P.OCUPADA 2018 ing

Unemployment rate

Source: Galician Institute of Statistics (IGE)

The average annual unemployment rate for 2018 was 13.3%. The highest rate corresponded to young people, the population segment with the highest education levels. There is an obvious availability of personnel, strengthened by the immigration of young people who are the descendants of Galicians in Latin America and Europe.

GDP. Annual Growth Rate

Source: IGE. National Institute of Statistics (INE). Eurostat

An analysis of trends in recent years reveals that Galicia, like the rest of Spain, is in a process of converging with Europe.
 
During the last decade, the accumulative annual growth rate of the GDP has been 0.84% 

 

  2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Galicia 4.9 1.5 -3.6 0.2 -1.3 -3.2 -0,4 1.1 2.9 3.4 3.2 2.8
Spain 3.8 1.1 -3.6 0.0 -1.0 -2.9 -1.7 1.4 3.6 3.2 3.0 2.6
UE 3.1 0.5 -4.3 2.1 1.8 -0.4 0.3 1.8 2.3 2.0 2.4 2.0

 

PIB 2018 ing
  

GVA

Source: IGE

VAB 2018 ing
  

Industrial GVA

Source: INE. IGE

  2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Spain -0.8 -10.0 3.6 -0.2 -4.9 -3.9 2.0 2.9 5.6 4.4 1.1
Galicia -2.5 -10.9
0.9
-2.8 -5.1 5.3 0.6 0.9 5.2 3.2 3.8
 
VABI 2018 ing