IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/122203.html
   My bibliography  Save this paper

Economía de Galicia: Balance 2023
[Galicia Economy]

Author

Listed:
  • Fernando, Gonzalez Laxe
  • José Francisco, Armesto Pina
  • Patricio Sanchez, Sanchez Fernandez

Abstract

In 2023, like most of the economies in its environment, the Galician economy experienced a significant slowdown in its growth rate. Thus, Galician GDP grew by 1.8%, seven-tenths less than in Spain, this growth being not only higher than the European average and the Eurozone but also higher than countries such as France and Italy. The aggregate GDP growth in 2023 was based on the positive contribution of external demand, which contributes one point compared to eight-tenths in the case of internal demand, with Spain presenting a greater contribution from internal demand (1.7 points). Among the different components, the marked slowdown in household consumption stands out, with a growth of 0.5% (4.5% in the previous year), and the contraction of 0.7% in investment, contrary to what happened in the previous two years.

Suggested Citation

  • Fernando, Gonzalez Laxe & José Francisco, Armesto Pina & Patricio Sanchez, Sanchez Fernandez, 2024. "Economía de Galicia: Balance 2023 [Galicia Economy]," MPRA Paper 122203, University Library of Munich, Germany, revised 01 Sep 2024.
    • Handle: RePEc:pra:mprapa:122203
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/122203/1/MPRA_paper_122203.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Galicia; Spain; Europe; National Accounts; GDP; foreign trade;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • H00 - Public Economics - - General - - - General
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:122203. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.