Spain - Residential Tourism Statistics

 

ANDALUCIA - GDP


The GDP (PIB Producto Interior Bruto in Spanish) is a measure of the total market value of all the goods and services produced by a country in a given period. GDP is widely used by economists to gauge the health of an economy, as its variations are relatively quickly identified. However, its value as an indicator for the standard of living is considered to be limited. For more explanation of GDP consult Wikipedia.

The current GDP of Andalucia is about 150 thousand million euro which is about 18.000 euro per capita. Compare to EU countries.

Below we reproduce the growth in GDP of Andalucia since its creation as an economic area. In the table below covering 1980-1996 the figures are GVA Gross Value added. (VAB Valol Añadido Bruto in Spanish) It is an older measure and has a the relation GVA + taxes on products - subsidies on products = GDP.

 

The table below shows the inter-annual growth of GDP for Andalucia and is revealing. We have identified four distinct phases:

 
  • “Early Development” from 1980 to 1991 with an average inter annual growth of 12.9 %“Downturn” from 1992 to 1997 with an average inter-annual growth of 5.8 %.
  • “Property Boom” from 1998 to 2006 with an average inter-annual growth of 7.5 %.
  • “Crisis” from 2008 to 2013 and continuing with an average inter-annual growth of -1.0%.

 

 

GVA '000 euro

Variation Inter-Annual

1980

11.150.518

-

1981

12.457.274

11,7 %

1982

14.495.071

16,4 %

1983

16.638.571

14,8 %

1984

18.742.839

12,6 %

1985

21.333.286

13,8 %

1986

24.187.762

13,4 %

1987

27.073.476

11,9 %

1988

29.869.815

10,3 %

1989

33.098.238

10,8 %

1990

38.344.677

15,9 %

1991

42.210.321

10,1 %

1992

44.546.399

5,5 %

1993

46.068.917

3,4 %

1994

48.876.458

6,1 %

1995

51.962.411

6,3 %

1996

54.785.351

5,4 %

Source: Contabilidad Regional de Andalucía Instituto de Estadistica y Cartografia de Andalucia.

From 1996 onwards we present the actual GDP and its inter annual variation.

 

GDP '000 euro

Variation Inter-Annual

1995

59.051.045

-

1996

62.853.140

6,6 %

1997

67.267.844

7,0 %

1998

72.440.475

7,7 %

1999

78.750.075

8,7 %

2000

86.215.965

9,5 %

2001

93.066.604

7.9 %

2002

100.155.249

7.6 %

2003

108.728.806

8,6 %

2004

117.443.935

8,0 %

2005

127.097.905

8,2 %

2006

137.942.742

8,5 %

2007

147.616.662

3,6 %

2008

151.844.357

0,6 %

2009

146.622.148

-3,6 %

2010

 

-1,0 %

2011

149,163,807

-0,1 %

2012

estimate

- 1,9 %

2013
estimate
- 1,6 %

Quarterly variation of GDP of Andalucia since 2007 is below

 

GDP Quarterly Variation

Variation Inter-Annual

2007 Q1

0,8 %

3,9 %

2007 Q2

0,6 %

3,5 %

2007 Q3

0,9 %

3,5 %

2007 Q4

0,7 %

3,1 %

2008 Q1

0,3 %

2,6 %

2008 Q2

-0,3 %

1,7 %

2008 Q3

-0,8 %

-0,1 %

2008 Q4

-1,2 %

-1,2 %

2009 Q1

-1,4 %

-3,6 %

2009 Q2

-0,8 %

-4,1 %

2009 Q3

-0,5 %

-3,8 %

2009 Q4

-0,4 %

-3.1 %

2010 Q1

0,0 %

-1,7 %

2010 Q2

0,1 %

-0,8 %

2010 Q3

-0,2 %

-0,5 %

2010 Q4

0,1 %

0,1 %

2011 Q1

0,2 %

0,2 %

2011 Q2

0,0 %

0,1 %

2011 Q3

0,0 %

0,3 %

2011 Q4

-0,4 %

-0,7 %

2012 Q1

-0,4 %

-0,9 %

2012 Q2

-0,4 %

-1,3 %

2012 Q3

-0,8 %

-2.0 %

2012 Q4

-1,1 %

-2,6 %

2013 Q1

-0,4 %

-2,6 %

2013 Q2

 

 

 

Source: Contabilidad Regional de Andalucía Instituto de Estadistica y Cartografia de Andalucia and * "Previsiones Económicas de Andalucía nº 71 Winter 2012" UNICAJA Analysis Economica de Andalucia.

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