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Andalucia GDP

Map of Andalucia showing 8 provinces
Map of Andalucia showing 8 provinces

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 2019 GDP of Andalucia is about 170 thousand million euro which is about 19.600 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 Valor 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. We highlight six 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%.
  • "Recovery" from 2014 to 2019 and continuing with an average inter-annual growth 2.5%
  • "Coronavirus" 2020 and 2021

 

  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.

  GVA ‘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   -1,1 %
2011 149,163,807 -1,2 %
2012   -3,1 %
2013   -1,6 %
2014   1,4 %
2015   3,6 %
2016   2,6 %
2017   -3,0 %
2018   2,4 %
2019   -2,1 %
2020 Estimate -9,0 %

 

Sources: INE - Estadisticas territoriales
Instituto de Estadistica y Cartografia de Andaluciaa>
Analistas Económicos de Andalucía" was UNICAJA Analysis Economica de Andalucia.
 

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