Barcelona (ACN).- The Catalan GDP fell by 1% last year according to data released on Thursday by the Spanish Statistics Institute (INE). However, according to data released on the same day by the Catalan Statistics Institute (Idescat), Catalonia’s GDP dropped by 1.3%. Furthermore, regarding Spain’s economy, the INE declared that it fell by 1.4% in 2012 while the Idescat indicated it plummeted by 1.9%. The reason for these differences is that data from both institutes are based on estimates and are still provisional. In any case, Catalonia is one of the Autonomous Communities with the mildest recession in Spain and continues to be that with the highest GDP, €198.63 billion. In addition, Catalonia is among those with the highest GDP per capita, set at €27,248 while the Spanish average was €22,772.

GDP drops in the Autonomous Communities

According to data from the Spanish Statistics Institute, Catalonia’s GDP dropped by 1% in 2012. This means it was the third Autonomous Community (out of 17) with the lowest recession, just after the Balearic Islands (-0.3%) and Galicia (-0.9%). After Catalonia, the Community of Madrid and Cantabria came in with a 1.3% drop. The worst results were for Castilla-la Mancha (-3.0%), Asturias (-2.5%), Extremadura (-2.2%) and La Rioja (-2.1%).

http://www.catalannewsagency.com/news/business/catalonia%E2%80%99s-economy-contracted-1-2012-while-spanish-gdp-dropped-14