The Balearic Islands was the autonomous community with the highest growth of its Gross Domestic Product (GDP) in 2023, with an increase of 5.7%, followed by the Canary Islands and La Rioja, with increases of 5.1% and 4.2%, respectively, according to the Regional Accounts data published on Wednesday by the National Statistics Institute (INE).
After the advances of the islands and La Rioja, growth in Castilla-La Mancha and Castilla y León also stood out, with GDP increases of 3.3% and 3%, respectively, and Asturias (+2.8%), all of them above the national average growth of 2.8%. At the other extreme, with the least pronounced increases, were Murcia (+2%), Navarra (+2.1%) and the Valencian Community and Galicia (+2.3% in both cases). For their part, the autonomous cities of Ceuta and Melilla presented GDP growth of 1.7% and 1.8%, respectively. According to Statistics, all the communities plus Ceuta and Melilla showed GDP growth in 2023 higher than that of the European Union (EU-27), which was 0.4%. The agency has released these data after incorporating into these regional statistics the updated information of the Extraordinary Statistical Review 2024 (RE-2024) of the Annual National Accounts, whose impact on GDP amounted to 13,184 million euros for the reference year 2021. This revision, explains the INE, entails a direct effect on regional GDP levels, according to the weight of each community in each branch of activity. Additionally, Statistics has incorporated statistical changes in sources and estimation procedures of the accounting aggregates of the Regional Accounts, among which the information derived from the Population and Housing Census 2021 stands out.
Madrid has the highest GDP per capita
Madrid recorded the highest GDP per capita in 2023, with 42,198 euros per capita, followed by the Basque Country (39,547 euros) and Navarre (37,088 euros). The Balearic Islands, meanwhile, registers a GDP per capita of 34,381 euros. This is above the national average of 30,968 euros per capita, although below the European Union average of 38,130 euros. At the other extreme, with lower GDP per capita, were the autonomous cities of Melilla (20,479 euros) and Ceuta (22,751 euros), followed by Andalusia (23,218 euros per capita) and Extremadura (23,604 euros).
