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The economy of the Canary Islands would have grown by 2.5% in 2018. It is expected to advance by 2.4% in 2019 and moderate to 1.8% in 2020, linking seven consecutive years of economic recovery. This will add around 47,000 new jobs between the end of 2018 and 2020, but the unemployment rate shall be 18.6% in 2020.
The Canary Islands economy grew by 2.9% in 2017 and will continue to grow by 2.9% in 2018 and 2.6% in 2019. 56,000 jobs will be created by the end of 2019, despite the weakening of some external impulses.
The economy of the Canary Islands grew 3.5% in 2016, and will still grow to 3.5% in 2017 and 2.8% in 2018, creating around 60,000 new jobs in those two years, although some external factors’ contribution may slow down. Although pre-crisis GDP level will be reached in 2018, creating more and better jobs remain as challenges.
In 2015 the Canary Islands grew 2.8%. Growth will stabilise at around 2.9% in 2016 and 2.8% in 2017. The fall in oil prices, the acceleration of the EMU and the strength of internal demand will support growth. This scenario will enable the creation of 68,000 jobs during this two-year period.
La recuperación se consolida, y Canarias podría aumentar en 60 mil los ocupados entre 2015 y 2016, pero es necesario continuar con las reformas y el proceso de modernización de la economía.
The Canary Islands economy continues to gather pace. Growth of 3.3% is forecast in 2015 and 3.0% in 2016, once again ahead of the nationwide average. Around 60,000 more jobs could be created up to the end of 2016.
The Canarian economy bottomed out in 2013 and has started its recovery will continue in 2014 over Spain.