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Galicia's GDP could have grown by 3.3% in 2024, and is expected to increase by 2.3% in 2025 and 1.8% in 2026. Going forward, the economy's development will be marked by the weak performance of the industrial sector, high uncertainty regarding economic and tariff policies, and the slow recovery in Europe.

Growth remains solid, but in a context of deceleration. In 2025, services exports remain the main growth driver. In 2026, the impact of tariffs and the slowdown in non-resident consumption will lead to a moderation in growth.

In 2024, growth is revised upwards due to the boost in domestic consumption and tourism. The end of the drought, the improvement of the European economy, and the reduction of interest rates will help sustain growth, affected by the impact of the dana and possible changes in tariff policy in the US.

Galicia's GDP could increase by 2.9% in 2024 and 2.5% in 2025. This will allow the creation of 27 thousand jobs in the biennium and reduce the unemployment rate to 8.7% in 2025.

Climate is a relevant factor in the choice of a tourist destination. Changes in climate conditions could alter the seasonal and geographical pattern of tourism in Spain, with the impact depending on the adaptation policies implemented.

In 2025, the Galician economy could report a 6.4% increase in GDP per capita when compared with 2019, the largest advance within Spain. This brings the autonomous region one step closer to converge with the country as a whole.

In 2024, strength of employment and services exports, maintain dynamism in Madrid, the Mediterranean and the islands. In 2025, tourism will lose momentum. Higher European demand and the end of the drought will shift growth to regions with more industrial and agricultural relevance.

In 2024, the prospects will improve in all the Autonomous Communities, driven by employment, domestic consumption and, above all, service exports. In 2025, the push will come from the industrial communities and the recovery of the south after the drought, with tourist communities losing momentum.