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Published on Thursday, November 14, 2019

Cantabria Economic Outlook 2019

The economy of Cantabria grew by 3.4% in 2018 and will advance by 1.8% in 2019 and by 1.7% in 2020. This will add around 5,000 new jobs in the biennium, although the risks are numerous and some of them are more likely now. The employment level will be 6.8 percentage points below the pre-crisis level

Key points

  • Key points:
  • In 2019-2020, Cantabria will increase its GDP per capita above the average for Spain
  • The municipalities around Santander are the ones with the most dynamic labor market
  • The Cantabrian economy will create just over 5,000 jobs in the biennium ending in 2020
  • External (protectionism, brexit, Europe's growth...) and internal uncertainty are increasing

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