{"id":6098,"date":"2024-05-22T00:00:00","date_gmt":"2024-05-21T22:00:00","guid":{"rendered":"https:\/\/navarratalent.com\/?p=6094"},"modified":"2026-05-30T03:32:13","modified_gmt":"2026-05-30T01:32:13","slug":"navarra-s-economy-accelerates-in-the-first-quarter-of-the-year","status":"publish","type":"post","link":"https:\/\/www.navarratalent.com\/en\/navarra-s-economy-accelerates-in-the-first-quarter-of-the-year\/","title":{"rendered":"Navarra’s economy accelerates in the first quarter of the year"},"content":{"rendered":"
\n
The economy of Navarre has shown
\nremarkable growth in the first trimester of 2024, with an increase in GDP of
\n0.8% over the previous trimester and a year-on-year growth of 2%, as reported
\nby the Statistical Institute of Navarre (NASTAT). At a press conference, the
\nMinister of Economy and Finance, Jos\u00e9 Luis Arasti, highlighted this evolution
\nas a sign of the “strength of the Navarre economy” in a challenging
\ninternational context, and underlined the better economic performance of
\nNavarre compared to countries such as France and Germany.<\/span><\/div>\n

<\/span><\/div>\n
The boost in private consumption,
\ndriven by the increase in the purchasing power of households, salary increases,
\nand the moderation of inflation, has been fundamental for the growth of the
\nGDP. External demand has also experienced a significant rebound with an
\nincrease in exports. The industrial sector and the leisure and tourism
\nactivities have seen a reactivation, contributing positively to the economy.<\/span><\/div>\n

<\/span><\/div>\n
The labor market has seen improvements,
\nwith employment at record highs and an increase in Social Security affiliation.
\nThe 2022 labor reform has helped to reduce temporary and long-term
\nunemployment.<\/span><\/div>\n

<\/span><\/div>\n
About inflation, the general
\ntendency has been downward. Internationally, after a period of contraction, the
\nEurozone is showing signs of recovery. <\/span><\/div>\n
<\/div>\n
Further information<\/a><\/span><\/div>\n<\/div>\n

<\/span><\/div>\n

<\/span><\/div>\n","protected":false},"excerpt":{"rendered":"

The\r\nGDP increased by 0.8% compared to the fourth trimester of 2023, two tenths more\r\nthan in the previous trimester, and registers a year-on-year increase of 2%<\/span>
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