Labour market information

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Spain - País Vasco

Short overview of the labour market

 

The Basque Country is an Autonomous Community located in the north of Spain (also referred to as Euskadi) covering an area of 7 230.33 km2 and comprising three territories or provinces: Araba/Álava, Bizkaia and Gipuzkoa.

According to provisional data from the National Statistical Institute, on 1 January 2017 the population of this Community was 2 193 205 accounting for 4.71 % of the Spanish total and with year-on-year growth of 0.17 %. The population density is 303.33 inhabitants/km2. By territories, 52.33 % of the region’s inhabitants reside in Bizkaia, 32.79 % in Gipuzkoa and 14.88 % in Araba/Álava. The Basque Country’s foreign resident population grew by 2 967 (2.13 %) in 2016. This group accounts for 6.49 % of the Basque population.

From a macroeconomic perspective, according to preliminary INE estimates for 2016, Basque Country GDP grew by 2.8 % compared to the national growth rate of 3.2 %. Per capita gross domestic product in the Basque Country was EUR 31 805, ranking second behind the Community of Madrid.

Basque Country GDP grew at a year-on-year rate of 2.9 % in Q2 2017. According to the quarterly accounts published by EUSTAT, variation with respect to the first quarter of the year was 0.9 %. This level of growth is inferior to that of the Spanish economy (3.1 %) and is well over the year-on-year growth of euro area-19 (+2.3 %). Internal demand grew by 2.7 %. The contribution of the external balance was slightly positive with quarter-on-quarter growth in imports (1.4 %) slightly lower than that of exports (1.7 %). This year-on-year growth in GDP in Q2 2017 is due to positive trends in all sectors of activity except for the primary sector (-2.7 %). Services (3.2 %), industry (2.3 %) and construction (2.0 %) all grew.

On 1 January 2017 there were 140 290 active companies in the Basque Country, 78.45 % in the services sector, 13.42 % in construction and 8.13 % in industry. 48.31 % of these companies do not have any employees, 45.64 % have fewer than 10, 5.53 % have between 10 and 99, 0.45 % between 100 and 499 and 0.07 % have over 500 employees. In September 2017 there were 932 615 workers on social security rolls, 3.15 % more than in September 2016 but far from the 4.53 % increase at national level. Of these workers, 18.37 % were self-employed.

The number of workers affected by collective dismissals, contract suspensions and reduced working hours in Q1 2017 fell by 42.8 % compared to the same period the previous year.

The most relevant companies are: Aernnova, Grupo Arteche, BBVA, CAF, CIE Automotive, Etxe Tar, Euskaltel, Gamesa, Gestamp, Iberdrola, Ibermática Idom, Ingeteam, ITP, Kutxabank, Mondragón Corporación, Michelín, Mercedes, Sener, Tubacex, Tubos Reunidos, Velatia, Vidrala, etc.

LFS data corresponding to Q3 2017 reflect a downward trend in the unemployment rate which was 11.56 % compared to 12.80 % during the same quarter the year before. Both the active and occupied population declined (by 1.70 % and 0.27 % respectively). The number of unemployed persons fell by 11.21 %.

According to information from the Public State Employment Service’s Occupational Monitoring Centre:

  • A total of 958 826 contracts were registered between October 2016 and September 2017 (5.27 % more than the previous year) accounting for 4.50 % of all contracts registered nationally. Of these contracts, 49.91 % were awarded to women, 33.04 % to those under 30, 25.81 % to those over 45, 11.20 % to foreigners, 2.72 % to long-term job seekers and 1.68 % to persons with disabilities.

 

  • On 30 September 2017 there were 132 046 unemployed job seekers in this Autonomous Community resulting in a year-on-year variation of -8.38 %. Of the total number of unemployed persons, women accounted for 56.57 %, the long-term unemployed for 52.51 %, those over 45 for 48.93 %, those under 30 for 14.62 %, foreigners for 15.57 % and persons with disabilities for 4.00 %.

Text last edited on: 03/2018


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