In 2016 the gross domestic product (GDP) of Nouvelle-Aquitaine was €167.98b and represented 7.54% of the total annual French GDP. In terms of GDP the region is the third performing region, behind Ile-de-France with 30.54%, Auvergne-Rhône-Alpes with 11.44%. In terms of growth, Nouvelle-Aquitaine is performing slightly below the French average: between 2007 and 2016, the average annual growth rate was 1.35% (1.52% at the national level).
In 2017, Nouvelle-Aquitaine accounted for 8.83% of the national active population. In 2017, the unemployment rate was 9.35%, slightly lower than the national figure (9.44%). Since 2013, the unemployment rate of Nouvelle-Aquitaine is lower than the national rate. Nevertheless, national unemployment rate has since decreased, and the regional rate is now closer to the national one. Regarding youth unemployment, the regional rate was 25.38%, three percentage points higher than the national average (22.37%) (Eurostat, 2018).
The regional economy is mostly oriented towards services, with 75.30% of service-related jobs in 2017, slightly below the national level (78.31%).
The region is characterised by the importance of its agriculture sector: 4.23%, of the people are employed in agriculture, almost twice as high as the national average (2.46%). The region is the first European region in terms of added value of the primary sector (INSEE, 2018). Wine, corn, poultry, fruit and vegetables, and livestock products account for most of the agricultural production value.
Industry (including construction) accounts for about 20.47% of regional employment, higher than the national average (19.23%). The main regional industries are aeronautics/space/defence, agribusiness, and wood/paper (Nouvelle-Aquitaine, 2018).
The regional economy is dominated by SMEs in proportions that reflect the national averages: 3.68% of enterprises had more than 10 employees in 2015, and 96.32% of regional companies had less than 9 employees, quite similarly to the national level: 96.17% (Eurostat, 2018).
The region hosts six competitiveness clusters: in the fields of aerospace (Aerospace Valley), optics and lasers (Pôle de compétitivité Photonique et Hyperfréquences - http://www.alpha-rlh.com/fre), agriculture-agrofood (Agri Sud-Ouest Innovation), ecotechnologies (Avenia), wood-paper (Xylofutur), and ceramics (Pôle Européen de la Céramique).
The region hosts also several regional clusters: Aetos on drones, Aquitaine Croissance Verte and Sysolia on solar panels, So Horse Alliance on equine industry, Creahd on sustainable building, Eurosima on surfing, Innovin dedicated to the wine industry, TIC-Santé on e-health, Topos on satellite applications, Cancer Bio Santé CBS on health and biotechnology for cancer, Viameca on mechanics related to the automobile and aeronautics sector and S2E2 on smart electricity.