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Diario Euskadi

Aiaraldea experiences sharpest decline in industrial added value in 2024

According to Eustat data, the Aiaraldea region recorded the largest drop in Gross Value Added for its industry within the Basque Autonomous Community, falling by 16.3%.

Generic image: a chart indicating an economic decline, with a blurred industrial background.
IA

Generic image: a chart indicating an economic decline, with a blurred industrial background.

The Aiaraldea region registered the most significant decline in Gross Value Added for its extractive and manufacturing industry in the Basque Autonomous Community in 2024, plummeting by 16.3% compared to the previous year, according to Eustat data.

Despite an overall 1% growth in Euskadi's industrial sector in 2024, Aiaraldea saw a substantial setback in its extractive and manufacturing industry's Gross Value Added. This drop, following two positive years, highlights the challenges faced by the region and contrasts sharply with the performance of the Llanada Alavesa, which ranks as the second-highest in industrial Gross Value Added, only behind Greater Bilbao.
According to the Industrial Survey by Regions published yesterday by Eustat, Álava was the territory with the poorest performance, experiencing a 1.1% decline, totaling 3,397.2 million euros and representing 21.3% of the Basque industry's Gross Value Added. The Llanada Alavesa, with 2,122 million euros, had the largest share in the territory's Added Value (62.5%), although the most significant year-on-year increase was recorded in Arabako Mendialdea (42.9%). Conversely, the Cantábrica Alavesa region suffered the sharpest decrease, at 16.3%.
The turnover of Álava's industry reached 14,824.1 million euros, a 5.2% decrease from 2023. The Llanada Alavesa, influenced by Gasteiz and its business fabric, was a fundamental contributor to this figure, accounting for 68.7% of the total. In this context, Aiaraldea's downward trend was once again evident, marking the largest decline in the BAC at 11.9%. Álava was the territory with the worst performance in this area, contrasting with a 0.2% decrease in Bizkaia and a 1.2% increase in Gipuzkoa.
Regarding employment, the extractive and manufacturing industry saw growth in 13 of the 20 regions of the BAC. Estribaciones del Gorbea led with a 5.5% increase, followed by Gernika-Bermeo (3.9%) and Arratia-Nervión (3.6%). In Álava, only Aiaraldea recorded a slight decrease of just two tenths, settling at 5,626 people employed in the sector.
Finally, labor productivity, measured as value added per employee, grew by four tenths in Euskadi, reaching 79,776 euros. This figure rose to 82,245 euros in Álava, the highest among the three territories, despite a 2.3% decrease in 2024, also the largest drop among the three. Aiaraldea, once again, presented the worst data in the BAC, with a 16.1% fall to 79,378 euros, slightly below the Basque average.

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