Basque industry: positive data in employment, value added, and productivity in 2024

Exceeds state and EU-27 averages in employment and value added, but lags behind in productivity.

Generic image: Close-up of industrial gears and machinery components in a factory setting with hints of Basque architecture, warm lighting.
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Generic image: Close-up of industrial gears and machinery components in a factory setting with hints of Basque architecture, warm lighting.

The industry of the Basque Autonomous Community registered positive data in employment, value added, and foreign trade in 2024, surpassing state and EU-27 averages, although with room for improvement in productivity and technological level.

The industry of the Basque Autonomous Community accounted for 19.8% of total employment in 2024, exceeding the state average (11.4%) and that of the EU-27 (15.3%). The main sectors of employment were Metallurgy and metal products (32.5%), Manufacture of machinery and equipment (11.3%), and Manufacture of transport equipment (9.8%).
Regarding gross value added, industry generated 23.0% of the total GVA of the Basque Autonomous Community, surpassing the figures for Germany (20.9%), EU-27 (17.2%), and Spain (14.3%). However, manufacturing business turnover decreased by 1.0%, except in Gipuzkoa (a 1.2% increase).
Productivity reached €79,700, above the Spanish figure (€74,200), but below the economies of France (€90,500) or Germany (€96,400). In foreign trade, a trade surplus of €3,921 million was achieved, with a coverage rate of 114.3%.
6.5% of industrial activities had a high technological level, and 38.3% of R&D expenditure was linked to industry. Furthermore, the average size of industrial establishments was 17.9 employees.
Based on information from the official source: Eustat — Instituto Vasco de Estadística (21/10/2026)