Macroeconomic Details

Immersed in the Spanish economic miracle of recent decades, Cantabria has undergone growth exceeding the European average, which has translated into a reduction in unemployment and a swift convergence with Europe's most advanced countries.

The service sector leads the way in Cantabria's economic structure, accounting for over 68.3 %. It is followed by the industrial sector, which with a contribution of 17.3% is above the Spanish average. Construction and farming contribute to the regional VAB with 11.6% and 2.8% respectively.