...Uneven GDP Performance: Spanish nominal GDP declined by 5.96% over 2008-2013. Overall, regions located in the southern half of the country performed less well than the national average, while northern regions outperformed it. These latter regions have historically also shown higher GDP per capita than the national average. The GDP of Navarre ¡ the best performer ¡ declined by 3.86% over 2008-2013. Different From the Sovereign: Regional GDP growth varied widely compared with the national average over this period: La Rioja was the closest to Spain, with the disparity versus the country's performance tending to widen as one approaches the best (Navarra) and worst (Asturias) performers. The contributions of the 17 regions to national GDP have been exceptionally stable over the long term, according to the National Statistical Institute (INE) data, with the exception of Madrid, whose contribution increased by 118bp between 1995 and 2013. Larger Regions' Performance: The weighting of the four...
