Quarterly and annual GDP growth exceeded all of the forecasts published by the Department of Finance and the Economy by a tenth. Compared to forecast of growth of 2.8%, the growth in the quarterly accounts showed an increase of 2.9%. Similarly, the average growth for the year was 3.1%, a tenth above the forecast by the Department of Finance and the Economy (3.0%) and two-tenths above the previous year.

The upwards revisions have been a constant throughout the year, as in March a growth of 2.5% was expected for the whole of 2016, in October 2.9% and in November the aforementioned 3.0%, figures which have all been exceeded by the real data (3.1%). Therefore, the Basque economy has shown higher inertia than that forecast, within a quarterly process of moderation in the evolution of the rates.