Extension of Statistical Partnership in the Canary Islands

The Canary Islands' statistical authorities have officially extended their partnership with Spain's National Statistics Institute (INE) for four more years, until June 2029.

Focus of the New Agreement

• The key update involves a shift in focus, with the agreement now emphasizing the collection and sharing of regional accounts data at NUTS3 level, which refers to small territorial units within the Canary Islands.
• This data covers economic indicators such as:
  • Value added
  • Employment
  • Sector breakdowns
• The data will be supplied by the Canary Islands Institute of Statistics (ISTAC).
• INE will continue providing provincial data and transmitting the information to Eurostat, the European Union's statistical office.

Significance and Benefits

• Ensures regional and demographic data align with EU standards.
• Keeps the Canary Islands integrated into Spain's and Europe's official economic and demographic monitoring systems.
• Supports regional planning and funding.
• Highlights ongoing cooperation between regional and national bodies to keep up-to-date statistics.
• Informs policy decisions affecting residents, from economic development to social services.

Importance of the Data

The extension underscores the importance of reliable, detailed regional data in a strategically vital territory for Spain and Europe.

This renewal reflects the commitment to maintaining accurate, detailed statistics that influence policymaking and regional development in the Canary Islands.