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CAJA RURAL DE NAVARRA Operational Environment Regional GDP per capita EU 100 +150 125-150 100-125 75-100 Source: Eurostat 2021 data Guyane union (FR Mam Maka Actives (PT) Nude T Said (0) 2/7 OPERATIONAL ENVIRONMENT . • GDP per capita comparable to other solid European regions and underpinning a much more stable economic environment. Only 3 Spanish regions (Basque Country, Madrid and Navarre) have a GDP per capita above the European average. Standard & Poor's rates the regions of Navarre and Basque Country two notches higher than Spain (AA- vs. A) Caja Rural de Navarra Investor Presentation 15

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