Spain GDP Growth Rate  1995-2018 | Data | Chart | Calendar | Forecast

The Spanish economy expanded 0.7 percent on quarter in the first three months of 2018, the same as in the previous period and in line with the preliminary reading. It marks the 18th straight quarter of solid growth after a five-year financial crisis that ended in 2013. GDP Growth Rate in Spain averaged 0.54 percent from 1995 until 2018, reaching an all time high of 1.60 percent in the first quarter of 2000 and a record low of -1.60 percent in the first quarter of 2009.

Spain GDP Growth Rate
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Spain GDP Growth Confirmed at 0.7% in Q1


The Spanish economy expanded 0.7 percent on quarter in the first three months of 2018, the same as in the previous period and in line with the preliminary reading. It marks the 18th straight quarter of solid growth after a five-year financial crisis that ended in 2013.

Household spending went up 0.7 percent, slightly higher than 0.6 percent in the last three months of 2016 and public expenditure rose 0.5 percent, following a 0.4 percent gain in Q4. Gross fixed capital formation advanced 0.8 percent after 0.7 percent in Q4, mainly driven by contruction (2.4 percent compared to 1 percent) and intellectual property products (1 percent compared to -0.5 percent) while investment in equipment goods declined (-1.6 percent compared to 0.9 percent). Both exports went (1.3 percent compared to 0.3 percent) and imports (1.3 percent compared to 0 percent) rebounded. 

Year-on-year, the GDP expanded 3 percent, better than a preliminary reading of 2.9 percent. Still, it is the lowest growth rate in a year. Domestic demand made the biggest contribution (2.8 percentage points), although it was lower than in the previous quarter (3.2 percentage points). The external demand contributed 0.2 percentage points to growth, after subtracting 0.1 percentage points in the previous period.


INE | Joana Taborda | joana.taborda@tradingeconomics.com
5/31/2018 7:28:43 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-03-01 08:00 AM GDP Growth Rate QoQ Final 0.7% 0.7% 0.7% 0.7%
2018-04-27 07:00 AM GDP Growth Rate QoQ Flash 0.7% 0.7% 0.7% 0.7%
2018-05-31 07:00 AM GDP Growth Rate QoQ Final 0.7% 0.7% 0.7% 0.7%
2018-07-31 07:00 AM GDP Growth Rate QoQ Flash 0.7% 0.7% 0.6%
2018-09-28 07:00 AM GDP Growth Rate QoQ Final 0.7%
2018-10-31 08:00 AM GDP Growth Rate QoQ Flash 0.6%


Spain GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.70 1.60 -1.60 percent [+]
GDP Annual Growth Rate 3.00 3.10 5.60 -4.30 percent [+]
GDP 1311.32 1237.26 1635.02 12.07 USD Billion [+]
GDP Constant Prices 298023.00 296207.00 298023.00 112208.00 EUR Million [+]
Gross Fixed Capital Formation 61680.00 61277.00 85511.00 24923.00 EUR Million [+]
GDP per capita 32405.75 31505.61 32459.92 7359.97 USD [+]
GDP per capita PPP 34272.36 33320.37 34329.65 23758.73 USD [+]
GDP From Agriculture 8088.00 7925.00 8088.00 4136.00 EUR Million [+]
GDP From Construction 16045.00 15653.00 28879.00 9683.00 EUR Million [+]
GDP From Manufacturing 38767.00 38938.00 38938.00 18252.00 EUR Million [+]
GDP From Public Administration 49103.00 48908.00 49103.00 17370.00 EUR Million [+]
GDP From Services 197451.00 196146.00 197451.00 68153.00 EUR Million [+]
GDP From Transport 63169.00 62881.00 63169.00 26080.00 EUR Million [+]


Spain GDP Growth Rate

Spain is the fourth largest economy in the Euro Zone and the fifth biggest economy in the European Union. The country has a strong and diverse manufacturing industry and is one of the biggest tourist destinations in the world. However, in the third quarter of 2008, following the burst of a housing market bubble the country plunged into recession and has only starting to recover in the middle of 2013. The economic crisis gave rise to very high losses in output and employment, as nearly one quarter of the active population has been unemployed for the last 5 years. On the expenditure side, household consumption is the main component of GDP accounting for 58 percent of its total use, followed by gross fixed capital formation (20 percent) and government expenditure (19 percent). Within investments, tangible fixed assets accounts for 16 percent of GDP; construction for 10 percent; capital goods for 7 percent; and intellectual property products for 3 percent. Exports of goods and services account for 33 percent of GDP while imports account for 30 percent, adding 3 percent of total GDP. This page provides the latest reported value for - Spain GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.70 1.60 -1.60 1995 - 2018 percent Quarterly




GDP growth rate by Country
Country Last
Turkey 2.00 Mar/18
United States 2.00 Mar/18
India 1.90 Mar/18
China 1.80 Jun/18
Mexico 1.10 Mar/18
Australia 1.00 Mar/18
South Korea 1.00 Mar/18
Russia 0.85 Mar/18
Spain 0.70 Mar/18
Netherlands 0.60 Mar/18
Switzerland 0.60 Mar/18
Brazil 0.40 Mar/18
Euro Area 0.40 Mar/18
Canada 0.30 Mar/18
Germany 0.30 Mar/18
Italy 0.30 Mar/18
France 0.20 Mar/18
United Kingdom 0.20 Mar/18
Japan -0.20 Mar/18
Indonesia -0.42 Mar/18


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