Spain's economy advanced by 2.4 percent on an annual basis in the three months to March 2019, higher than a 2.3 percent growth in the prior quarter and beating market forecasts of a 2.3 percent expansion. GDP Annual Growth Rate in Spain averaged 2.22 percent from 1996 until 2019, reaching an all time high of 5.60 percent in the first quarter of 2000 and a record low of -4.30 percent in the second quarter of 2009.
GDP Annual Growth Rate in Spain is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Spain to stand at 2.00 in 12 months time. In the long-term, the Spain GDP Annual Growth Rate is projected to trend around 1.80 percent in 2020, according to our econometric models.