The Spanish GDP growth was revised down to 1.9 percent year-on-year in the third quarter of 2019 from an initial estimate of 2 percent. It is the lowest annual growth since the third quarter of 2014. GDP Annual Growth Rate in Spain averaged 2.18 percent from 1996 until 2019, reaching an all time high of 5.40 percent in the first quarter of 2000 and a record low of -4.30 percent in the second quarter of 2009. source: National Statistics Institute (INE)

GDP Annual Growth Rate in Spain is expected to be 1.80 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 1.50 in 12 months time. In the long-term, the Spain GDP Annual Growth Rate is projected to trend around 1.40 percent in 2020, according to our econometric models.

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Spain GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.90 2.00 5.40 -4.30 1996 - 2019 percent Quarterly



Calendar GMT Actual Previous Consensus TEForecast
2019-07-31 07:00 AM GDP Growth Rate YoY Flash Q2 2.3% 2.4% 2.3% 2.2%
2019-09-30 07:00 AM GDP Growth Rate YoY Final Q2 2% 2.2% 2.3% 2.1%
2019-10-31 08:00 AM GDP Growth Rate YoY Flash Q3 2% 2% 1.9% 2.0%
2019-12-30 08:00 AM GDP Growth Rate YoY Final Q3 1.9% 2% 2% 2%
2020-01-31 08:00 AM GDP Growth Rate YoY Flash Q4 1.8%
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Spain GDP Annual Growth Rate
On the expenditure side, household consumption is the main component of Spain's GDP (58 percent), followed by gross fixed capital formation (21 percent) and government expenditure (18 percent). Within investments, tangible fixed assets account for 18 percent of GDP, including construction (10 percent) and machinery, equipment and weapon system (7 percent); and intellectual property products account for the remaining 3 percent. Exports of goods and services account for 34 percent of GDP while imports account for 31 percent, adding 3 percent of total GDP.

Spain GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.40 1.60 -2.60 percent [+]
GDP Annual Growth Rate 1.90 2.00 5.40 -4.30 percent [+]
GDP 1426.19 1314.31 1635.02 12.07 USD Billion [+]
GDP Constant Prices 311917.00 310381.00 311917.00 112760.00 EUR Million [+]
Gross Fixed Capital Formation 63466.00 61981.00 81720.00 24617.00 EUR Million [+]
GDP per capita 33146.40 32402.70 33146.40 7359.97 USD [+]
GDP per capita PPP 35055.70 34269.10 35055.70 23758.70 USD [+]
GDP From Agriculture 8545.00 8363.00 8561.00 4189.00 EUR Million [+]
GDP From Construction 18358.00 18290.00 29227.00 9818.00 EUR Million [+]
GDP From Manufacturing 34366.00 34294.00 35916.00 18386.00 EUR Million [+]
GDP From Public Administration 50800.00 50736.00 50800.00 17196.00 EUR Million [+]
GDP From Services 211287.00 210402.00 211287.00 67961.00 EUR Million [+]
GDP From Transport 67084.00 66886.00 67084.00 25987.00 EUR Million [+]