The Spanish economy rose 2.7% from a year earlier in the fourth quarter of 2022, the least in almost two years, but topping market forecasts of 2.2%. Considering the full year of 2022, the Spanish economy grew by 5.5%, preliminary estimates showed. source: National Statistics Institute (INE)
GDP Annual Growth Rate in Spain averaged 1.95 percent from 1996 until 2022, reaching an all time high of 17.90 percent in the second quarter of 2021 and a record low of -21.90 percent in the second quarter of 2020. This page provides the latest reported value for - Spain GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
GDP Annual Growth Rate in Spain is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain GDP Annual Growth Rate is projected to trend around 1.80 percent in 2024 and 2.00 percent in 2025, according to our econometric models.