Spain Gross Domestic Product Contracts 0.7% in Q4

According to a release by the National Statistics Institute, the Gross Domestic Product generated by the Spanish economy in the fourth quarter 2012 registered a variation of -0.7 percent, as compared to the previous quarter. This rate was four tenths lower than that registered in the previous quarter (-0.3 percent).

The GDP annual variation in the fourth quarter 2012 was -1.8 percent, as compared to the -1.6 percent registered in the third quarter. This result was basically caused by a more negative contribution in the domestic demand, which was compensated partially by a positive contribution of the external demand.

By temporary aggregation of the four quarters, the real growth in GDP in the whole of the year 2012 was estimated at –1.37 percent. 

INE | Nuno Fontes |
1/30/2013 9:19:17 AM