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Spain Q1 GDP Growth Stronger than Expected
Spain’s GDP grew by 0.6% in the first quarter of 2026, more than market expectations of 0.5% and compared with 0.7% in the previous period. Domestic demand remained the main driver, contributing 0.4 pp to growth, while external demand added 0.2 pp. Household consumption rose by 0.6%, while public spending increased by 0.2%. Investment showed only modest momentum, with gross capital formation edging up by 0.1%. On the external side, exports declined by 0.5%, a notable slowdown from the previous quarter, while imports dropped more sharply by 1.2%. From the supply perspective, all major sectors posted positive contributions. Industrial activity grew by 0.4%, with manufacturing accelerating to a 0.5% increase. Construction expanded marginally by 0.1%, losing significant momentum. Services remained solid, though slightly weaker, at 0.7%. Meanwhile, primary sectors rebounded strongly, rising 3.3%. Year-on-year, GDP increased by 2.7%, slightly improving from the previous quarter.
Published on 2026-04-30

Spain Q1 GDP Growth Stronger than Expected
Spain’s GDP grew by 0.6% in the first quarter of 2026, more than market expectations of 0.5% and compared with 0.7% in the previous period. Domestic demand remained the main driver, contributing 0.4 pp to growth, while external demand added 0.2 pp. Household consumption rose by 0.6%, while public spending increased by 0.2%. Investment showed only modest momentum, with gross capital formation edging up by 0.1%. On the external side, exports declined by 0.5%, a notable slowdown from the previous quarter, while imports dropped more sharply by 1.2%. From the supply perspective, all major sectors posted positive contributions. Industrial activity grew by 0.4%, with manufacturing accelerating to a 0.5% increase. Construction expanded marginally by 0.1%, losing significant momentum. Services remained solid, though slightly weaker, at 0.7%. Meanwhile, primary sectors rebounded strongly, rising 3.3%. Year-on-year, GDP increased by 2.7%, slightly improving from the previous quarter.
Published on 2026-04-30

Spain Q1 GDP Growth Stronger than Expected
Spain’s GDP grew by 0.6% in the first quarter of 2026, more than market expectations of 0.5% and compared with 0.7% in the previous period. Domestic demand remained the main driver, contributing 0.4 pp to growth, while external demand added 0.2 pp. Household consumption rose by 0.6%, while public spending increased by 0.2%. Investment showed only modest momentum, with gross capital formation edging up by 0.1%. On the external side, exports declined by 0.5%, a notable slowdown from the previous quarter, while imports dropped more sharply by 1.2%. From the supply perspective, all major sectors posted positive contributions. Industrial activity grew by 0.4%, with manufacturing accelerating to a 0.5% increase. Construction expanded marginally by 0.1%, losing significant momentum. Services remained solid, though slightly weaker, at 0.7%. Meanwhile, primary sectors rebounded strongly, rising 3.3%. Year-on-year, GDP increased by 2.7%, slightly improving from the previous quarter.
Published on 2026-04-30

Spain GDP Growth Confirmed at 0.8% in Q4
Spain’s GDP grew by 0.8% in the fourth quarter of 2025, in line with previous estimates and slightly accelerating from 0.6% in Q3. Growth was mainly driven by domestic demand, which contributed 0.9 percentage points, while external demand slightly reduced growth by -0.1 points. Household consumption rose by 0.9% and public spending by 0.2%, while investment (gross capital formation) increased notably by 1.9%. Exports grew 0.8%, improving significantly from the prior quarter, whereas imports rose 1.2%. On the supply side, all major sectors showed stable or positive performance. Industry grew 0.3%, though manufacturing slowed to 0.1%. Construction was the strongest sector, expanding by 2.2%, and services increased by 0.9%. Primary sectors remained flat after a previous decline. Year-on-year, GDP rose by 2.7%, maintaining the same pace as the previous quarter.
Published on 2026-03-26

Spain GDP Growth Above Forecasts
Spain’s economy grew by a strong 0.8% quarter on quarter in the final three months of 2025, marking its fastest pace of growth in a year and accelerating from 0.6% in the previous quarter. The result also beat market expectations, which had pointed to a more modest 0.6% expansion. The data highlight Spain’s resilience at a time when global trade tensions, reignited by Donald Trump, have been weighing on other economies. On an annual basis, GDP rose 2.6%, slightly slower than the 2.7% recorded in the third quarter and just below forecasts of 2.7%, suggesting some moderation but still solid momentum. For the whole of 2025, the economy expanded by 2.8%, clearly outperforming most Euro Area peers. This continued outperformance has been supported by a booming tourism sector, favourable energy conditions and strong household spending, with domestic consumption once again playing a central role in driving growth.
Published on 2026-01-30

Spain GDP Growth Above Forecasts
Spain’s economy grew by a strong 0.8% quarter on quarter in the final three months of 2025, marking its fastest pace of growth in a year and accelerating from 0.6% in the previous quarter, preliminary estimates showed. The result also beat market expectations, which had pointed to a more modest 0.6% expansion. The data highlight Spain’s resilience at a time when global trade tensions, reignited by Donald Trump, have been weighing on other economies. On an annual basis, GDP rose 2.6%, slightly slower than the 2.7% recorded in the third quarter and just below forecasts of 2.7%, suggesting some moderation but still solid momentum. For the whole of 2025, the economy expanded by 2.8%, clearly outperforming most Euro Area peers. This continued outperformance has been supported by a booming tourism sector, favourable energy conditions and strong household spending, with domestic consumption once again playing a central role in driving growth.
Published on 2026-01-30

Spain GDP Growth Above Forecasts
Spain’s economy grew by a strong 0.8% quarter on quarter in the final three months of 2025, marking its fastest pace of growth in a year and accelerating from 0.6% in the previous quarter, preliminary estimates showed. The result also beat market expectations, which had pointed to a more modest 0.6% expansion. The data highlight Spain’s resilience at a time when global trade tensions, reignited by Donald Trump, have been weighing on other economies. On an annual basis, GDP rose 2.6%, slightly slower than the 2.7% recorded in the third quarter and just below forecasts of 2.7%, suggesting some moderation but still solid momentum. For the whole of 2025, the economy expanded by 2.8%, clearly outperforming most Euro Area peers. This continued outperformance has been supported by a booming tourism sector, favourable energy conditions and strong household spending, with domestic consumption once again playing a central role in driving growth.
Published on 2026-01-30

Spain GDP Growth Above Forecasts
Spain’s economy grew by a strong 0.8% quarter on quarter in the final three months of 2025, marking its fastest pace of growth in a year and accelerating from 0.6% in the previous quarter. The result also beat market expectations, which had pointed to a more modest 0.6% expansion. The data highlight Spain’s resilience at a time when global trade tensions, reignited by Donald Trump, have been weighing on other economies. On an annual basis, GDP rose 2.6%, slightly slower than the 2.8% recorded in the third quarter and just below forecasts of 2.7%, suggesting some moderation but still solid momentum. For the whole of 2025, the economy expanded by 2.8%, clearly outperforming most Euro Area peers. This continued outperformance has been supported by a booming tourism sector, favourable energy conditions and strong household spending, with domestic consumption once again playing a central role in driving growth.
Published on 2026-01-30

Spain GDP Growth Confirmed at 0.6% in Q3
Spain’s gross domestic product grew 0.6% quarter-on-quarter in Q3 2025, easing from a downwardly revised 0.7% expansion in Q2, in line with preliminary estimates. External trade contributed negatively to growth, as exports declined (-0.6% vs 1.4% in Q2) and imports increased (1.3% vs 2%). On the other hand, household consumption (1.1% vs 0.8%), public investment (1.3% vs flat reading), and fixed investment (2.1% vs 1.8%) rose faster. Q3 figures confirm Spain’s continued outperformance within the Euro Area, underpinned by sustained strength in tourism, favorable energy dynamics, and firm domestic consumption.
Published on 2025-12-23

Spain GDP Growth Remains Robust
The Spanish economy grew 0.6% quarter-on-quarter in the three months to September 2025, easing from 0.8% in the previous quarter and in line with expectations, according to preliminary estimates. Domestic demand was the main driver of growth, contributing 1.2 percentage points, while external demand subtracted 0.6 points. Among demand components, household consumption increased 1.2%, government spending rose 1.1%, and investment expanded 1.7%. Meanwhile, exports of goods and services fell 0.6%, and imports advanced 1.1%. On the supply side, industrial output grew 0.5%, led by a 0.6% rise in manufacturing. Construction and services activity each expanded 0.8%, while the primary sector contracted 0.4%. Year-on-year, GDP increased 2.8%, slightly below 3.1% in the second quarter and close to market expectations of 3.0%.
Published on 2025-10-29

Spain GDP Growth Remains Robust
The Spanish economy grew 0.6% quarter-on-quarter in Q3 2025, easing from 0.8% in Q2 and in line with expectations, according to preliminary estimates. Domestic demand was the main driver of growth, contributing 1.2 percentage points, while external demand subtracted 0.6 points. Among demand components, household consumption increased 1.2%, government spending rose 1.1%, and investment expanded 1.7%. Meanwhile, exports of goods and services fell 0.6%, and imports advanced 1.1%. On the supply side, industrial output grew 0.5%, led by a 0.6% rise in manufacturing. Construction and services activity each expanded 0.8%, while the primary sector contracted 0.4%. Year-on-year, GDP increased 2.8%, slightly below 3.1% in the second quarter and close to market expectations of 3.0%. Q3 figures confirm Spain’s continued outperformance within the euro area, underpinned by sustained strength in tourism, favorable energy dynamics, and firm domestic consumption.
Published on 2025-10-29

Spain GDP Growth Remains Robust
The Spanish economy grew 0.6% quarter-on-quarter in Q3 2025, easing from 0.8% in Q2 and in line with expectations, according to preliminary estimates. Domestic demand was the main driver of growth, contributing 1.2 percentage points, while external demand subtracted 0.6 points. Among demand components, household consumption increased 1.2%, government spending rose 1.1%, and investment expanded 1.7%. Meanwhile, exports of goods and services fell 0.6%, and imports advanced 1.1%. On the supply side, industrial output grew 0.5%, led by a 0.6% rise in manufacturing. Construction and services activity each expanded 0.8%, while the primary sector contracted 0.4%. Year-on-year, GDP increased 2.8%, slightly below 3.1% in the second quarter and close to market expectations of 3.0%. Q3 figures confirm Spain’s continued outperformance within the euro area, underpinned by sustained strength in tourism, favorable energy dynamics, and firm domestic consumption.
Published on 2025-10-29

Spain Q2 GDP Growth Revised Higher
The Spanish economy grew 0.8% quarter-on-quarter in the three months to June 2025, up from a preliminary estimate of 0.7% and marking the strongest expansion in a year, following a 0.6% rise in the first quarter. Domestic demand contributed 0.8 percentage points to growth, while external demand made virtually no contribution. Household spending advanced 0.8% (vs 0.5% in Q1), investment surged 1.8% (vs 0.3%), and government consumption edged up 0.1% (vs 0.2%). Exports rose 1.3% (vs 2.4%), while imports increased 1.6% (vs 2%). On the supply side, all major sectors expanded except the primary sector, which contracted 6.4%. Industrial output grew 0.9% (vs 1.5%), supported by a 1.0% increase in manufacturing. Services climbed 1.0% (vs 0.4%) and construction jumped 2.3% (vs 0.3%). Year-on-year, GDP rose 3.1%, above the preliminary estimate of 2.8% and compared to an upwardly revised 3.2% gain recorded in the previous quarter. The Spanish economy is expected to grow around 2.7% in 2025.
Published on 2025-09-26

Spain Q2 GDP Growth Revised Higher
The Spanish economy grew 0.8% quarter-on-quarter in the three months to June 2025, up from a preliminary estimate of 0.7% and marking the strongest expansion in a year, following a 0.6% rise in the first quarter. Domestic demand contributed 0.8 percentage points to growth, while external demand made virtually no contribution. Household spending advanced 0.8% (vs 0.5% in Q1), investment surged 1.8% (vs 0.3%), and government consumption edged up 0.1% (vs 0.2%). Exports rose 1.3% (vs 2.4%), while imports increased 1.6% (vs 2%). On the supply side, all major sectors expanded except the primary sector, which contracted 6.4%. Industrial output grew 0.9% (vs 1.5%), supported by a 1.0% increase in manufacturing. Services climbed 1.0% (vs 0.4%) and construction jumped 2.3% (vs 0.3%). Year-on-year, GDP rose 3.1%, above both the preliminary estimate of 2.8% and the 2.8% gain recorded in the previous quarter.
Published on 2025-09-26

Spain Q2 GDP Growth Revised Higher
The Spanish economy grew 0.8% quarter-on-quarter in the three months to June 2025, up from a preliminary estimate of 0.7% and marking the strongest expansion in a year, following a 0.6% rise in the first quarter. Domestic demand contributed 0.8 percentage points to growth, while external demand made virtually no contribution. Household spending advanced 0.8% (vs 0.5% in Q1), investment surged 1.8% (vs 0.3%), and government consumption edged up 0.1% (vs 0.2%). Exports rose 1.3% (vs 2.4%), while imports increased 1.6% (vs 2%). On the supply side, all major sectors expanded except the primary sector, which contracted 6.4%. Industrial output grew 0.9% (vs 1.5%), supported by a 1.0% increase in manufacturing. Services climbed 1.0% (vs 0.4%) and construction jumped 2.3% (vs 0.3%). Year-on-year, GDP rose 3.1%, above both the preliminary estimate of 2.8% and the 2.8% gain recorded in the previous quarter. The economy is expected to grow around 2.7% in 2025.
Published on 2025-09-26

Spain GDP Growth Remains Robust
The Spanish economy grew by 0.7% quarter-on-quarter in the three months to June 2025, slightly above the 0.6% expansion in the previous quarter and beating market expectations of 0.6%, according to preliminary estimates. Domestic demand contributed 0.9 percentage points to growth, offsetting a 0.1 percentage point drag from the external sector. Household spending increased by 0.8%, while gross fixed capital formation surged by 2.1%. In contrast, government expenditure declined by 0.1%. On the external front, exports rose by 1.1%, while imports climbed 1.7%. On the production side, industrial output grew by 0.8%, driven by a 1.1% increase in manufacturing. The services sector expanded by 1.2%, and construction activity rose by 1.5%. However, the primary sector contracted sharply, falling by 9.5%. On an annual basis, the Spanish economy expanded by 2.8%, matching the growth rate from the previous quarter and exceeding expectations of a 2.5% increase.
Published on 2025-07-29

Spain GDP Growth Remains Robust
The Spanish economy grew by 0.7% quarter-on-quarter in the three months to June 2025, slightly above the 0.6% expansion in the previous quarter and beating market expectations of 0.6%, according to preliminary estimates. Domestic demand contributed 0.9 percentage points to growth, offsetting a 0.1 percentage point drag from the external sector. Household spending increased by 0.8%, while gross fixed capital formation surged by 2.1%. In contrast, government expenditure declined by 0.1%. On the external front, exports rose by 1.1%, while imports climbed 1.7%. On the production side, industrial output grew by 0.8%, driven by a 1.1% increase in manufacturing. The services sector expanded by 1.2%, and construction activity rose by 1.5%. However, the primary sector contracted sharply, falling by 9.5%. On an annual basis, the Spanish economy expanded by 2.8%, matching the growth rate from the previous quarter and exceeding expectations of a 2.5% increase.
Published on 2025-07-29

Spain GDP Growth Confirmed at 0.6% in Q1
The Spanish economy grew by 0.6% quarter-on-quarter in the first three months of 2025, matching the preliminary estimate but slightly below the 0.7% expansion recorded in the previous quarter. Domestic demand contributed 0.5 percentage points to growth, while external demand added 0.1 points. On the expenditure side, household consumption increased by 0.6% and gross fixed capital formation rose by 0.9%. Exports grew by 1.7% and imports increased by 1.6% while government consumption shrank 0.4%. On the production side, the industrial sector jumped 1%, of which manufacturing grew 0.8%. In addition, services rose 0.2%, construction went up 0.4% and the primary sector soared 8.2%. Year-on-year, the GDP grew 2.8%, matching the preliminary estimate, and below 3.3% in Q4 2024.
Published on 2025-06-25

Spain GDP Grows the Least in 7 Quarters
Spain’s economy expanded by 0.6% in Q1 2025, the weakest growth in seven quarters and slightly below market expectations of 0.7%, following a downwardly revised 0.7% rise in Q4. Despite the slowdown, Spain remains one of the Eurozone’s strongest performers, with the IMF recently upgrading its 2025 growth forecast to 2.5%. However, a widespread blackout on Monday may weigh on second-quarter growth, with economists warning it could shave up to 0.5 percentage points from GDP, though much of that may be recovered as power is restored. In Q1, domestic demand contributed 0.4 percentage points to growth, while external demand added 0.2. Household consumption rose 0.4%, public spending increased 0.2%, and investment grew 0.6%. Exports advanced 1% while imports declined 0.7%. All major sectors posted gains: industry grew 1.1%, manufacturing rose 0.8%, construction increased 0.4%, services expanded 0.3%, and primary industries surged 7.1% after a 0.7% decline in Q4. Year-on-year, GDP rose 2.8%.
Published on 2025-04-29

Spain Q4 GDP Growth Rate Confirmed at 0.8%
The Spanish economy rose by 0.8% quarter-on-quarter in the final three months of 2024, in line with preliminary estimates and the same as in Q3. Domestic demand contributed 1.2 points, while external demand subtracted 0.4 points. Household consumption rose by 1%, and public spending increased by 0.3%. Investment grew by 2.9%. Exports increased by 0.1%, while imports rose by 1.4%. All major sectors, except primary industries, saw positive growth. Industry grew by 0.3%, with manufacturing accelerating to 0.5%. Construction increased by 2.7%, while services maintained 1.0% growth. Primary industries declined by 0.7% after a 1.4% increase in the previous quarter. On a yearly basis, GDP increased by 3.4%, slightly less than earlier estimates of 3.5%. For the full year 2024, Spain’s economy expanded by 3.2%, outperforming other Eurozone peers.
Published on 2025-03-26