Spain GDP Growth Rate  1995-2017 | Data | Chart | Calendar | Forecast

The Spanish economy grew by 0.8 percent on quarter in the three months to March of 2017, matching the flash estimate and following a 0.7 percent expansion in the fourth quarter. Fixed investment, government spending and exports were the main drivers of growth while household consumption advanced at a slower pace. On an annual basis the economy grew by 3 percent, also in line with preliminary figures. GDP Growth Rate in Spain averaged 0.53 percent from 1995 until 2017, reaching an all time high of 1.60 percent in the first quarter of 2000 and a record low of -1.60 percent in the first quarter of 2009.

Spain GDP Growth Rate
Receive the next reported value for Spain GDP Growth Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website
Calendar GMT Actual Previous Consensus Forecast (i)
2017-03-02 08:00 AM Q4 0.7% 0.7% 0.7% 0.7%
2017-04-28 07:00 AM Q1 0.8% 0.7% 0.7% 0.6%
2017-05-25 07:00 AM Q1 0.8% 0.7% 0.8% 0.8%
2017-07-28 07:00 AM Q2 0.8% 0.8%
2017-08-24 07:00 AM Q2 0.8% 0.8%
2017-10-30 08:00 AM Q3 0.7%




Spanish Q1 GDP Growth Confirmed At 0.8%


The Spanish economy grew by 0.8 percent on quarter in the three months to March of 2017, matching the flash estimate and following a 0.7 percent expansion in the fourth quarter. Fixed investment, government spending and exports were the main drivers of growth while household consumption advanced at a slower pace.

It was the 14th straight quarter of growth, after a five-year financial crisis that ended in 2013.

Gross fixed capital formation jumped 2 percent (0.5 percent in Q4 2016), boosted by strong investment in capital goods (3 percent after showing no growth in Q4), intellectual property (2.4 percent from 1.5 percent in Q4) and construction (1.1 percent from 0.7 percent in Q4). Also, government spending advanced 0.3 percent after falling by 0.2 percent in Q4, and private consumption went up 0.4 percent, easing from a 0.7 percent gain in the previous period. Net external demand contributed positively, as exports grew 4 percent (2 percent in Q4) while imports increased at a slower 3.8 percent (1.8 percent in Q4).

On the production side, the service sector expanded by 0.7 percent (0.5 percent in Q4), boosted by a rebound in financial and insurance activities (4.2 percent from -1.5 percent in Q4), and a further increase in information and communications (1.3 percent from 0.9 percent), real estate (0.6 percent from 0.5 percent) and public administration, health and education (0.3 percent from 0.2 percent). Industry output grew by 0.4 percent (1.3 percent in Q4), as manufacturing production rose by 0.6 percent (0.7 percent in Q4). Agriculture advanced by 2.2 percent after increasing by 3.8 percent in Q4.

On an annual basis, the economy grew by 3 percent in the first quarter, unchanged from the rate in the previous period and also in line with the preliminary estimate. Fixed investment expanded by 3.8 percent (2.2 percent in Q4); private consumption grew by 2.5 percent (3 percent in Q4); government spending edged up 0.1 percent (flat reading in Q4); and net external demand contributed positively, as exports jumped 8.4 percent (4.4 percent in Q4) and imports went up at a slower 6.4 percent (2.3 percent in Q4).

The economy grew 3.2 percent in 2016 and is expected to expand by 2.7 percent this year.

INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/25/2017 8:00:10 AM



Spain GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.70 1.60 -1.60 percent [+]
GDP Annual Growth Rate 3.00 3.00 5.60 -4.30 percent [+]
GDP 1192.90 1375.80 1634.99 12.07 USD Billion [+]
GDP Constant Prices 285293.00 282790.00 285293.00 112208.00 EUR Million [+]
Gross Fixed Capital Formation 57238.00 56164.00 85511.00 24923.00 EUR Million [+]
GDP per capita 30465.60 29496.20 32461.85 7360.40 USD [+]
GDP per capita PPP 32218.54 31193.33 34329.65 23758.76 USD [+]
GDP From Agriculture 6637.00 6937.00 7306.00 4136.00 EUR Million [+]
GDP From Construction 14652.00 14398.00 28879.00 9683.00 EUR Million [+]
GDP From Manufacturing 36790.00 36270.00 37838.00 18252.00 EUR Million [+]
GDP From Public Administration 48137.00 48170.00 48170.00 17370.00 EUR Million [+]
GDP From Services 190602.00 189427.00 190602.00 68153.00 EUR Million [+]
GDP From Transport 60500.00 60171.00 60500.00 26080.00 EUR Million [+]


Spain GDP Growth Rate Notes

Spain is the fourth largest economy in the Euro Zone and the fifth biggest economy in the European Union. The country has a strong and diverse manufacturing industry and is one of the biggest tourist destinations in the world. However, in the third quarter of 2008, following the burst of a housing market bubble the country plunged into recession and has only starting to recover in the middle of 2013. The economic crisis gave rise to very high losses in output and employment, as nearly one quarter of the active population has been unemployed for the last 5 years. On the expenditure side, household consumption is the main component of GDP accounting for 58 percent of its total use, followed by gross fixed capital formation (20 percent) and government expenditure (19 percent). Within investments, tangible fixed assets accounts for 16 percent of GDP; construction for 10 percent; capital goods for 7 percent; and intellectual property products for 3 percent. Exports of goods and services account for 33 percent of GDP while imports account for 30 percent, adding 3 percent of total GDP. This page provides the latest reported value for - Spain GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.70 1.60 -1.60 1995 - 2017 percent Quarterly



gdp growth rate by Country

Last
India 1.50 Mar/17
Turkey 1.40 Mar/17
China 1.30 Mar/17
United States 1.20 Mar/17
South Korea 1.10 Mar/17
Brazil 1.00 Mar/17
Canada 0.90 Mar/17
Spain 0.80 Mar/17
Mexico 0.70 Mar/17
Euro Area 0.60 Mar/17
Germany 0.60 Mar/17
France 0.50 Mar/17
Italy 0.40 Mar/17
Netherlands 0.40 Mar/17
Australia 0.30 Mar/17
Japan 0.30 Mar/17
Switzerland 0.30 Mar/17
United Kingdom 0.20 Mar/17
Indonesia -0.34 Mar/17
Russia -0.57 Sep/15