Spain GDP Growth Rate  1995-2018 | Data | Chart | Calendar | Forecast

The Spanish economy grew by 0.6 percent on quarter in the three months to June 2018, in line with the preliminary estimate and following a downwardly revised 0.6 percent expansion in the previous period. Fixed investment rose sharply while household consumption increased at a slower pace and net external demand contributed negatively to GDP growth. GDP Growth Rate in Spain averaged 0.55 percent from 1995 until 2018, 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
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Spain Q2 GDP Growth Confirmed at 0.6%


The Spanish economy grew by 0.6 percent on quarter in the three months to June 2018, in line with the preliminary estimate and following a downwardly revised 0.6 percent expansion in the previous period.

On the expenditure side, gross fixed capital formation increased 3.5 percent in the second quarter after a 1.1 percent rise in the previous period, boosted by investment in tangible fixed assets (4 percent vs 1.2 percent in Q1), in particular construction (2.2 percent vs 2.1 percent), machinery, equipment, weapon system and biological resources (6.5 percent vs -0.1 percent). In addition, investment in intellectual property products continued to grow (0.6 percent vs 0.9 percent).

On the other hand, household consumption growth eased to a meager 0.1 percent in the three months to June from a strong 0.9 percent in the previous period; and government spending expansion also slowed to 0.1 percent from 0.8 percent. Net external demand contributed negatively to GDP growth as imports jumped 1 percent (vs 1.7 percent in Q1) and exports rose at a softer 0.2 percent (vs 0.6 percent in Q1).

On the production side, output growth slowed for: service sector activities (0.5 percent vs 0.6 percent); construction (1.8 percent vs 2 percent); and agriculture (0.3 percent vs 0.9 percent). Industry output rebounded 0.7 percent in the second quarter (vs -0.3 percent in Q1), driven by manufacturing (1 percent vs -0.3 percent).

On an annual basis, the economy grew by 2.5 percent in the second quarter, below a preliminary estimate of 2.7 percent and the previous period's revised figure of 2.8 percent.


INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/28/2018 12:15:28 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-31 07:00 AM GDP Growth Rate QoQ Final 0.7% 0.7% 0.7% 0.7%
2018-07-31 07:00 AM GDP Growth Rate QoQ Flash 0.6% 0.7% 0.6% 0.6%
2018-09-28 07:00 AM GDP Growth Rate QoQ Final 0.6% 0.6% 0.6% 0.6%
2018-10-31 08:00 AM GDP Growth Rate QoQ Flash 0.6% 0.6%
2018-12-28 08:00 AM GDP Growth Rate QoQ Final 0.6%


Spain GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.60 1.60 -1.60 percent [+]
GDP Annual Growth Rate 2.50 2.80 5.60 -4.30 percent [+]
GDP 1311.32 1237.26 1635.02 12.07 USD Billion [+]
GDP Constant Prices 299267.00 298023.00 299267.00 112208.00 EUR Million [+]
Gross Fixed Capital Formation 63383.00 61680.00 85511.00 24923.00 EUR Million [+]
GDP per capita 32405.75 31505.61 32459.92 7359.97 USD [+]
GDP per capita PPP 34272.36 33320.37 34329.65 23758.73 USD [+]
GDP From Agriculture 8049.00 8088.00 8088.00 4136.00 EUR Million [+]
GDP From Construction 16276.00 16045.00 28879.00 9683.00 EUR Million [+]
GDP From Manufacturing 39353.00 38767.00 39353.00 18252.00 EUR Million [+]
GDP From Public Administration 49137.00 49103.00 49137.00 17370.00 EUR Million [+]
GDP From Services 197230.00 197451.00 197451.00 68153.00 EUR Million [+]
GDP From Transport 63834.00 63169.00 63834.00 26080.00 EUR Million [+]


Spain GDP Growth Rate

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. 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. 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.60 1.60 -1.60 1995 - 2018 percent Quarterly




GDP growth rate by Country
Country Last
Singapore 4.70 Sep/18
Indonesia 4.21 Jun/18
United States 4.20 Jun/18
India 1.90 Jun/18
China 1.60 Sep/18
Australia 0.90 Jun/18
Russia 0.90 Jun/18
Turkey 0.90 Jun/18
Netherlands 0.80 Jun/18
Canada 0.70 Jun/18
Japan 0.70 Jun/18
Switzerland 0.70 Jun/18
South Korea 0.60 Jun/18
Spain 0.60 Jun/18
Germany 0.50 Jun/18
Euro Area 0.40 Jun/18
United Kingdom 0.40 Jun/18
Brazil 0.20 Jun/18
France 0.20 Jun/18
Italy 0.20 Jun/18
Saudi Arabia -0.05 Mar/18
Mexico -0.20 Jun/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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