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

The Spanish economy advanced by 0.8 percent on quarter in the three months to September 2017, in line with the preliminary estimate and following a 0.9 percent expansion in the previous period. Net external demand had no contribution to growth, while fixed investment rose at a faster pace and household consumption remained solid. On an annual basis, the economy grew by 3.1 percent in the third quarter, unchanged from the previous period and in line with earlier estimates. GDP Growth Rate in Spain averaged 0.54 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
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Spanish Q3 GDP Growth Rate Confirmed at 0.8%


The Spanish economy advanced by 0.8 percent on quarter in the three months to September 2017, in line with the preliminary estimate and following a 0.9 percent expansion in the previous period. Net external demand had no contribution to growth, while fixed investment rose at a faster pace and household consumption remained solid.

It was the 16th straight quarter of growth after a five-year financial crisis that ended in 2013.

Net external demand made no contribution to growth as both exports and imports were unchanged from the previous period. In the second quarter, it had contributed positively, with exports rising 0.1 percent and imports falling 0.7 percent.

Gross fixed capital formation increased 1.3 percent after a 0.6 percent gain in the second quarter, mainly boosted by stronger investment in equipment goods (2.5 percent from -0.1 percent in Q2) and intellectual property prducts (1.9 percent from 0.8 percent) while investment in construction rose at a softer pace (0.3 percent from 1 percent). Household consumption grew 0.7 percent, the same as in the previous period; and government spending rose 0.4 percent, also unchanged from the second quarter.

On the production side, services sector growth was steady at 0.8 percent while industry output expanded at softer rate (0.4 percent from 0.9 percent in Q2). Also construction output rose 1.1 percent, the same as in Q2; and agriculture advanced 1.2 percent, after showing no growth in the previous period.

On an annual basis, the economy grew by 3.1 percent in the third quarter, unchanged from the previous period and in line with earlier estimates.

INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/30/2017 8:39:31 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-08-24 07:00 AM GDP Growth Rate QoQ Final 0.9% 0.8% 0.9% 0.9%
2017-10-30 08:00 AM GDP Growth Rate QoQ Flash 0.8% 0.9% 0.9% 0.8%
2017-11-30 08:00 AM GDP Growth Rate QoQ Final 0.8% 0.9% 0.8% 0.8%
2018-01-30 08:00 AM GDP Growth Rate QoQ Flash 0.8%
2018-03-02 08:00 AM GDP Growth Rate QoQ Final 0.8%
2018-04-28 07:00 AM GDP Growth Rate QoQ Flash


Spain GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.90 1.60 -1.60 percent [+]
GDP Annual Growth Rate 3.10 3.10 5.60 -4.30 percent [+]
GDP 1232.09 1192.96 1634.99 12.07 USD Billion [+]
GDP Constant Prices 292541.00 287262.00 292541.00 112208.00 EUR Million [+]
Gross Fixed Capital Formation 60079.00 57923.00 85511.00 24923.00 EUR Million [+]
GDP per capita 31449.55 30461.36 32459.92 7359.96 USD [+]
GDP per capita PPP 33261.08 32215.97 34329.65 23758.76 USD [+]
GDP From Agriculture 7673.00 6705.00 7673.00 4136.00 EUR Million [+]
GDP From Construction 15234.00 14769.00 28879.00 9683.00 EUR Million [+]
GDP From Manufacturing 37993.00 37071.00 37993.00 18252.00 EUR Million [+]
GDP From Public Administration 48233.00 48152.00 48233.00 17370.00 EUR Million [+]
GDP From Services 194554.00 192239.00 194554.00 68153.00 EUR Million [+]
GDP From Transport 62767.00 61181.00 62767.00 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. 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.90 1.60 -1.60 1995 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
United States 3.30 Sep/17
Indonesia 3.18 Sep/17
China 1.70 Sep/17
South Korea 1.50 Sep/17
India 1.40 Jun/17
Turkey 1.20 Sep/17
Russia 1.08 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Australia 0.60 Sep/17
Euro Area 0.60 Sep/17
Japan 0.60 Sep/17
Switzerland 0.60 Sep/17
France 0.50 Sep/17
Canada 0.40 Sep/17
Italy 0.40 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Brazil 0.10 Sep/17
Mexico -0.30 Sep/17