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

The Spanish economy advanced 0.9 percent on quarter in the three months to June of 2017, higher than 0.8 percent in the previous period and matching preliminary estimates. It is the strongest expansion in nearly two years, mainly due to higher consumer spending while investment slowed. 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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Spain GDP Growth Confirmed at Near 2-Year High in Q2


The Spanish economy advanced 0.9 percent on quarter in the three months to June of 2017, higher than 0.8 percent in the previous period and matching preliminary estimates. It is the strongest expansion in nearly two years, mainly due to higher consumer spending while investment slowed.

Household consumption increased 0.7 percent, faster than a 0.4 percent gain in the previous period. In contrast, public spending edged up 0.2 percent, below 0.8 percent in the previous period. Gross fixed capital formation  slowed (0.8 percent compared to 2.1 percent in the previous period), mainly due to lower investment in equipment goods (0.5 percent compared to 3.5 percent) and intellectual property prducts (0.5 prercent compared to 2 percent) while investment in construction rose 1.1 percent, the same as in the previous period. Exports went up 0.7 percent, below 3 percent in the previous period while imports fell 0.2 percent, after a 3.1 percent rise. 

On the production side, the services sector rose more (0.8 percent compared to 0.7 percent in the previous period), namely internal trade, transport and accomodation (0.9 percent compared to 0.5 percent) and professional activities (2.1 percent compared to 1.2 percent). The manufacturing sector also expanded at a faster pace (0.8 percent compared to 0.7 percent). On the other hand, construction slowed (1.5 percent compared to 2.9 percent) and agriculture shrank 2.6 percent, following a 2.5 percent rise. 

Year-on-year, the economy advanced 3.1 percent, higher than 3 percent in the previous quarter and matching preliminary estimates. 

INE | Joana Taborda | joana.taborda@tradingeconomics.com
8/24/2017 7:32:53 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-05-25 07:00 AM GDP Growth Rate QoQ Final 0.8% 0.7% 0.8% 0.8%
2017-07-28 07:00 AM GDP Growth Rate QoQ Flash 0.9% 0.8% 0.9% 0.8%
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 0.9% 0.7%
2017-11-30 08:00 AM GDP Growth Rate QoQ Final 0.9% 0.7%


Spain GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 0.80 1.60 -1.60 percent [+]
GDP Annual Growth Rate 3.10 3.00 5.60 -4.30 percent [+]
GDP 1232.09 1192.96 1634.99 12.07 USD Billion [+]
GDP Constant Prices 287262.00 285293.00 287262.00 112208.00 EUR Million [+]
Gross Fixed Capital Formation 57923.00 57238.00 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 6705.00 6637.00 7306.00 4136.00 EUR Million [+]
GDP From Construction 14769.00 14652.00 28879.00 9683.00 EUR Million [+]
GDP From Manufacturing 37071.00 36790.00 37838.00 18252.00 EUR Million [+]
GDP From Public Administration 48152.00 48137.00 48170.00 17370.00 EUR Million [+]
GDP From Services 192239.00 190602.00 192239.00 68153.00 EUR Million [+]
GDP From Transport 61181.00 60500.00 61181.00 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 September of 2017.

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




gdp growth rate by Country

Last
Indonesia 4.00 Jun/17
United States 3.00 Jun/17
Turkey 2.10 Jun/17
China 1.70 Jun/17
India 1.50 Mar/17
Netherlands 1.50 Jun/17
Canada 1.10 Jun/17
Spain 0.90 Jun/17
Australia 0.80 Jun/17
Euro Area 0.60 Jun/17
Germany 0.60 Jun/17
Japan 0.60 Jun/17
Mexico 0.60 Jun/17
South Korea 0.60 Jun/17
France 0.50 Jun/17
Italy 0.40 Jun/17
Switzerland 0.30 Jun/17
United Kingdom 0.30 Jun/17
Brazil 0.20 Jun/17
Russia -0.57 Sep/15