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. source: National Statistics Institute (INE)

The Gross Domestic Product (GDP) in Spain expanded 0.60 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Spain averaged 0.53 percent from 1995 until 2026, reaching an all time high of 15.90 percent in the third quarter of 2020 and a record low of -17.80 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.

The Gross Domestic Product (GDP) in Spain expanded 0.60 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Spain is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain GDP Growth Rate is projected to trend around 0.40 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-26 08:00 AM
QoQ Final
Q4 0.8% 0.6% 0.8% 0.8%
2026-04-30 07:00 AM
QoQ Flash
Q1 0.6% 0.8% 0.5% 0.5%
2026-06-25 07:00 AM
QoQ Final
Q1 0.8% 0.6% 0.6%


Related Last Previous Unit Reference
Full Year GDP Growth 2.80 3.50 percent Dec 2025
GDP Growth Rate YoY 2.70 2.60 percent Mar 2026
GDP Current Prices 434595.00 422344.00 EUR Million Dec 2025
GDP from Agriculture 11579.00 11359.00 EUR Million Dec 2025
GDP from Construction 23468.00 22893.00 EUR Million Dec 2025
GDP from Manufacturing 45427.00 44781.00 EUR Million Dec 2025
GDP from Public Administration 69543.00 65286.00 EUR Million Dec 2025
GDP from Services 297432.00 288931.00 EUR Million Dec 2025
GDP from Transport 96356.00 94467.00 EUR Million Dec 2025
GDP Growth Rate 0.60 0.80 percent Mar 2026
Gross Fixed Capital Formation 90428.00 88241.00 EUR Million Dec 2025


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.
Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.80 15.90 -17.80 1995 - 2026 percent Quarterly
SA

News Stream
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.
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.
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, 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.
2026-01-30