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

The Spanish economy grew 0.6 percent on quarter in the three months to June 2018, easing from a 0.7 percent expansion in the previous period and below market expectations of 0.7 percent, the preliminary figure showed. It was the lowest growth rate since the second quarter of 2014. 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 GDP Growth Weakest Since 2014


The Spanish economy grew 0.6 percent on quarter in the three months to June 2018, easing from a 0.7 percent expansion in the previous period and below market expectations of 0.7 percent, the preliminary figure showed. It was the lowest growth rate since the second quarter of 2014.

Year-on-year, the GDP expanded by 2.7 percent in the second quarter of the year, slowing from a 2.8 percent increase in the previous period and missing market forecasts of 2.8 percent. It was the weakest annual growth rate in nearly four years. According to preliminary estimates domestic demand made the biggest contribution (2.9 percentage points), higher than the previous quarter (2.8 percentage points in Q1). Meantime, the external demand had a negative contribution of 0.2 percentage points, after adding 0.2 percentage points in the prior period.


INE | Stefanie Moya | stefanie.moya@tradingeconomics.com
7/31/2018 7:33:32 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-04-27 07:00 AM GDP Growth Rate QoQ Flash 0.7% 0.7% 0.7% 0.7%
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% 0.7% 0.6%
2018-09-28 07:00 AM GDP Growth Rate QoQ Final 0.7%
2018-10-31 08:00 AM GDP Growth Rate QoQ Flash 0.6%
2018-12-28 08:00 AM GDP Growth Rate QoQ Final


Spain GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.70 1.60 -1.60 percent [+]
GDP Annual Growth Rate 2.70 3.00 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. 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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.70 1.60 -1.60 1995 - 2018 percent Quarterly




GDP growth rate by Country
Country Last
Indonesia 4.21 Jun/18
United States 4.10 Jun/18
Turkey 2.00 Mar/18
India 1.90 Mar/18
China 1.80 Jun/18
Australia 1.00 Mar/18
Russia 0.85 Mar/18
Netherlands 0.70 Jun/18
South Korea 0.70 Jun/18
Spain 0.60 Jun/18
Switzerland 0.60 Mar/18
Germany 0.50 Jun/18
Japan 0.50 Jun/18
Brazil 0.40 Mar/18
Euro Area 0.40 Jun/18
United Kingdom 0.40 Jun/18
Canada 0.30 Mar/18
France 0.20 Jun/18
Italy 0.20 Jun/18
Mexico -0.10 Jun/18


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