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

The Spanish economy grew by 0.7 percent on quarter in the three months to March 2018, the same pace as in the previous period and in line with market expectations, a preliminary estimate showed. On an annual basis, the GDP rose by 2.9 percent in the first quarter, easing from a 3.1 percent increase in the previous period and missing market consensus of 3 percent. It was the weakest annual growth rate in three years. GDP Growth Rate in Spain averaged 0.54 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
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




Spanish Economy Expands 0.7% in Q1


The Spanish economy grew by 0.7 percent on quarter in the three months to March 2018, the same pace as in the previous period and in line with market expectations, a preliminary estimate showed.

It was the 18th straight quarter of solid growth after a five-year financial crisis that ended in 2013.

On an annual basis, the GDP rose by 2.9 percent in the first quarter, easing from a 3.1 percent increase in the previous period and missing market consensus of 3 percent. It was the weakest annual growth rate in three years.


Joana Ferreira | joana.ferreira@tradingeconomics.com
4/27/2018 7:10:47 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-01-30 08:00 AM GDP Growth Rate QoQ Flash 0.7% 0.8% 0.7% 0.7%
2018-03-01 08:00 AM GDP Growth Rate QoQ Final 0.7% 0.7% 0.7% 0.7%
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%
2018-07-31 07:00 AM GDP Growth Rate QoQ Flash 0.6%
2018-09-28 07:00 AM GDP Growth Rate QoQ Final


Spain GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.70 1.60 -1.60 percent [+]
GDP Annual Growth Rate 2.90 3.10 5.60 -4.30 percent [+]
GDP 1232.09 1192.96 1634.99 12.07 USD Billion [+]
GDP Constant Prices 296207.00 292170.00 296207.00 112208.00 EUR Million [+]
Gross Fixed Capital Formation 61277.00 60176.00 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 7925.00 7508.00 7925.00 4136.00 EUR Million [+]
GDP From Construction 15653.00 15306.00 28879.00 9683.00 EUR Million [+]
GDP From Manufacturing 38938.00 38030.00 38938.00 18252.00 EUR Million [+]
GDP From Public Administration 48908.00 48421.00 48908.00 17370.00 EUR Million [+]
GDP From Services 196146.00 194540.00 196146.00 68153.00 EUR Million [+]
GDP From Transport 62881.00 62587.00 62881.00 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 May of 2018.

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




GDP growth rate by Country
Country Last
United States 2.30 Mar/18
India 1.80 Dec/17
Turkey 1.80 Dec/17
China 1.40 Mar/18
Mexico 1.10 Mar/18
South Korea 1.10 Mar/18
Spain 0.70 Mar/18
Switzerland 0.60 Dec/17
Netherlands 0.50 Mar/18
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Euro Area 0.40 Mar/18
France 0.30 Mar/18
Germany 0.30 Mar/18
Italy 0.30 Mar/18
Brazil 0.10 Dec/17
United Kingdom 0.10 Mar/18
Japan -0.20 Mar/18
Russia -0.38 Dec/17
Indonesia -0.42 Mar/18


Related

Latest