Spain GDP Annual Growth Rate

Spain's economy grew by 2.3 percent on an annual basis in the three months to December 2019, below a flash estimate of 2.4 percent, and down from a revised 2.5 percent in the third quarter. This was the weakest growth rate since the last quarter of 2014. Considering 2018 full year, the economy grew 2.6 percent, compared to a 3.0 percent expansion in 2017. Spain's Government forecasts 2019 GDP growth at 2.2 percent. GDP Annual Growth Rate in Spain averaged 2.22 percent from 1996 until 2018, reaching an all time high of 5.60 percent in the first quarter of 2000 and a record low of -4.30 percent in the second quarter of 2009.

GDP Annual Growth Rate in Spain is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Spain to stand at 2.10 in 12 months time. In the long-term, the Spain GDP Annual Growth Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-10-31	08:00 AM	GDP Growth Rate YoY Flash	2.5%	2.5%	2.5%	2.7%
2018-12-28	08:00 AM	GDP Growth Rate YoY Final	2.4%	2.5%	2.5%	2.5%
2019-01-31	08:00 AM	GDP Growth Rate YoY Flash	2.4%	2.4%	2.3%	2.4%
2019-03-29	08:00 AM	GDP Growth Rate YoY Final	2.3%	2.5%	2.4%	2.4%
2019-04-30	07:00 AM	GDP Growth Rate YoY Flash		2.3%		2.3%
2019-06-28	07:00 AM	GDP Growth Rate YoY Final		2.3%		2.3%
2019-07-31	07:00 AM	GDP Growth Rate YoY Flash				2.2%

Spain GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	0.60	0.50	1.60	-1.60	percent	[+]
GDP Annual Growth Rate	2.30	2.50	5.60	-4.30	percent	[+]
GDP	1311.32	1237.26	1635.02	12.07	USD Billion	[+]
GDP Constant Prices	306236.00	303220.00	306236.00	112208.00	EUR Million	[+]
Gross Fixed Capital Formation	65288.00	64965.00	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	7982.00	7636.00	8220.00	4136.00	EUR Million	[+]
GDP From Construction	18390.00	17946.00	28879.00	9683.00	EUR Million	[+]
GDP From Manufacturing	38008.00	38239.00	38468.00	18252.00	EUR Million	[+]
GDP From Public Administration	49963.00	49506.00	49963.00	17370.00	EUR Million	[+]
GDP From Services	202156.00	199899.00	202156.00	68153.00	EUR Million	[+]
GDP From Transport	66054.00	65273.00	66054.00	26080.00	EUR Million	[+]

Spain GDP Annual Growth Rate

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. This page provides the latest reported value for - Spain GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on April of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	2.30	2.50	5.60	-4.30	1996 - 2018	percent	Quarterly

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Country	Last		Previous	Range
India	6.60	Dec/18	7	11.4 : -5.2	%
China	6.40	Mar/19	6.4	15.4 : 3.8	%
Indonesia	5.18	Dec/18	5.17	7.16 : 1.56	%
Saudi Arabia	3.60	Dec/18	2.5	24.2 : -20.7	%
South Korea	3.10	Dec/18	2	20.8 : -7.3	%
United States	3.00	Dec/18	3	13.4 : -3.9	%
Russia	2.70	Dec/18	2.2	12.1 : -11.2	%
Australia	2.30	Dec/18	2.7	9 : -3.4	%
Spain	2.30	Dec/18	2.5	5.6 : -4.3	%
Netherlands	2.20	Dec/18	2.4	6.1 : -4.6	%
Mexico	1.70	Dec/18	2.5	9 : -9.1	%
Canada	1.60	Dec/18	1.9	9.3 : -4.1	%
Switzerland	1.40	Dec/18	2.4	5.8 : -3.7	%
United Kingdom	1.40	Dec/18	1.6	9.7 : -6.1	%
Singapore	1.30	Mar/19	1.9	19 : -8.8	%
Brazil	1.10	Dec/18	1.3	10.1 : -5.5	%
Euro Area	1.10	Dec/18	1.6	5 : -5.5	%
South Africa	1.10	Dec/18	1.3	7.1 : -2.6	%
France	1.00	Dec/18	1.4	12.6 : -3.8	%
Germany	0.60	Dec/18	1.1	7.2 : -6.8	%
Japan	0.30	Dec/18	0.1	9.4 : -8.8	%
Italy	0.00	Dec/18	0.6	10.3 : -7.2	%
Turkey	-3.00	Dec/18	1.8	11.7 : -14.4	%
Argentina	-6.20	Dec/18	-3.7	16.2 : -16.3	%