Name: Spain GDP Annual Growth Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Spain,GDP Annual Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2025,2026,2027

The Spanish economy expanded 2.7% year-on-year in the first quarter of 2026, slightly higher than 2.6% in the previous period and in line with the preliminary estimate. GDP Annual Growth Rate in Spain averaged 2.12 percent from 1996 until 2026, reaching an all time high of 19.80 percent in the second quarter of 2021 and a record low of -21.50 percent in the second quarter of 2020. source: National Statistics Institute (INE)

The Gross Domestic Product (GDP) in Spain expanded 2.70 percent in the first quarter of 2026 over the same quarter of the previous year.

The Gross Domestic Product (GDP) in Spain expanded 2.70 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Spain is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain GDP Annual Growth Rate is projected to trend around 2.20 percent in 2027 and 2.10 percent in 2028, according to our econometric models.

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	437288.00	435116.00	EUR Million	Mar 2026
GDP from Agriculture	11644.00	11567.00	EUR Million	Mar 2026
GDP from Construction	23546.00	23446.00	EUR Million	Mar 2026
GDP from Manufacturing	46108.00	45345.00	EUR Million	Mar 2026
GDP from Public Administration	67951.00	64490.00	EUR Million	Mar 2026
GDP from Services	300108.00	297418.00	EUR Million	Mar 2026
GDP from Transport	99079.00	96135.00	EUR Million	Mar 2026
GDP Growth Rate	0.60	0.80	percent	Mar 2026
Gross Fixed Capital Formation	90650.00	90094.00	EUR Million	Mar 2026

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.