Spain's economy grew by 2.7 percent year-on-year in the third quarter of 2021, easing sharply from a record 17.5 percent expansion in the previous three-month period and missing market expectations of 3.5 percent, a preliminary estimate showed. source: National Statistics Institute (INE)
GDP Annual Growth Rate in Spain averaged 1.77 percent from 1996 until 2021, reaching an all time high of 17.50 percent in the second quarter of 2021 and a record low of -21.50 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
GDP Annual Growth Rate in Spain is expected to be 3.80 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 5.00 percent in 2022 and 3.90 percent in 2023, according to our econometric models.