Spain GDP Growth Rate Steady At 0.7% In Q4


The Spanish economy expanded 0.7 percent on quarter in the last three months of 2016, the same as in the previous period and in line with market expectations, preliminary estimates showed. It is the thirteenth consecutive quarter of growth, following a contraction in 2011-2013.

Year-on-year, the GDP expanded 3 percent, below 3.2 percent in the previous quarter but also in line with market forecasts.

Considering full 2016, the economy grew 3.2 percent, the same as in 2015 and much faster than 1.4 percent in 2014 after record tourism helped to boost employment and consumer spending. For 2017, the European Commission expects growth to slow to 2.3 percent.

Spain GDP Growth Rate Steady At 0.7% In Q4


INE | Joana Taborda | joana.taborda@tradingeconomics.com
1/30/2017 8:31:47 AM