The Spanish economy expanded 0.4 percent on quarter in the three months to December of 2019, unrevised from the preliminary estimate and the same as in the previous quarter. It is the lowest sequence of growth since the first half of 2014. Exports stalled and investment went up more than expected while household spending growth was revised lower. Year-on-year, the GDP grew 1.9 percent, slightly below 2 percent in the advance release.

GDP Growth Rate in Spain averaged 0.53 percent from 1995 until 2019, reaching an all time high of 1.60 percent in the first quarter of 2000 and a record low of -2.60 percent in the first quarter of 2009. 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. source: National Statistics Institute (INE)

GDP Growth Rate in Spain is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Spain to stand at 0.30 in 12 months time. In the long-term, the Spain GDP Growth Rate is projected to trend around 0.30 percent in 2020, according to our econometric models.


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Spain GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.40 1.60 -2.60 1995 - 2019 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-07-31 07:00 AM GDP Growth Rate QoQ Flash Q2 0.5% 0.7% 0.6% 0.6%
2019-09-30 07:00 AM GDP Growth Rate QoQ Final Q2 0.4% 0.5% 0.5% 0.5%
2019-10-31 08:00 AM GDP Growth Rate QoQ Flash Q3 0.4% 0.4% 0.4% 0.5%
2019-12-30 08:00 AM GDP Growth Rate QoQ Final Q3 0.4% 0.4% 0.4% 0.4%
2020-01-31 08:00 AM GDP Growth Rate QoQ Flash Q4 0.4% 0.4% 0.3%


News Stream
2019-10-31
Spain GDP Growth Holds Steady at 3-Year Low
Spain's economy expanded 0.4 percent on quarter in the three months to September 2019, unchanged from the previous period's three-year low and in line with market expectations, a preliminary estimate showed. Household consumption and fixed investment rebounded firmly, while net external demand contributed negatively to the GDP growth.

2019-09-30
Spain Q2 GDP Growth Weakest in 3 Years
Spain’s economy advanced 0.4 percent on quarter in the three months to June 2019, below a preliminary estimate and market expectations of 0.5 percent and following a downwardly revised 0.5 percent expansion in the previous period. It was the weakest growth rate since the second quarter of 2016, as government spending slowed, fixed investment shrank and household consumption stalled. Net trade contributed positively to growth. On an annual basis, the GDP expanded 2 percent, following a downwardly revised 2.2 percent growth in the previous quarter and down from a flash estimate and market forecasts of a 2.3 percent gain.

2019-07-31
Spain Q2 GDP Growth Below Forecasts
Spain’s economy expanded 0.5 percent on quarter in the three months to June of 2019, easing from a 0.7 percent advance in the previous period and below market expectations of a 0.6 percent increase, a flash estimate showed. Household consumption and government expending slowed while fixed investment contracted and net trade contributed positively to growth.

2019-06-28
Spain Q1 GDP Growth Confirmed at 0.7%
Spain’s economy advanced 0.7 percent on quarter in the three months to March 2019, after a 0.6 percent expansion in the previous period and matching a preliminary reading and market expectations, final figures showed. It was the strongest growth rate since the fourth quarter of 2017, as fixed investment rebounded while both household and government spending expanded at the same pace.

2019-04-30
Spain Q1 GDP Growth Beats Forecasts
Spain’s economy advanced 0.7 percent on quarter in the three months to March 2019, following a 0.6 percent expansion in the previous period an above market consensus of a 0.6 percent increase, a flash estimate showed. It was the strongest growth rate since the last quarter of 2017, as fixed investment rebounded while net trade contributed negatively to the GDP growth.

2019-03-29
Spain Q4 GDP Growth Revised Lower to 0.6%
Spain's quarterly economic growth was revised lower to 0.6 percent in the last three months of 2018 from a preliminary estimate of 0.7 percent and compared to the July-September period's 0.5 percent. Net external demand contributed positively to the expansion, while household consumption rose at a softer pace and fixed investment contracted.


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. 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.

Spain GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.40 1.60 -2.60 percent [+]
GDP Annual Growth Rate 1.90 2.00 5.40 -4.30 percent [+]
GDP 1426.19 1314.31 1635.02 12.07 USD Billion [+]
GDP Constant Prices 311917.00 310381.00 311917.00 112760.00 EUR Million [+]
Gross Fixed Capital Formation 63466.00 61981.00 81720.00 24617.00 EUR Million [+]
GDP per capita 33146.40 32402.70 33146.40 7359.97 USD [+]
GDP per capita PPP 35055.70 34269.10 35055.70 23758.70 USD [+]
GDP From Agriculture 8545.00 8363.00 8561.00 4189.00 EUR Million [+]
GDP From Construction 18358.00 18290.00 29227.00 9818.00 EUR Million [+]
GDP From Manufacturing 34366.00 34294.00 35916.00 18386.00 EUR Million [+]
GDP From Public Administration 50800.00 50736.00 50800.00 17196.00 EUR Million [+]
GDP From Services 211287.00 210402.00 211287.00 67961.00 EUR Million [+]
GDP From Transport 67084.00 66886.00 67084.00 25987.00 EUR Million [+]