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.