Spain’s economy advanced 0.7 percent on quarter in the three months to December 2018, following a 0.6 percent expansion in the previous period and above market consensus of 0.6 percent, a preliminary figure showed. It was the highest growth rate since the last quarter of 2017, as government spending rose markedly and net trade contributed positively to the GDP growth. GDP Growth Rate in Spain averaged 0.55 percent from 1995 until 2018, reaching an all time high of 1.60 percent in the first quarter of 2000 and a record low of -1.60 percent in the first quarter of 2009.
GDP Growth Rate in Spain is expected to be 0.60 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 0.50 in 12 months time. In the long-term, the Spain GDP Growth Rate is projected to trend around 0.40 percent in 2020, according to our econometric models.