Spain Gross Domestic Product (GDP)

Spain Gross Domestic Product is worth 1460 billion dollars or 2.35% of the world economy, according to the World Bank. From 1960 until 2009, Spain's average Gross Domestic Product was 402.19 billion dollars reaching an historical high of 1604.24 billion dollars in December of 2008 and a record low of 12.07 billion dollars in December of 1960. Spain's economy is the fifth largest in Europe. Spain is part of the European Union since 1986 which required the country to open its economy to trade and investment. The Spanish economy grew every year from 1994 through 2008 before entering a recession that started in the third quarter of 2008. This page includes: Spain Gross Domestic Product (GDP) chart, historical data and news.

Country	Interest Rate	Growth Rate	Inflation Rate	Jobless Rate	Current Account	Exchange Rate
Spain	1.00%	0.20%	1.90%	20.00%	-5	1.3280

Year	Value
2009	1460.25
2008	1604.24

Global Economics

Australia Extends Rate Pause
Published: 9/7/2010 12:39:14 PM By: TradingEconomics.com, RBA
Australia’s central bank extended its pause in raising interest rates “for the time being” as concern that the global economic recovery may falter trumped evidence of an accelerating expansion at home.

Brazilian Growth Outstrips Forecast
Published: 9/6/2010 11:06:43 PM By: TradingEconomics.com, Bloomberg
Brazil’s economy grew at an annualised rate of 8.9 per cent in the first half of 2010, defying expectations of a more significant slowdown in the second quarter and signalling that the country may beat its previous forecast of 7 per cent growth for the year.

Swiss Inflation Slowed Fourth Straight Month in August
Published: 9/5/2010 10:25:03 PM By: TradingEconomics.com, Bloomberg
Swiss inflation slowed for a fourth straight month in August, giving the central bank room to keep borrowing costs near zero.

ECB Leaves Interest Rates on Hold for 16th Month
Published: 9/5/2010 10:22:37 PM By: TradingEconomics.com
The European Central Bank has left interest rates at 1 percent for the 16th consecutive month as a still-uncertain global outlook clouds optimism about the eurozone's recovery.

Swiss Economy Expanded 0.9% in Q2
Published: 9/5/2010 6:50:37 PM By: TradingEconomics.com, Bloomberg
Switzerland’s economy expanded at a faster pace than economists forecast in the second quarter as companies stepped up spending to meet global demand.

Euro Area Unemployment Rate Remains Stable at 10.0% in July
Published: 9/5/2010 6:16:40 PM By: TradingEconomics.com, Eurostat
The euro area (EA16) seasonally-adjusted unemployment rate was 10.0% in July 2010, unchanged compared with June. It was 9.6% in July 2009.

Euro Area Inflation Slows to 1.6%
Published: 9/5/2010 6:07:23 PM By: TradingEconomics.com, Bloomberg
Euro Area consumer prices rose 1.6 percent from a year earlier after increasing 1.7 percent in July, the European Union statistics office in Luxembourg said.

Australia Reports Trade Surplus of $1.71 Billion in July
Published: 9/5/2010 3:31:41 PM By: TradingEconomics.com, Bloomberg
Australia’s trade surplus narrowed by more than economists forecast in July as exports of coal and iron ore fell, while imports rose.

Canadian Growth Slowed in Second Quarter
Published: 9/5/2010 2:10:39 PM By: TradingEconomics.com, WSJ
The Canadian economy in the second quarter expanded at less than half the pace set in the first three months of the year, undercutting economists’ expectations and raising questions about whether the country’s central bank will tighten interest rates next week.

India’s Second Quarter GDP Rises To 8.8%
Published: 9/5/2010 1:59:44 PM By: TradingEconomics.com, MarketWatch
India's economy expanded 8.8% in the second quarter from a year earlier, compared to an 8.6% on-year expansion in the first, lifted by robust activity in manufacturing.

Gross Domestic Product (GDP)

According to Wikipedia, the gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output for a given country's economy. GDP can be defined in three ways, all of which are conceptually identical. First, it is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production (the intermediate stages) by all the industries within a country, plus taxes less subsidies on products, in the period. Third, it is equal to the sum of the income generated by production in the country in the period—that is, compensation of employees, taxes on production and imports less subsidies, and gross operating surplus (or profits).