The Spanish economy expanded 0.7% qoq in Q2 2026, slightly faster than the 0.6% growth in Q1 and in line with the preliminary estimate. Domestic demand contributed 1.1 percentage points to growth, while external demand made a negative contribution of 0.5 percentage points. Both household spending (0.7% vs 0.6% in Q1) and gross fixed capital formation (1.4% vs 1%) expanded at a faster pace while growth steadied for public expenditure (0.5% vs 0.5%). Meanwhile, both exports (1% vs 0.9%) and imports (2.6% vs 0%) increased at a faster pace. On the production side, all major sectors recorded growth except for agriculture, forestry and fishing (-0.1% vs 4.2%). Industry grew 0.7% (vs 0.5%), services expanded 0.7%, the same as in Q1 and construction rebounded (1% vs -0.3%). Year-on-year, the economy grew 2.6%, the same as a downwardly revised 2.6% in Q1 and below a preliminary of 2.7%. The OECD recently revised its forecast for GDP growth in 2026 to 2.6%, matching the government's projection. source: National Statistics Institute (INE)

The Gross Domestic Product (GDP) in Spain expanded 0.70 percent in the second quarter of 2026 over the previous quarter. GDP Growth Rate in Spain averaged 0.54 percent from 1995 until 2026, reaching an all time high of 15.90 percent in the third quarter of 2020 and a record low of -17.80 percent in the second quarter of 2020. 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. Spain GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

The Gross Domestic Product (GDP) in Spain expanded 0.70 percent in the second quarter of 2026 over the previous quarter. 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. In the long-term, the Spain GDP Growth Rate is projected to trend around 0.50 percent in 2027 and 0.70 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-30 07:00 AM
QoQ Flash
Q2 0.7% 0.6% 0.6% 0.6%
2026-09-25 07:00 AM
QoQ Final
Q2 0.7% 0.6% 0.7% 0.7%
2026-10-30 08:00 AM
QoQ Flash
Q3 0.7% 0.6%


Related Last Previous Unit Reference
Full Year GDP Growth 2.60 3.70 percent Dec 2025
GDP Growth Rate YoY 2.60 2.60 percent Jun 2026
GDP Current Prices 441437.00 437424.00 EUR Million Jun 2026
GDP from Agriculture 11774.00 11649.00 EUR Million Jun 2026
GDP from Construction 23788.00 23543.00 EUR Million Jun 2026
GDP from Manufacturing 47230.00 46121.00 EUR Million Jun 2026
GDP from Public Administration 68665.00 67981.00 EUR Million Jun 2026
GDP from Services 301559.00 300210.00 EUR Million Jun 2026
GDP from Transport 99788.00 99108.00 EUR Million Jun 2026
GDP Growth Rate 0.70 0.60 percent Jun 2026
Gross Fixed Capital Formation 91386.00 90650.00 EUR Million Jun 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.60 15.90 -17.80 1995 - 2026 percent Quarterly
SA

News Stream
Spain GDP Growth Rate Confirmed at 0.7% in Q2
The Spanish economy expanded 0.7% qoq in Q2 2026, slightly faster than the 0.6% growth in Q1 and in line with the preliminary estimate. Domestic demand contributed 1.1 percentage points to growth, while external demand made a negative contribution of 0.5 percentage points. Both household spending (0.7% vs 0.6% in Q1) and gross fixed capital formation (1.4% vs 1%) expanded at a faster pace while growth steadied for public expenditure (0.5% vs 0.5%). Meanwhile, both exports (1% vs 0.9%) and imports (2.6% vs 0%) increased at a faster pace. On the production side, all major sectors recorded growth except for agriculture, forestry and fishing (-0.1% vs 4.2%). Industry grew 0.7% (vs 0.5%), services expanded 0.7%, the same as in Q1 and construction rebounded (1% vs -0.3%). Year-on-year, the economy grew 2.6%, the same as a downwardly revised 2.6% in Q1 and below a preliminary of 2.7%. The OECD recently revised its forecast for GDP growth in 2026 to 2.6%, matching the government's projection.
2026-09-25
Spain GDP Growth Rate Beats Forecasts in Q2
The Spanish economy grew by 0.7% qoq in Q2, above 0.6% in Q1 and beating expectations of 0.6%, according to preliminary estimates, underscoring the economy's continued resilience and robust growth momentum. On the expenditure side, household consumption rose by 0.7% (vs 0.6% in Q1), government spending increased by 0.3% (vs 0.6%) and investment went up 0.5% (vs 0.1%). Exports increased 0.8% (vs -0.6%) and imports also rebounded, rising 0.6% (vs -0.9%). On the production side, all major sectors recorded growth. Industrial activity expanded by 1% (vs 0.4%), with manufacturing output rising 0.7% (vs 0.4%), construction activity increasing 0.6% (vs -0.2%) and the services sector growing by 0.8% (vs 0.8%). Meanwhile, the primary sector expanded by a modest 0.2%, following a 3.3% jump in Q1. Year-on-year, the GDP grew 2.7%, matching the pace of the previous three quarters and above forecasts of 2.5%. The Spanish government expects growth o remain above 2% through 2029.
2026-07-30
Spain GDP Growth Confirmed at 0.6% in Q1
Spain’s economy grew by 0.6% qoq in the first quarter of 2026, following a 0.8% expansion in the final quarter of 2025 and matching the preliminary estimate. Household consumption rose 0.6% (vs. 0.9% in Q4) and public spending returned to growth, increasing 0.4% after a 0.9% decline. Investment activity weakened significantly, with gross fixed capital formation rising just 0.4%, compared with a 2.1% increase in the previous quarter. Investment in machinery and equipment contracted by 1.9%, reversing a strong 6.3% gain in Q4. On the external side, exports fell 0.6% after a 0.7% increase in the previous quarter, while imports declined 1.0%, reversing a 1.2% rise. On an annual basis, Spain’s economy expanded 2.7% in the first quarter, the same as in the previous quarter and in line with the initial estimate. The Bank of Spain expects ?GDP to grow ?0.5%-0.6% qoq in Q2, and sees the economy expanding 2.3% in 2026 and ?1.7% in 2027.
2026-06-25