Spain GDP Growth Rate 1995-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Spain expanded 0.50 percent in the third quarter of 2014 over the previous quarter. GDP Growth Rate in Spain averaged 0.51 Percent from 1995 until 2014, reaching an all time high of 1.53 Percent in the fourth quarter of 1997 and a record low of -1.60 Percent in the first quarter of 2009. GDP Growth Rate in Spain is reported by the National Statistics Institute (INE).

      Forecast    
Spain GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.50 1.53 -1.60 1995 - 2014 percent Quarterly
Spain is the fourth largest economy in the Euro Zone. The country has a strong and diverse manufacturing industry and is one of the biggest tourist destinations in the world. Spain is part of the European Union since 1986 and the Euro Area since 1999. As a result, Spain became one of the world’s leading destinations for foreign direct investment and its economy grew an average 0.9 percent every quarter from 1994 through 2008. However, in the third quarter of 2008, following the burst of a housing market bubble the country plunged into recession and has been striving to recover ever since. This page provides - Spain GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Spain GDP Growth Rate - was last refreshed on Sunday, December 21, 2014.


Spain GDP Growth Confirmed At 0.5% in Q3


The Spanish economy advanced 0.5 percent on quarter in the three months to September, unchanged from the preliminary estimate and driven by domestic demand.

Domestic demand contributed 2.5 points to growth, up from 2.2 points in the previous quarter. The negative contribution from foreign demand held steady at 0.9 points.

On a quarter-on-quarter seasonally adjusted basis, household consumption rose 0.8 percent, slowing slightly from a 0.9 percent increase in the previous period. Government expenditure advanced 0.1 percent, recovering from a 0.1 percent drop in the three months to June and exports rose 3.5 percent (1.3 percent in Q2). Imports surged 4.7 percent (2.6 percent in Q2) while gross fixed capital formation grew 1 percent, following a 1.7 percent rise in the previous quarter.

Year-on-year, the economy advanced 1.6 percent, the highest pace in six years.

In the second quarter of 2014, the GDP grew a revised 0.5 percent quarter-on-quarter and 1.3 percent year-on-year. 

Joana Taborda | joana.taborda@tradingeconomics.com
11/27/2014 3:16:29 PM


Recent Releases

Spanish Economy Posts 0.5% Growth in Q3
The Spanish GDP advanced 0.5 percent quarter-on-quarter in the three months to September of 2014. Preliminary estimates showed the economy grew for the fifth quarter in a row in line with market expectations but down from a 0.6 percent increase in the previous period. Published on 2014-10-30

Spain GDP Growth Confirmed at 0.6% in Q2
The Spanish economy advanced 0.6 percent quarter-on-quarter in the April to June period, unchanged from the preliminary estimate and driven by household spending and investment. Published on 2014-08-28


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-08-28 08:00 AM
GDP Growth Rate QoQ Final  Q2
0.6% 0.4% 0.6%
2014-10-30 08:00 AM
GDP Growth Rate QoQ Prel  Q3
0.5% 0.6% 0.5% 0.4%
2014-11-27 08:00 AM
GDP Growth Rate QoQ - Final  Q3
0.5% 0.5% (R) 0.5% 0.5%
2015-01-30 08:00 AM
GDP Growth Rate QoQ Flash  Q4
2015-02-27 08:00 AM
GDP Growth Rate QoQ Final  Q4
2015-04-30 08:00 AM
GDP Growth Rate QoQ  Q1


Spain GDP Last Previous Highest Lowest Unit
GDP 1358.26 1322.48 1593.40 12.10 USD Billion [+]
GDP Growth Rate 0.50 0.50 1.53 -1.60 percent [+]
GDP Annual Growth Rate 1.60 1.30 5.80 -4.40 percent [+]
GDP Constant Prices 265102.00 264013.00 273561.00 109326.00 EUR Million [+]
GDP per capita 24573.06 24816.67 26927.37 6158.89 USD [+]
Gross Fixed Capital Formation 85.65 84.76 106.45 50.60 Index Points [+]
GDP per capita PPP 30892.16 31198.41 33851.89 23643.23 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.30 Aug/14 0.50 4.50 -2.00 percent [+]
Brazil 0.10 Aug/14 -0.60 4.50 -4.20 percent [+]
Canada 0.70 Aug/14 0.90 3.33 -1.80 percent [+]
China 1.90 Aug/14 2.00 2.50 1.40 percent [+]
Euro Area 0.20 Aug/14 0.10 1.30 -2.80 percent [+]
France 0.30 Aug/14 -0.10 1.60 -1.70 percent [+]
Germany 0.10 Aug/14 -0.10 2.10 -3.70 percent [+]
India 1.20 May/14 1.90 5.80 -1.90 percent [+]
Indonesia 2.96 Aug/14 2.49 3.82 -3.57 percent [+]
Italy -0.10 Aug/14 -0.20 6.00 -3.50 percent [+]
Japan -0.50 Aug/14 -1.90 3.20 -4.00 percent [+]
Mexico 0.50 Aug/14 0.90 2.90 -6.60 percent [+]
Netherlands 0.20 Aug/14 0.60 2.00 -2.20 percent [+]
Russia 0.04 Aug/14 0.14 4.10 -5.40 percent [+]
South Korea 0.90 Aug/14 0.50 6.80 -7.00 percent [+]
Spain 0.50 Aug/14 0.50 1.53 -1.60 percent [+]
Switzerland 0.60 Aug/14 0.30 1.90 -2.20 percent [+]
Turkey 0.40 Aug/14 -0.50 6.69 -7.57 percent [+]
United Kingdom 0.70 Aug/14 0.90 5.00 -2.70 percent [+]
United States 3.90 Aug/14 4.60 16.90 -10.00 percent [+]