Spain GDP Growth Rate  1995-2016 | Data | Chart | Calendar | Forecast

The Spanish economy advanced 0.8 percent on quarter in the last three months of 2015, the same as in the previous period and in line with market expectations. It is the tenth straight quarter of growth, preliminary estimates showed. Year-on-year, the economy expanded 3.5 percent, bringing full 2015 growth to 3.2 percent, higher than 1.4 percent in 2014. GDP Growth Rate in Spain averaged 0.53 percent from 1995 until 2015, 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 reported by the National Statistics Institute (INE).

Spain GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.80 1.60 -1.60 1995 - 2015 percent Quarterly
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. However, in the third quarter of 2008, following the burst of a housing market bubble the country plunged into recession and has only starting to recover in the middle of 2013. The economic crisis gave rise to very high losses in output and employment, as nearly one quarter of the active population has been unemployed for the last 5 years. On the expenditure side, household consumption is the main component of GDP accounting for 58 percent of its total use, followed by gross fixed capital formation (20 percent) and government expenditure (19 percent). Within investments, tangible fixed assets accounts for 16 percent of GDP; construction for 10 percent; capital goods for 7 percent; and intellectual property products for 3 percent. Exports of goods and services account for 33 percent of GDP while imports account for 30 percent, adding 3 percent of total GDP. 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 - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-10-30 08:00 AM Q3 0.8% 1% 0.8% 0.9%
2015-11-26 08:00 AM Q3 0.8% 1% 0.8% 0.8%
2016-01-29 08:00 AM Q4 0.8% 0.8% 0.8% 0.9%
2016-02-25 08:00 AM Q4 0.8% 0.8% 0.8%
2016-04-29 07:00 AM Q1 1%
2016-05-26 07:00 AM Q1

Spain GDP Advances 0.8% QoQ in Q4


The Spanish economy advanced 0.8 percent on quarter in the last three months of 2015, the same as in the previous period and in line with market expectations. It is the tenth straight quarter of growth, preliminary estimates showed.

Consumer spending has been the main driver of growth as unemployment keeps falling while tourism revenues have also been contributing strongly to the country's recovery.

Year-on-year, the economy expanded 3.5 percent, better than 3.4 percent in the three months to September and the highest growth rate since 2007.

Considering full 2015, the GDP expanded 3.2 percent, following a 1.4 percent growth in 2014. The government targeted growth of 3.3 percent. 

INE | Joana Taborda | joana.taborda@tradingeconomics.com
1/29/2016 8:53:19 AM

Spain GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.80 1.60 -1.60 percent [+]
GDP Annual Growth Rate 3.50 3.40 5.60 -4.30 percent [+]
GDP 1381.34 1369.26 1634.99 12.07 USD Billion [+]
GDP Constant Prices 271956.00 274030.00 280470.00 112208.00 EUR Million [+]
Gross Fixed Capital Formation 55677.00 53443.00 85511.00 24923.00 EUR Million [+]
GDP per capita 25617.55 25149.74 27661.04 6159.04 USD [+]
GDP per capita PPP 32270.43 31681.14 34844.62 24125.62 USD [+]
GDP From Agriculture 6091.00 6319.00 7306.00 4136.00 EUR Million [+]
GDP From Construction 13660.00 13964.00 28879.00 9683.00 EUR Million [+]
GDP From Manufacturing 33049.00 33124.00 37838.00 18252.00 EUR Million [+]
GDP From Public Administration 45973.00 45563.00 46782.00 17370.00 EUR Million [+]
GDP From Services 185128.00 184476.00 185128.00 68153.00 EUR Million [+]
GDP From Transport 60453.00 60256.00 60453.00 26080.00 EUR Million [+]




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