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).


Spain GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.60 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 Saturday, November 22, 2014.

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.

Flash figures published by the statistical office match central bank estimates earlier released. The Bank of Spain said last week domestic demand increased 0.6 percent, while net external demand contributed negatively to growth.

Year-on-year, the economy advanced 1.6 percent, the highest growth rate in more than six years. 

Third quarter GDP estimates were computed using the new European System of Accounts 2010 (ESA 2010) introduced by the Eurostat. The new measure takes into account activities such as research and development spending and expenditure on weapon systems that were not included before.

Joana Taborda |
10/30/2014 9:00:27 AM

Recent Releases

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

Spain GDP Growth Beats Expectations in Q2
The Spanish economy advanced at its fastest pace in more than six years in the second quarter of 2014. The GDP expanded a seasonally adjusted 0.6 percent on quarter in the three months to June, up from a 0.4 percent increase in the previous period and driven by domestic demand. Published on 2014-07-30

Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-07-30 08:00 AM
GDP Growth Rate QoQ  Q2 2014
0.6% 0.4% 0.5% 0.52%
2014-08-28 08:00 AM
GDP Growth Rate QoQ Final  Q2 2014
0.6% 0.4% 0.6%
2014-10-30 08:00 AM
GDP Growth Rate QoQ Prel  Q3 2014
0.5% 0.6% 0.5% 0.4%
2014-11-27 08:00 AM
GDP Growth Rate QoQ - Final  Q3 2014
0.6% 0.5%

Spain GDP Last Previous Highest Lowest Unit
GDP 1358.26 1322.48 1593.40 12.10 USD Billion [+]
GDP Growth Rate 0.50 0.60 1.53 -1.60 percent [+]
GDP Annual Growth Rate 1.60 1.30 5.80 -4.40 percent [+]
GDP Constant Prices 257476.00 256586.00 273561.00 109326.00 EUR Million [+]
GDP per capita 24573.06 24816.67 26927.37 6158.89 USD [+]
Gross Fixed Capital Formation 64.86 64.51 106.45 50.60 Index Points [+]
GDP per capita PPP 30892.16 31198.41 33851.89 23643.23 USD [+]