Spain GDP Growth Rate
The Gross Domestic Product (GDP) in Spain is expected to expand 0.50 percent in the second 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).
||1995 - 2014
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.