Spain GDP Growth Rate 1995-2015 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Spain expanded 0.90 percent in the first quarter of 2015 over the previous quarter. GDP Growth Rate in Spain averaged 0.50 percent from 1995 until 2015, 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
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.70 1.53 -1.60 1995 - 2015 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, May 23, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-01-30 08:00 AM Q4 0.7% 0.5% 0.6% 0.65%
2015-02-26 08:00 AM Q4 0.7% 0.5% 0.7% 0.7%
2015-04-30 08:00 AM Q1 0.9% 0.7% 0.8% 0.73%
2015-05-28 08:00 AM Q1 0.7% 0.9% 0.9%
2015-07-30 08:00 AM Q2 0.77%
2015-08-27 08:00 AM Q2


Spanish GDP Beats Expectations in Q1


The Spanish economy grew 0.9 percent on quarter in the first three months of 2015, compared to 0.7 percent expansion reported in the previous period, preliminary data showed. It is the highest growth rate since the first quarter of 2007.

Year-on-year, the economy expanded 2.6 percent, up from a 2 percent growth in the preceding quarter and the strongest since fourth quarter of 2007.

The Spanish Government raised its official growth forecast for 2015 for the second time in two months this week saying it now expects the economy to expand by 2.9 percent this year.



INE | anna@tradingeconomics.com
4/30/2015 8:35:06 AM


Recent Releases

Spanish GDP Growth Confirmed at 7-Year High
The Spanish economy advanced 0.7 percent on quarter in the last three months of 2014, following a 0.5 percent increase in the previous period, final estimates showed. It was the fastest pace since the third quarter of 2007, boosted by domestic demand. Published on 2015-02-26

Spanish Economy Grows The Most Since 2007
The Spanish GDP expanded 0.7 percent in the last three months of 2014 compared to 0.5 percent expansion reported in the previous period. It Is the highest growth rate in seven years. Published on 2015-01-30


Spain GDP Last Previous Highest Lowest Unit
GDP 1358.26 1322.48 1593.40 12.10 USD Billion [+]
GDP Growth Rate 0.90 0.70 1.53 -1.60 percent [+]
GDP Annual Growth Rate 2.60 2.00 5.80 -4.40 percent [+]
GDP Constant Prices 266520.00 265516.00 273561.00 109326.00 EUR Million [+]
GDP per capita 24573.06 24816.67 26927.37 6158.89 USD [+]
Gross Fixed Capital Formation 87.53 86.32 106.45 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 0.50 Nov/14 0.40 4.50 -2.00 percent [+]
Brazil 0.30 Nov/14 0.20 4.50 -4.20 percent [+]
Canada 0.60 Nov/14 0.80 3.33 -1.80 percent [+]
China 1.30 Feb/15 1.50 2.50 1.40 percent [+]
Euro Area 0.40 Feb/15 0.30 1.30 -2.90 percent [+]
France 0.60 Feb/15 0.00 1.60 -1.70 percent [+]
Germany 0.30 Feb/15 0.70 2.10 -3.70 percent [+]
India 1.60 Nov/14 2.20 5.80 -1.90 percent [+]
Indonesia -0.18 Feb/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Feb/15 0.00 6.00 -3.50 percent [+]
Japan 0.60 Feb/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Feb/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.40 Feb/15 0.80 2.00 -2.20 percent [+]
Russia 0.00 Nov/14 0.00 4.10 -5.40 percent [+]
South Korea 0.80 Feb/15 0.30 6.80 -7.00 percent [+]
Spain 0.90 Feb/15 0.70 1.53 -1.60 percent [+]
Switzerland 0.60 Nov/14 0.70 1.90 -2.20 percent [+]
Turkey 0.70 Nov/14 0.50 6.69 -7.57 percent [+]
United Kingdom 0.30 Feb/15 0.60 5.00 -2.70 percent [+]
United States 0.20 Feb/15 2.20 16.90 -10.00 percent [+]