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

The Gross Domestic Product (GDP) in Spain expanded 0.70 percent in the fourth quarter of 2014 over the previous quarter. GDP Growth Rate in Spain averaged 0.50 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
0.70 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 Thursday, March 5, 2015.


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.

Household expenditure rose at a faster 0.9 percent, following a 0.8 percent increase in the previous quarter. Investment grew 1.4 percent (1.1 percent in Q3), driven by a 1.6 percent increase in fixed assets and a 1.4 percent expansion in construction.

Exports were flat while imports shrank for the first time in seven quarters by 0.6 percent. Meanwhile, public spending contracted 1 percent, following a 0.1 percent drop in the previous period. 

Year-on-year, the economy expanded 2 percent, boosted by domestic demand. Household consumption rose 3.4 percent while investment grew 5.1 percent. In contrast, net external demand subtracted 0.7 percent to growth.

Considering full 2014, the GDP expanded 1.4 percent, the highest growth rate since 2008.

Joana Taborda | joana.taborda@tradingeconomics.com
2/26/2015 11:33:47 AM


Recent Releases

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 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. Published on 2014-11-27


Calendar GMT Event Actual Previous Consensus Forecast (i)
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
0.7% 0.5% 0.6% 0.65%
2015-02-26 08:00 AM
GDP Growth Rate QoQ Final  Q4
0.7% 0.5% 0.7% 0.7%
2015-04-30 08:00 AM
GDP Growth Rate QoQ Flash  Q1
0.7% 0.73%
2015-05-28 08:00 AM
GDP Growth Rate QoQ Final  Q1
0.7%
2015-07-30 08:00 AM
GDP Growth Rate QoQ Flash  Q2
0.77%


Spain GDP Last Previous Highest Lowest Unit
GDP 1358.26 1322.48 1593.40 12.10 USD Billion [+]
GDP Growth Rate 0.70 0.50 1.53 -1.60 percent [+]
GDP Annual Growth Rate 2.00 1.60 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 0.10 Aug/14 -0.60 4.50 -4.20 percent [+]
Canada 0.60 Nov/14 0.80 3.33 -1.80 percent [+]
China 1.50 Nov/14 1.90 2.50 1.40 percent [+]
Euro Area 0.30 Nov/14 0.20 1.30 -2.80 percent [+]
France 0.10 Nov/14 0.30 1.60 -1.70 percent [+]
Germany 0.70 Nov/14 0.10 2.10 -3.70 percent [+]
India 1.50 Aug/14 1.30 5.80 -1.90 percent [+]
Indonesia -2.06 Nov/14 3.16 3.82 -3.57 percent [+]
Italy 0.00 Nov/14 -0.10 6.00 -3.50 percent [+]
Japan 0.60 Nov/14 -0.60 3.20 -4.00 percent [+]
Mexico 0.70 Nov/14 0.50 2.90 -6.60 percent [+]
Netherlands 0.50 Nov/14 0.20 2.00 -2.20 percent [+]
Russia 0.04 Aug/14 0.14 4.10 -5.40 percent [+]
South Korea 0.40 Nov/14 0.90 6.80 -7.00 percent [+]
Spain 0.70 Nov/14 0.50 1.53 -1.60 percent [+]
Switzerland 0.60 Nov/14 0.70 1.90 -2.20 percent [+]
Turkey 0.40 Aug/14 -0.50 6.69 -7.57 percent [+]
United Kingdom 0.50 Nov/14 0.70 5.00 -2.70 percent [+]
United States 2.20 Nov/14 5.00 16.90 -10.00 percent [+]