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

The Spanish economy advanced 0.8 percent on the quarter in the three months to March 2016, the same pace as in the previous period and beating market expectations of 0.7 percent growth, according to preliminary estimates. Compared with the same quarter a year ago, the GDP expanded 3.4 percent, slightly down from 3.5 percent in the previous period but above expectations of 3.2 percent. GDP Growth Rate in Spain averaged 0.53 percent from 1995 until 2016, 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 - 2016 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 April of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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% 0.8%
2016-04-29 07:00 AM Q1 0.8% 0.8% 0.7% 0.9%
2016-05-26 07:00 AM Q1 0.8% 0.8% 0.8%
2016-07-29 07:00 AM Q2 0.9%
2016-08-25 07:00 AM Q2

Spanish GDP Growth Holds Steady at 0.8% in Q1


The Spanish economy advanced 0.8 percent on the quarter in the three months to March 2016, the same pace as in the previous period and beating market consensus of 0.7 percent growth, according to preliminary estimates.

Although political uncertainty has raised concerns about Spain's economic recovery, the country posted a better-than-expected eleventh consecutive quarter of expansion and it is growing at a faster pace than many European peers. Its services industry picked up speed while tumbling oil prices helped extend the gains.

Compared with the same quarter a year ago, the GDP expanded 3.4 percent, slightly down from 3.5 percent in the previous period but above expectations of 3.2 percent growth.

Joana Ferreira | joana.ferreira@tradingeconomics.com
4/29/2016 8:55:38 AM

Spain GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.80 1.60 -1.60 percent [+]
GDP Annual Growth Rate 3.40 3.50 5.60 -4.30 percent [+]
GDP 1381.34 1369.26 1634.99 12.07 USD Billion [+]
GDP Constant Prices 274220.00 271762.00 280470.00 112208.00 EUR Million [+]
Gross Fixed Capital Formation 56333.00 55677.00 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 6526.00 6130.00 7306.00 4136.00 EUR Million [+]
GDP From Construction 13695.00 13549.00 28879.00 9683.00 EUR Million [+]
GDP From Manufacturing 33072.00 32820.00 37838.00 18252.00 EUR Million [+]
GDP From Public Administration 46855.00 45942.00 46855.00 17370.00 EUR Million [+]
GDP From Services 186239.00 185054.00 186239.00 68153.00 EUR Million [+]
GDP From Transport 60662.00 60718.00 60718.00 26080.00 EUR Million [+]




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