Spain GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Spain contracted 0.20 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Spain is reported by the National Statistics Institute (INE). GDP Annual Growth Rate in Spain averaged 2.17 Percent from 1996 until 2013, reaching an all time high of 5.80 Percent in the first quarter of 2000 and a record low of -4.40 Percent in the second quarter of 2009. Spain is the fourth largest economy in the Euro Zone. The biggest sectors of the economy are services (73.5 percent of total GDP); industry except construction (11.5 percent); construction (9.2 percent) and energy (2.8 percent of GDP). Agriculture, livestock and fishing contribute the remaining 2.4 percent. Yet, Spain is the world’s third largest exporter of wine and fruits and vegetables. This page provides - Spain GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-0.20 -1.10 5.80 -4.40 -1.16 | 2014/03 1996 - 2013 Percent Quarterly


Spain GDP Annual Growth Rate

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-10-30 08:00 AM Spain
GDP Growth Rate YoY - Preliminary
Q3 2013 -1.2% -1.6% -1.2% -1.72%
2013-11-28 08:00 AM Spain
GDP Growth Rate YoY F.
Q3 2013 -1.1% -1.6% -1.2% -1.72%
2014-01-30 08:00 AM Spain
GDP Growth Rate YoY Flash
Q4 2013 -0.1% -1.1% -0.1% -0.5%
2014-02-27 08:00 AM Spain
GDP Growth Rate YoY Final
Q4 2013 -0.2% -0.1% -0.1% -0.1%
2014-04-30 08:00 AM Spain
GDP Growth Rate YoY
Q1 2014 -0.2% -1.15%
2014-07-30 08:00 AM Spain
GDP Growth Rate YoY
Q2 2014 -1.11%

GDP Last Previous Highest Lowest Forecast Unit
GDP per capita 25250.64 2012-12-31 25638.13 27136.09 6158.89 24898.87 2013-12-31 USD [+]
GDP per capita PPP 32701.45 2011-12-31 31889.18 33157.01 6846.75 32770.46 2012-12-31 USD [+]
GDP Constant Prices 93.42 2013-11-15 93.26 100.68 63.74 92.89 2014-03-31 Index Points [+]
Gross Fixed Capital Formation 64.97 2013-11-15 64.53 106.45 50.60 64.78 2014-03-31 Index Points [+]
GDP Growth Rate 0.20 2013-12-31 0.10 1.53 -1.60 0.17 2014-03-31 Percent [+]
GDP Annual Growth Rate -0.20 2013-12-31 -1.10 5.80 -4.40 -1.16 2014-03-31 Percent [+]
GDP 1349.40 2012-12-31 1476.90 1593.40 12.10 1273.86 2013-12-31 USD Billion [+]

GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Spanish Inflation Rate Falls Less Than Expected  
Spanish consumer prices fell by an annual 0.1 percent in March of 2014, less than a preliminary estimate of a 0.2 percent drop and compared to a flat reading in February.
Spanish Inflation Rate Falls to 4-1/2-Year Low  
Spanish consumer prices fell 0.2 percent on the year in March of 2014, according to preliminary estimates. It is the lowest rate since October of 2009.
Spanish Trade Deficit Narrows in January over a Year Earlier  
In January of 2014, Spanish trade gap decreased 19.5 percent over a year earlier to € 2.81 billion. In contrast, the trade deficit widened 54 percent over December, as imports surged, signaling a recovery in domestic demand.
Spain Inflation Rate Down to 4-Month Low  
Spanish consumer prices stayed flat year-on-year in February of 2014, compared to a rise of 0.2 percent a month earlier and a preliminary estimate of a 0.1 percent fall.
Spanish Inflation Rate in Negative Territory  
In February of 2014, Spanish annual inflation rate is expected to fall 0.1 percent, preliminary data from the National Statistics Institute showed. It is the first time since October last year prices have fallen.
Spanish Q4 GDP Growth Revised Down  
In the last three months of 2013, the Spanish economy expanded 0.2 percent over the previous period, down from a 0.3 percent growth initially estimated. Still, Q4 economic growth was slightly faster than the 0.1 percent expansion recorded in the third quarter.
Spanish Trade Deficit Narrows 48.1% in 2013  
In 2013, Spanish trade deficit narrowed to € 15.96 billion, as exports hit a new record for the third straight year and imports fell. In 2012, the trade deficit was recorded at € 32 billion.
Spanish Inflation Slowdown Confirmed in January  
In the first month of 2014, Spain’s annual inflation rate slowed to 0.2 percent, one tenth lower than the rate registered in the previous month. This is the lowest rate for the month of January since the series started in 1961.
Spanish Inflation Rate Slows in January  
In January of 2014, Spanish national CPI eased to 0.2 percent, down from 0.3 percent in the last month of 2013, remaining well below European Central Bank target.


Japanese Trade Deficit Widens in March  
Japan’s trade gap increased to a wider-than-expected ¥ 1446.3 billion in March of 2014, up from a revised ¥ 802.5 billion deficit in the previous month and a ¥ 356.9 billion gap a year earlier, as energy imports continued to rise.
Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.

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