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

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Spain GDP Annual Growth Rate
LIST BY COUNTRY


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%
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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 [+]
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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.


RELATED NEWS

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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.
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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.
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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.
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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.
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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.
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