Spain GDP Growth Rate

Last Release

Jun 30, 2025

Actual

0.7

Units In

0.6

Frequency

Quarterly

Next Release

Sep 26, 2025

Time to Release

1 Months 27 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
16.8 Sep 2020	-17.7 Jun 2020	0.5 %	1995-2025	National Statistics Institute (INE)

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. On the expenditure side, household consumption is the main component of Spain's GDP (58 percent), followed by gross fixed capital formation (21 percent) and government expenditure (18 percent). Within investments, tangible fixed assets account for 18 percent of GDP, including construction (10 percent) and machinery, equipment and weapon system (7 percent); and intellectual property products account for the remaining 3 percent. Exports of goods and services account for 34 percent of GDP while imports account for 31 percent, adding 3 percent of total GDP.

Latest Updates

The Spanish economy grew by 0.7% quarter-on-quarter in the three months to June 2025, slightly above the 0.6% expansion in the previous quarter and beating market expectations of 0.6%, according to preliminary estimates. Domestic demand contributed 0.9 percentage points to growth, offsetting a 0.1 percentage point drag from the external sector. Household spending increased by 0.8%, while gross fixed capital formation surged by 2.1%. In contrast, government expenditure declined by 0.1%. On the external front, exports rose by 1.1%, while imports climbed 1.7%. On the production side, industrial output grew by 0.8%, driven by a 1.1% increase in manufacturing. The services sector expanded by 1.2%, and construction activity rose by 1.5%. However, the primary sector contracted sharply, falling by 9.5%. On an annual basis, the Spanish economy expanded by 2.8%, matching the growth rate from the previous quarter and exceeding expectations of a 2.5% increase.