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What is the GDP growth in Spain for the fourth quarter 2016?

06 Mar
2017
Spain GDP Growth forecasts

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Strong GDP growth for Spain: 3% at end 2016

The quarterly growth was of 0.7% in the fourth quarter of 2016 as the Instituto Nacional de Estadistica just reported. On a yearly basis, the growth stood at 3% at the end of 2016.

As we reported in our news mid-February, the European Commission expects a slightly lower growth for 2017 and 2018 of 2.3% and 2.1%. Check our interactive maps of the expected growth for any European country.

The growth came from domestic demand +2.2% and foreign demand +0.8%.

Employment improving, Construction as well

The construction sector is improving as well with an annual growth rate of 1.9%

Employment conditions improved as well and unemployment decreased by 463.000 full-time equivalent jobs in 2016. Check the latest economic numbers here.

Since early 2014, the quarterly GDP growth of Spain as been higher than the European average.

Press release of Instituto Nacional de Estadistica.

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