GDP growth (annual) · Spain
Spain GDP Growth Rate YoY Flash
The Spain GDP Growth Rate YoY Flash measures how much the economy of Spain grew compared with the same period a year earlier.
- Importance
- Medium
- Released
- Quarterly
- Currency
- EUR · euro
- Central bank
- The European Central Bank (with the Banco de España)
Latest figures
The latest release for Q3, published on 30 October 2026, came in at 2.7%, in line with the consensus of 2.7%, up from 2.6% the time before.
A result in line with the consensus usually causes little reaction: it was already priced in.
Over the last 8 releases it ranged from 2.6% to 3.5%, averaging 2.8%.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 30 Oct 2026 | Q3 | 2.7% | 2.7% | 2.6% |
| 30 Jul 2026 | Q2 | 2.7% | 2.5% | 2.7% |
| 30 Apr 2026 | Q1 | 2.7% | 2.7% | 2.6% ® |
| 30 Jan 2026 | Q4 | 2.6% | 2.7% | 2.7% ® |
| 29 Oct 2025 | Q3 | 2.8% | 3% | 3.1% |
| 29 Jul 2025 | Q2 | 2.8% | 2.5% | 2.8% |
| 29 Apr 2025 | Q1 | 2.8% | – | 3.3% ® |
| 29 Jan 2025 | Q4 | 3.5% | 3.2% | 3.5% ® |
Why it matters
The yearly rate is less noisy than the quarterly change and is the figure most people mean by "economic growth". It shapes the earnings outlook for local companies, tax revenue, and the European Central Bank (with the Banco de España)'s view of how much spare capacity the economy has.
How it is calculated
the National Statistics Institute (INE) compares real GDP (after inflation) with the same quarter or year before; full-year figures sum the four quarters.
Growth (yoy) = real GDP ÷ real GDP a year ago − 1What changes mean
- Growth above the country's trend (about 1–2% for advanced economies, more for emerging ones) tends to raise inflation pressure.
- Annual growth turns only slowly; the quarterly figure shows turning points earlier.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the euro and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the euro tends to soften and markets price in lower rates.
A short history
Annual national accounts spread after the Second World War under the UN System of National Accounts (first edition 1953).
Questions
What is the Spain GDP Growth Rate YoY Flash?
The Spain GDP Growth Rate YoY Flash measures how much the economy of Spain grew compared with the same period a year earlier.
What was the latest Spain GDP Growth Rate YoY Flash?
2.7% for Q3, published on 30 October 2026 (consensus 2.7%, previous 2.6%).
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.