Spain EUR

Spain GDP Growth Rate YoY Final

Impact:
Low
Source: National Statistics Institute (INE)

Latest Release:

Date:
Surprise:
-0.1%
Actual:
3.4%
Forecast: 3.5%
Previous/Revision:
3.5%
Period: Q4

Next Release:

Date:
Forecast: 2.8%
Period: Q1
What Does It Measure?
The GDP Growth Rate YoY Final measures the annualized percentage change in the Gross Domestic Product of Spain, reflecting the overall economic performance and production of goods and services within the country. This indicator assesses key areas such as economic activity, employment levels, and inflation by providing a comprehensive snapshot of the economy's health over the preceding year.
Frequency
The GDP Growth Rate is released quarterly, with the final figures typically published around 30 days after the quarter ends, following initial estimates that may be revised.
Why Do Traders Care?
Traders closely monitor the GDP Growth Rate as it has significant implications for financial markets, influencing investor sentiment towards the euro, Spanish equities, and bonds. A stronger than expected GDP growth usually signals economic strength, fostering bullish sentiments in currency and stock markets, while disappointing results may lead to bearish expectations.
What Is It Derived From?
This indicator is calculated from comprehensive national accounts data, which includes contributions from different sectors such as services, industry, and agriculture. It relies on extensive surveys and statistical methodologies to provide an accurate representation of economic activity, ensuring that fluctuations and seasonal adjustments are considered.
Description
The final GDP Growth Rate represents a more comprehensive and accurate assessment compared to preliminary estimates, which are based on incomplete data and are subject to revisions. Financial markets often react sharply to preliminary figures, as they provide timely insights, while final data enhance the understanding of longer-term economic patterns among analysts, leading to potential adjustments in market performances.
Additional Notes
The GDP Growth Rate is considered a coincident economic indicator, offering insights into current economic conditions and serving as a benchmark for future performance. It is often compared to other macroeconomic indicators, such as inflation rates and unemployment figures, to provide a holistic view of economic health and to contextualize Spain’s performance relative to its European neighbors.
Bullish or Bearish for Currency and Stocks
If the GDP Growth Rate is higher than expected: Bullish for Euro, Bullish for Stocks. If lower than expected: Bearish for Euro, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
Mar 26, 2025
3.4%
 3.5%
3.5%
 -0.1%
Dec 23, 2024
3.3%
 3.4%
3.2%
 -0.1%
Sep 27, 2024
3.1%
 2.9%
2.5%
 0.2%
Jun 25, 2024
2.5%
 2.4%
2.1%
 0.1%
Mar 26, 2024
2%
 2%
1.9%
Dec 22, 2023
1.8%
 1.8%
2%
Sep 22, 2023
2.2%
 1.8%
4.2%
 0.4%
Jun 23, 2023
4.2%
 3.8%
3.1%
 0.4%
Mar 24, 2023
2.6%
 2.7%
4.7%
 -0.1%
Dec 23, 2022
4.4%
 3.8%
7.6%
0.6%
Sep 23, 2022
6.8%
 6.3%
6.7%
0.5%
Jun 24, 2022
6.3%
 6.4%
5.5%
 -0.1%
Mar 25, 2022
5.5%
 5.2%
3.5%
 0.3%
Dec 23, 2021
3.4%
 2.7%
17.7%
0.7%
Sep 23, 2021
17.5%
 19.8%
-4.2%
-2.3%
Jun 24, 2021
-4.2%
 -4.3%
-8.9%
 0.1%
Mar 26, 2021
-8.9%
 -9.1%
-8.6%
 0.2%
Dec 23, 2020
-9%
 -8.7%
-21.6%
-0.3%
Sep 23, 2020
-21.5%
 -22.1%
-4.2%
0.6%
Jun 30, 2020
-4.1%
 -4.1%
1.8%
Mar 31, 2020
1.8%
 1.8%
1.9%
Dec 30, 2019
1.9%
 2%
2%
-0.1%
Sep 30, 2019
2%
 2.3%
2.2%
-0.3%
Jun 28, 2019
2.4%
 2.4%
2.3%
Mar 29, 2019
2.3%
 2.4%
2.5%
-0.1%
Dec 28, 2018
2.4%
 2.5%
2.5%
-0.1%
Sep 28, 2018
2.5%
 2.7%
2.8%
-0.2%
May 31, 2018
3%
 2.9%
3.1%
0.1%
Mar 01, 2018
3.1%
 3.1%
3.1%
Nov 30, 2017
3.1%
 3.1%
3.1%
Aug 24, 2017
3.1%
 3.1%
3%
May 25, 2017
3%
 3%
3%
Mar 02, 2017
3%
 3%
3.2%
Nov 24, 2016
3.2%
 3.2%
3.2%
Aug 25, 2016
3.2%
 3.2%
3.4%
May 26, 2016
3.4%
 3.4%
3.5%
Feb 25, 2016
3.5%
 3.5%
3.4%
Nov 26, 2015
3.4%
 3.4%
3.2%
Aug 27, 2015
3.1%
 3.1%
2.7%
May 28, 2015
2.7%
 2.6%
2%
 0.1%