Spain | GDP growth climbed 0.7% in 1Q, in line with expectations
Published on Tuesday, April 30, 2019 | Updated on Friday, May 3, 2019
Spain | GDP growth climbed 0.7% in 1Q, in line with expectations
Summary
The Spanish economy grew by 0.7% QoQ (2.4% YoY) in 1Q19. According to INE (Instituto Nacional de Estadística — Spanish National Statistics Institute), domestic demand accounted for much of this growth (0.5 pp QoQ/2.2 pp YoY) thanks to the stability of consumption and the recovery of investment. External demand also grew (0.2 pp QoQ/0.2 pp YoY), as the fall in imports far exceeded that of exports.
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- Spain
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- Regional Analysis Spain
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Authors
Luis Díez Catalán
Camilo Ulloa
BBVA Research - Principal Economist