Spain | GDP Growth Climbed to 0.7% in 4Q, in Line with Expectations
Published on Thursday, January 31, 2019 | Updated on Thursday, February 28, 2019
Spain | GDP Growth Climbed to 0.7% in 4Q, in Line with Expectations
Summary
The Spanish economy grew by 0.7% QoQ (2.4% YoY) in 4Q18. This growth was, in large part, due to domestic demand (0.4 pp QoQ; 2.7 pp YoY) as a result of the boost in national consumption, while external demand regained some traction (0.3 pp QoQ; -0.3 pp YoY) after its disappointing performance during the first nine months of last year.
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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