Spain | GDP would have grown by 0.8% QoQ in Q3 2024, the same as in Q2 2024

Summary

Economic activity grew strongly again in the third quarter (0.8% QoQ), driven by domestic demand. Consumption would have offset the sluggishness in investment. The contribution of net external demand was slightly negative. GDP growth was due to higher productivity, as hours worked increased by 0.2%.

Key points

• Key points:
• The economy maintained a strong growth rate in the third quarter.
• Consumption offset the weakness in investment.
• Trade flows grew strongly.
• GDP growth was mainly supported by productivity per hour worked.

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