Market news
26.03.2021, 08:39

Spanish GDP stagnated in the fourth quarter - INE

Reuters reports that according to the report from National Statistics Institute (INE), Spain's economy did not grow in the fourth quarter as restrictions to curb a second wave of infection weighed on private consumption.

The data showed a 0% variation in output between the fourth quarter and the third, compared with a flash estimate for 0.4% growth and following a higher-than-expected 17.1% quarterly jump in the third quarter. Still, public spending supported the economy in last quarter and it did not enter negative territory. Investment also showed some resilience in the last three months of the year.

The statistics office revised Q3 GDP to 17.1% from a previous 16.4% reading.

On an annual basis, gross domestic product shrank by 10.8% in 2020, in a marginally less severe contraction than the previously reported 11% but still the worst annual decline on record.

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location