Spain - Government Consumption





Spain: Government Consumption

Mnemonic G.IESP
Unit Mil. EUR, CDASA
Adjustments Calendar Adjusted and Seasonally Adjusted
Quarterly 1.53 %
Data 2023 Q4 74,896
2023 Q3 73,765

Series Information

Source National Institute of Statistics (INE)
Release Quarterly Spanish National Accounts
Frequency Quarterly
Start Date 3/31/1995
End Date 12/31/2023

Spain: GDP

Reference Last Previous Units Frequency
Government Consumption 2023 Q4 74,896 73,765 Mil. EUR, CDASA Quarterly
Investment 2023 Q4 78,882 74,164 Mil. EUR, CDASA Quarterly
Nominal Fixed Investment (gross fixed capital formation) 2023 Q4 72,871 71,153 Mil. EUR, CDASA Quarterly
Nominal Gross Domestic Product 2023 Q4 375,161 364,816 Mil. EUR, CDASA Quarterly
Private Consumption 2023 Q4 204,097 201,351 Mil. EUR, CDASA Quarterly
Real Fixed Investment (gross fixed capital formation) 2023 Q4 115.27 117.65 Ch. Vol. Index 2015=100, CDASA Quarterly
Real Government Consumption 2023 Q4 120.41 118.8 Ch. Vol. Index 2015=100, CDASA Quarterly
Real Gross Domestic Product 2023 Q4 114.32 113.61 Ch. Vol. Index 2015=100, CDASA Quarterly
Real Investment 2023 Q4 115.34 115.1 Ch. Vol. Index 2015=100, CDASA Quarterly
Real Private Consumption 2019 Q2 104.04 103.77 Ch. Vol. Index 2010=100, CDASA Quarterly

Release Information

The Quarterly Spanish National Accounts (QSNA) provides a coherent qualitative description of Spanish economic activity as a whole in the immediate past via a quarterly macro-economic framework, elaborated from the point of view of supply, demand and income. Similarly, it includes estimates of the level of employment in terms of national accounting with the following concepts: persons, jobs, full time jobs. The QSNA estimates are offered in two versions: gross or non-adjusted data, corrected for seasonal and calendar effects data. The QSNA system includes the quarterly accounts from the rest of the world that quantifies among other things, the capacity or need to finance the economy as a whole.

Active:

  • National accounts framework: ESA 2010
  • Industry classification:
    • CNAE 2009, localization of NACE Rev. 2
    • A*10 aggregation
  • Measurements:
    • Millions of euros at current prices (Mil. EUR)
    • Chained volume index relative to 2015 (Vol. Index 2015=100)
    • Thousands of persons (Ths. #)
  • Adjustments:
    • Calendar day adjusted and seasonally adjusted (CDASA)
    • Not adjusted (NSA)
  • Native frequency: Quarterly
  • Start date: 1995Q1

Predecessors:

  • 2010 prices
  • 2008 prices
  • 2000 prices
  • 1995 prices
  • 1986 prices

The methodology employed by the QSNA is based on estimates by means of econometric techniques from models that relate the development of each SNA with a group of quarterly indicators that allow both quarterly breakdowns and extrapolation. Technically it can be said therefore, that the QSNA is a compromise between the rigor and amplitude of the SNA and the rapidity and opportunity of short term indicators.

The QSNA estimates are offered in current and volume terms. The first are valued at the same period's prices and the second are presented by means of indices linked to the specified reference year. These indices arise from linking the valuations carried out with the previous year's prices.

The QSNA estimates are offered in two versions: gross or non-adjusted data, corrected for seasonal and calendar effects data. The QSNA system includes the quarterly accounts from the rest of the world that quantifies among other things, the capacity or need to finance the economy as a whole.

All QSNA estimates are adjusted to the same principles of accounting coherence and balance as the annual National Accounting of Spain (NAS). Both statistics are in harmony with the European System of National and Regional Accounts (ESA).

Moody's Analytics supplements

For GDP(E) and GDP(O), we compute chained-price levels from the current-price levels and chained volume indexes.

The advance of QSNA results for quarter t is published around t + 30 days.Likewise, the seasonally and calendar adjusted data (SAC) of the Advance results of the Quarterly National Accounts (QNA) incorporates the revision of the SAC results of previous quarters, in the case of quarters not previously estimated by the Annual Accounts.

These results are updated around t + 90 days. At the same time, updated results are disseminated from the previous quarters of the current year. In addition, in the case of the second quarter of each year, revised results are disseminated from the first quarter of year T-3, consistent with the policy of review of results of the Annual National Accounts of Spain.

Further reading

At the IMF (SDDS):