Spain - Nominal Gross Domestic Product





Spain: Nominal Gross Domestic Product

Mnemonic GDP.IESP
Unit Mil. EUR, CDASA
Adjustments Calendar Adjusted and Seasonally Adjusted
Quarterly 0.4 %
Data 2019 Q1 307,460
2018 Q4 306,236

Series Information

Source National Institute of Statistics (INE)
Release Quarterly Spanish National Accounts
Frequency Quarterly
Start Date 3/31/1995
End Date 3/31/2019

Spain: GDP

Reference Last Previous Units Frequency
Government Consumption 2019 Q1 56,820 56,511 Mil. EUR, CDASA Quarterly
Investment 2019 Q1 68,237 67,577 Mil. EUR, CDASA Quarterly
Nominal Fixed Investment (gross fixed capital formation) 2019 Q1 66,105 65,288 Mil. EUR, CDASA Quarterly
Nominal Gross Domestic Product 2019 Q1 307,460 306,236 Mil. EUR, CDASA Quarterly
Private Consumption 2019 Q1 173,559 173,459 Mil. EUR, CDASA Quarterly
Real Fixed Investment (gross fixed capital formation) 2019 Q1 106.39 104.85 Ch. Vol. Index 2010=100, CDASA Quarterly
Real Government Consumption 2019 Q1 100.64 100.21 Ch. Vol. Index 2010=100, CDASA Quarterly
Real Gross Domestic Product 2019 Q1 109.86 109.08 Ch. Vol. Index 2010=100, CDASA Quarterly
Real Investment 2019 Q1 107.38 106.1 Ch. Vol. Index 2010=100, CDASA Quarterly
Real Private Consumption 2019 Q1 103.73 103.4 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.

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).

One aspect of the QSNA to highlight is that of the frequent and sometimes important revisions that necessarily occur among which the following are worthy of note: modifications to the QSNA data, revision of the indicators, replacement of predictions in the indicators by real available data, modifications included because of the seasonal adjustment filters and variations in the general resource and jobs balance process.