Spain's Economy Grows 0.6% in the Third Quarter, Up 2.7% Year on Year
Spain's National Statistics Institute (INE) published its advance estimate for the third quarter of 2026 on October 30: gross domestic product grew 0.6% quarter on quarter, slightly below the second quarter's 0.7%, and 2.7% year on year, above the second quarter's 2.6%.
On the demand side, national demand contributed 2.6 points of the annual growth, while the external contribution was approximately zero. At current prices, GDP rose 5.9% year on year and 1.7% on the quarter.
In the labour market, total hours worked increased 2.2% year on year and full-time-equivalent employment rose 1.6%. The INE said the figures are an advance estimate, with the full quarterly accounts to follow.
Spain's economy continues to grow faster than the euro-area average, with domestic demand remaining the main engine of growth.
Source: Instituto Nacional de Estadística (INE
Published by GSM · USA (original Chinese edition)
Photo: 图：马德里天际线（资料图）。图片来源：Wikimedia Commons（CC BY-SA 4.0），作者：Benjamín Núñez González。 / Photo: Madrid skyline (file photo). Source: Wikimedia Commons (CC BY-SA 4.0), by Benjamín Núñez González.
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