Madrid, 25 September 2026 — Spain’s gross domestic product rose by 0.7 per cent in the second quarter of 2026 compared with the previous quarter. The Instituto Nacional de Estadística (INE) confirmed this rate today in the Contabilidad Nacional Trimestral. This is one tenth of a percentage point higher than the increase in the first quarter. Compared with the same quarter a year earlier, the INE reports an increase of around 2.6 per cent in price-adjusted, seasonally and calendar-adjusted series.
According to the INE, domestic demand was the main contributor to growth. Private consumption and gross fixed capital formation increased and more than offset the drag from net exports. The Net exports reduced the quarterly result, suggesting that imports grew more strongly than exports. The statistics office also points to the usual seasonal and calendar adjustments, as well as revisions to the time series in this latest release.
With today’s publication, the INE replaces its preliminary estimate (avance) of 30 July 2026. The confirmed data are based on a broader range of information and are compiled in coordination with other government bodies to ensure consistency with financial and budget statistics. At current prices, the economy recorded higher output values in the second quarter; GDP at current prices grew more strongly than the inflation-adjusted measure.
Observers view the combination of robust private consumption and rising gross fixed capital formation as evidence of a resilient domestic economy. At the same time, the negative external contribution is a risk if import growth continues or foreign demand remains weak. The INE makes no forecasts in its statement; projections for the full year are published in the usual way by the government and international institutions.
For economic policymaking, the confirmed INE figures provide an up-to-date reference point: investment supports employment and capacity expansion, but persistently negative net exports could weaken the external position. Further details on components and contributions are available in the accompanying tables of the Contabilidad Nacional Trimestral. As is usual under the European System of Accounts, previous quarters may be revised again; this would not alter the quarterly growth rate of 0.7 per cent confirmed today.
Editor: Daniel Mayer (Article created with AI assistance).