GDP advanced 0.8% between April and June compared to the previous quarter, one tenth than expected, and 3.1% compared to the same year 2014, three more tenths against advanced data. The national demand contributed 0.8 points to the intertrimestral growth of GDP between April and June, while external demand had a practically nil contribution.
The GDP grows 0.8% in the second quarter compared to the first year of the year, two tenths more than in the previous quarter and a tenth more than the advanced data at the end of July, thanks to internal demand, according to the data of the quarterly national accounting, CNT, confirmed today by the National Institute of Statistics, INE. Regarding the previous year, the national economy advances 3.1%. a tenth less than in the previous quarter but three tenths more than the preliminary data.
The intertrimestral growth of GDP star is the domestic demand, with the pull of consumption and investment, in a scenario of geopolitical and commercial uncertainty at the international level: National demand maintains the upward trend supported mainly on household consumption, which grows at a rate of 0.8% in the second quarter against the first, while public consumption advances 0.1%. In addition, in the second quarter, the investment continues to grow, with an advance of 1.8%.
The contribution of external demand (exports and imports) has been practically nil: Exports of goods and services have stopped 1.1 points up to 1.3 %, and imports, four tenths, up to 1.6 %.
The time productivity continues to advance in the second quarter of 2025 (0.5%), compared to the start of the year. Productivity by full -time equivalent job recorded this quarter an interannual rate of -0.4%, and productivity per hour effectively worked, 1.7%. In intertramestral terms these rates were practically nil in the case of productivity by full -time job position and 0.5% in terms of productivity per hour effectively worked.
In an interannual rate, consumption grew 3.1%, three tenths less than in the previous quarter, when the growth of household consumption up to 3.4%is decelerated five tenths. Public spending advanced 2%, similar rate to that of the preceding quarter. The investment, on the other hand, accelerated eight tenths its year -on -year advance compared to the first three months of the year, up to 5.8%.
The data “certifies the dynamism of the Spanish economy; points in a note the department led by Carlos Body. The data of the second quarter, continues to “strengthen the recent revision of the growth of the growth government to 2.7% for this 2025, in which Spain will lead to the main advanced economies.”
The results published today incorporate all the short -term information available since July 29 (Dissemination date of the advance data of the second quarter) on quarterly economic evolution.
In addition, coinciding with the update of gross results from the first quarter of 2022, in coherence with the review of the annual national accounting of Spain published on September 19 (which raised the GDP of 2024 and 2022 and reduced the 2023), The INE has carried out the review of the models of seasonal and calendar adjustment of each of the published series, says the agency.
