Meny Lukk

Spain in English website 31.01.2024

Spain’s economic growth was slightly stronger than expected in 2023 as gross domestic product picked up pace at the end of last year, official data showed on Tuesday.

The eurozone’s fourth largest economy increased by 0.6% between October and December, up from 0.4% in the previous quarter, and driven largely by household consumption, according to the National Statistics Office (INE).

The economy grew by 2.5% during 2023 despite slowing growth elsewhere in Europe and rising interest rates, surpassing the government’s forecast of 2.4%.