Spain's Economic Growth Outperforms in Q2 2025

In a surprising turn of events, Spain's gross domestic product (GDP) showcased a robust quarterly growth of 0.7% in the second quarter of 2025, surpassing analysts' forecasts. This preliminary data was unveiled by the National Institute of Statistics (INE) on Tuesday, marking a significant milestone in the country's economic recovery.

Annual Growth Holds Steady

Year-over-year, the GDP growth remained consistent at 2.8%, mirroring the previous quarter's performance. A detailed breakdown reveals that domestic demand played a pivotal role, contributing 3.4 points to the growth. Conversely, foreign demand exerted a slight drag, subtracting 0.6 points from the overall figure.

Trade Dynamics in Focus

The quarter also witnessed a notable uptick in trade activities. Exports of goods and services increased by 1.1% quarterly, while imports saw a 1.7% rise. On an annual basis, exports and imports grew by 3.3% and 5.6%, respectively, highlighting the dynamic nature of Spain's trade sector.