It has chained its second consecutive annual growth after the advance of the same percentage in 2021, and after the setback caused by the arrival of the Covid-19 pandemic.
Euskaraz irakurri: Espainiako barne produktu gordina %5,5 hazi zen 2022an
The Spanish economy grew by 5.5% in 2022, after recording a quarterly rise of 0.2% in the last quarter of the year, according to the country’s accounting data published by the National Statistics Institute (INE).
In this way, the GDP registers two consecutive increases with the same percentage (in 2021 it was also 5.5%) and that represents another recovery after the historical decrease of 11.3% caused by the outbreak of the coronavirus.
This data exceeds the forecasts made by various institutions and organizations. The Spanish government had forecast an increase of 4.4%, the IMF 5.2% and the Bank of Spain 4.6%.
The Ministry of Economy has highlighted that this growth has been achieved “in an international context of great uncertainty”, which shows the “great strength and resilience” of the Spanish economy.
Breaking down the data, national demand has contributed 2.8 points to GDP growth, while external demand has contributed 2.6 points.
Economy has pointed out that this last figure has been achieved “thanks to the dynamism of exports”. In the case of domestic demand, they have highlighted that “it has withstood the impact of inflation and rising costs well”. The Department headed by Nadia Calviño wanted to emphasize that “Spain has practically recovered the level of GDP prior to the pandemic.”
Source: Eitb
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