Ben Pawlowski
SPAIN’S economy continues to buck the worldwide trend after posting a GDP growth figure of 0.8% for the quarter of 2025 – a percentage point higher than initially expected.
Despite a gloomy international outlook – fuelled in part by Donald Trump’s tariff war against the European Union and China – the Spanish economy continues to go from strength-to-strength.
The data, confirmed today by the National Statistics Institute (INE), solidifies Spain’s position as the fastest-growing major economy in the Eurozone with year-on-year growth of 3.1% – three percentage points higher than predicted by the INE in late July.
The 0.8% rise in GDP between April and June is also Spain’s eighth consecutive quarterly rise of 0.6% or more.
The growth was fuelled by a 0.8% increase in household consumption, while investment leapt by 1.8% as traders increasingly view Spain’s strong economy as a safe bet.
READ MORE: EXPLAINER: How will Trump’s controversial new EU trade deal impact Spain’s economy?
Domestic demand was the main driver of economic activity, helping to offset a slowdown in external demand caused by global uncertainty.
While exports still grew by 1.3%, the figure is down on the 2.4% rise seen in the first three months of 2025.
The primary sector – involving the extraction and production of raw materials – was the only sector of the economy to contract in Q2 with a 6.4% fall.
Elsewhere, industry posted a 0.9% rise, while manufacturing bettered its Q1 growth with a 1% jump.
Construction increased by 2.3% and services grew 1%.
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