During the fourth quarter of 2017, Spanish GDP maintained its year-over-year growth rate constant when compared to the previous quarter, at 3.06%. This behavior was explained by the acceleration of domestic demand, offset by the slowdown in exports. The unemployment rate increased by 0.17 p.p. to 16.55%, while the year-on-year employment growth rate decelerated by 0.13 p.p., reaching 2.57%. With respect to the exchange rate, the euro recorded a slight appreciation against the dollar, standing at 1.18 $/€ in the fourth quarter of the year.
For more information, click here to access the executive document in pdf (only avalaible in Spanish).
© GMS Management Solutions, S.L., 2018. All rights reserved. The information contained on this publication is of a general nature and does not constitute a professional opinion or an advisory service. The data used in this publication come from public sources. GMS Management Solutions, SL assumes no liability for the veracity or accuracy of such data.