The economy maintains vigor and grows 0.6% in the first quarter thanks to the strength of consumption

The economy of Spain maintains vigor in the first quarter. The GDP (Gross Domestic Product) from our country grew 0.6% compared to the last quarter of 2024, mainly thanks to the strength of families consumption and the rebound in companies investment. That is, thanks to domestic or national demand, in full burst of the commercial war.

The year -on -year growth between January and March (compared to the same period of 2024) was 2.8%, according to the advanced data of the national accounting advanced on Tuesday by the INE. The foreign sector fell four tenths to this progress from GDP. In the set of 2024, the economy of Spain advanced 3.2% with respect to 2023. With these figures, our country continues to lead the main economies of the Eurozone.

The interannual rebound of consumption was 3.5%, “favored by the gain of purchasing power of workers and the positive evolution of employment,” sources from the Ministry of Economy explain. Meanwhile, the expansion of investment is prolonged, especially in team goods, which reached a growth of 4.1% year -on -year.

This positive photo of the economy of our country is completed that “all branches of activity are contributing positively to economic growth,” according to the sources of economy.

In addition, this Tuesday, growth is also accompanied by the containment of inflation, which in April is reduced by a tenth to 2.2%.

“The data we have known reflects the maintenance of the strength and balanced growth of the Spanish economy, which will be the economy that grows the most in 2025, according to the forecasts of the International Monetary Fund (IMF),” says the Ministry of Economy.

“Spain continues to compatible with the highest economic growth among the economies developed with moderate inflation, despite the high uncertainty of the international environment. This is allowing these excellent macroeconomic data to also be transferred to micro data, improving the situation and economic perspectives of our companies and families,” the department that Carlos Body leads.