Unauthorized distribution, transmission or republication strictly prohibited. Spain gdp for 2018 was $1,875.24B, a 0.97% increase from 2017. A welcome email is on its way. Spain gdp per capita for 2016 was $26,505, a 3.01% increase from 2015. A weaker-than-projected fourth quarter GDP outturn would make the projected 2021 real GDP growth difficult to achieve," the IMF said, citing possible further tightening of pandemic containment measures as a risk. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. The fourth quarter could however still undermine growth projections for 2021, the IMF said in a report. The fourth quarter could however still undermine growth projections for 2021, the IMF said. This advertisement has not loaded yet, but your article continues below. The IMF also said that banks' profitability and lending capacity could deteriorate as bad loans would will likely rise "disproportionately" in Spain's non-financial corporate sector upon the expiration of some borrower support measures. Instead, the IMF expects 7.2% growth for 2021. Article content. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. If you don't see it please check your junk folder. Author of the article: Reuters. Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. We encountered an issue signing you up. Spain gdp for 2018 was $1,915.41B, a 0.85% increase from 2018. Spain gdp for 2018 was $1,937.04B, a 1.13% increase from 2018. (Reporting by Belen Carreno, Jesus Aguado and Andrei Khalip, editing by Andrei Khalip). We apologize, but this video has failed to load. Please try again. Spain's gross domestic product shrank by 8.7 percent year-on-year in the third quarter of 2020, easing from a record contraction of 21.5 percent seen in the previous three-month period and compared with market expectations of a 12.2 percent fall, a preliminary estimate showed. Read more about cookies here. We ask you to keep your comments relevant and respectful. 2020 © Business Recorder. LISBON — The International Monetary Fund said on Friday that Spain’s economic contraction may be less severe this year than the 12.8% the fund predicted earlier this year thanks to a strong rebound in the third quarter. Spain gdp per capita for 2017 was $28,170, a 6.28% increase from 2016. IMF more upbeat on Spain's 2020 GDP slump, cautious on 2021 rebound, Govt OKs funding for airline PIA's redundancy scheme, 'Baseless speculation': FO rejects reports claiming Pakistan under pressure to recognize Israel, Free and fair polls: Govt to introduce electronic voting in country, announces PM, PM gives approval for advance booking of COVID-19 vaccine, Trump asked for options to attack Iran’s nuke sites after election loss: Report, Gilgit Baltistan Election: PTI leads in counting with nine seats as no party secures majority, Trump poised to settle for partial Afghan withdrawal, despite Pentagon shakeup, PDM to go ahead with its rally in Peshawar despite ban on public meetings, WHO expresses cautious optimism on COVID-19 vaccine development progress, Government delineates new approach to subsidies, HEC divestment: CCoP approves transaction structure, Bookings for Morris Garages SUVs (MG HS) Have Started in Pakistan, Al-Shaheer Corporation decide to increase share capital by Rs 1bn, Russian delegation arrives in Pakistan to discuss NSGPP, OGRA in contravention with Petroleum Levy Ordinance 1961, Cabinet decision: SSGCL, Pakistan’s CCL Pharmaceuticals acquire UAE’s StratHealth Pharma, Pakistan’s October FDI witness yearly increase of over 150pc. All Rights Reserved. Spain gdp for 2018 was $1,899.25B, a 1.28% increase from 2018. This statistic shows the growth of the real gross domestic product (GDP) in Spain from 2009 to 2019, with projections up until 2021. The Fund also said that banks’ profitability and lending capacity could deteriorate as bad loans would will likely rise “disproportionately” in Spain’s non-financial corporate sector upon the expiration of some borrower support measures. The IMF did not give a new forecast for this year, even if it said it could be better than it had initially predicted. After an unprecedented collapse in activity in Q2, recent data hints at a recovery that is already losing steam. There was an error, please provide a valid email address. Publishing date: Nov 13, 2020 • • < 1 minute read. "In addition to the EU funds impact, the evolution of the pandemic will shape the recovery. IMF more upbeat on Spain's 2020 GDP slump, cautious on 2021 rebound, tap here to see other videos from our team.