Domestic Demand in Spain
Spain's economy recorded an average growth rate of domestic demand at 1.4% in the decade to 2022, slightly above the 1.3% average for the Euro Area. In 2022, domestic demand growth was 2.9%.
Spain Demand Chart
Note: This chart displays Domestic Demand (ann. var. %) for Spain from 2014 to 2023.
Source: Macrobond.
Spain Demand Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Domestic Demand (ann. var. %) | 1.6 | -9.0 | 7.0 | 3.9 | 1.7 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Spanish demand projections for the next ten years from a panel of 16 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable demand forecast available for Spanish demand.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Spanish demand projections.
Want to get access to the full dataset of Spanish demand forecasts? Send an email to info@focus-economics.com.