The Spanish economy grew by 2.5% in 2023, a tenth more than the government estimates, after an increase in the fourth quarter of the year of 0.6%, two tenths more than in the previous one, according to the National Institute of Statistics (INE), which confirms the data anticipated by the executive.
On an annual basis, in the fourth quarter GDP recorded an increase of 2%, a tenth more than in the same period of 2022, driven by household consumption and investments.
This is growth for the third consecutive year, although more moderate than that of 6.4% in 2021 and that of 5.8% in 2022.
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