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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain GDP Growth Rate YoY climbed to 2.7% in January 2026
FMPQuarterlyReleased April 2026
Spain GDP Growth Rate YoY climbed to 2.7% in January 2026, released April 2026, up 0.1% from December's 2.6% reading. The reading matched the 2.7% consensus. The print is running well below the 12-month average of 3.0%. The reading is in the 19th percentile of the trailing 24-month range.
Latest Release
2.7
Actual
2.7
Consensus
2.6
Previous
Median Absolute Error
±0.27 percentage points
across last 12 releases
Last Call
Mar 2026
Predicted: 2.45
Actual: 2.7
Error: -0.25
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.52 | CRYPTO | Bearish BTC | → View |
| XAU/USD | ▼ Inverse | −0.36 | COMMODITIES | Bearish XAU | → View |
| EUR/USD | ▼ Inverse | −0.35 | FOREX | Bearish EUR | → View |
| USD/JPY | ▼ Inverse | −0.29 | FOREX | Bearish USD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Growth Rate YoY (Spain) was reported at 2.7% in April 2026. This matched the market consensus of 2.7% exactly. The reading rose from the previous value of 2.6%. Trailing 12-month context per ETL data through March 2026. Over the past 12 months, the indicator has averaged 2.8%, ranging from 2.6% to 3.1% across 7 releases.
WHY IT MATTERS
The trailing three releases averaged 2.7%, down from the prior three at 2.9%. Volatility over the past year (σ 0.14%) is lower than the prior year (σ 0.33%). In March readings over the past 3 years, GDP Growth Rate YoY has averaged 2.7%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.28%.
WHAT TO WATCH NEXT
The next release is scheduled for June 25, 2026. Same-country events in the next 14 days include Balance of Trade (Jun 23) and Gross Domestic Product QoQ (Jun 25).
Auto-generated from current model state · Refreshes on each release · Last update March 2026.
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GDP Growth Rate YoY - ES
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About GDP Growth Rate YoY — Spain
DEFINITION
The GDP Growth Rate YoY (Year-over-Year) is a key economic indicator that measures the annual change in a country's Gross Domestic Product (GDP). It provides insight into the overall health and performance of an economy, as a higher growth rate indicates a stronger and more robust economy. This indicator is closely monitored by policymakers, investors, and businesses to make informed decisions and assess the current and future economic outlook. A positive GDP Growth Rate YoY is generally seen as a positive sign of economic growth and stability, while a negative growth rate may indicate a slowdown or recession.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2026): actual 2.7 %, consensus 2.7 %. Prior reading (Oct 2025): 2.6 %. Before that (Oct 2025): 2.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with BTC/USD (Bearish BTC, r=-0.52) — a useful reference for crypto-focused traders.