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Europe, News feed Date: 01 July, 2024

Spanish GDP Grows in the 1st Quarter of 2024

Spanish GDP Grows in the 1st Quarter of 2024

We’ve previously reported on the remarkable resilience of the economy of Spain. Spain’s Instituto Nacional de Estadística (INE) recently published its Q1 2024 accounts regarding the country’s Gross Domestic Product (GDP). In this article, we’ll discuss this latest news about Spanish GDP in greater detail.

What Is GDP and How Has It Grown in Spain?

According to Investopedia, “Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period.”

“As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a given country’s economic health.”

Volume wise, Spanish GDP was 0.8% up on the fourth quarter of 2023. In terms of year-on-year comparison, it’s 2.5% higher. That contrasts favourably to the 2.1% recorded in Q4 2023.

The Latitude View of the Spanish GDP News

Our Chief Operating Officer is David Regueiro Santalla. A member of the Spanish Business Council, he keeps a close eye on economic developments in his home country. “If you’re looking to invest in a Spanish Golden Visa, there’s no time like now,” insists Regueiro.

“The Spanish economy looks like continuing onwards and upwards. The INE is a respected organization that reports on Spain-related statistics with authority and responsibility. That means you should interpret this recognition as a seal of approval,” continues our COO.

“You should also take advantage of the real estate route to Spanish Residency by Investment while you can as the government has signalled its intent to seal that path off,” concludes Regueiro.

Check out the Q1 2024 Spanish GDP stats.

Are You Eligible for a Spanish Golden Visa in 2024?

Do you want to know if you qualify to apply for Spanish Residency by Investment? You’re going to need to talk to a leading investment migration consultancy such as Latitude Group. So, don’t delay and contact us today.


Spanish GDP Grows in the 1st Quarter of 2024

Date: 01 July, 2024

Posted in: Europe, News feed