Description
Spain Real GDP in US Dollars is released by the National Statistics Institute (Instituto Nacional de Estadística, INE). This indicator measures the value of all goods and services produced in Spain, adjusted for inflation and expressed in US dollars. It is used to assess the economic performance and growth of Spain. A higher Real GDP figure suggests a strong economy, while a lower figure indicates economic difficulties.
Real GDP is calculated by adjusting Nominal GDP for inflation using the GDP deflator to remove the effect of price changes. It includes the total value of domestic consumption, investment, government spending, and net exports (exports minus imports).
The data is typically updated quarterly, with preliminary estimates released approximately one month after the end of the quarter and final estimates provided after two months.