Description
Spain Nominal Gross Domestic Product (GDP) in US Dollars is compiled and released by the National Statistics Institute of Spain (Instituto Nacional de Estadística, INE). This indicator measures the total market value of all final goods and services produced within Spain during a specific period, expressed in current US dollars. It is commonly used to assess the overall economic performance of Spain. A higher Nominal GDP figure indicates economic growth, while a lower figure may suggest stagnation or contraction.
Nominal GDP is calculated by adding up the market value of all final goods and services produced in Spain during a given period, without adjusting for inflation. It includes consumption, investment, government spending, and net exports (exports minus imports).
The data is updated quarterly and is typically released within 60 days after the end of the quarter.