According to the International Monetary Fund (IMF), real GDP of Spain is forecast to grow by 6.4 percent in 2022 and 2.6 percent in 2023.
1) Real GDP growth rate: 2010 – 0.2 percent, 2011 – -0.8 percent, 2012 – -3.0 percent, 2013 – -1.4 percent, 2014 – 1.4 percent, 2015 – 3.8 percent, 2016 – 3.0 percent, 2017 – 3.0 percent, 2018 – 2.3 percent, 2019 – 2.1 percent, 2020 – -10.8 percent and 2021 – 5.7 percent.
Gross domestic product is the market value of all goods and services made in a country in a year. Annual percentages of constant price GDP are year-on-year changes. Expenditure-based GDP is total final expenditures at purchasers’ prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services.
2) Projected real GDP growth rate: 2022 – 6.4 percent, 2023 – 2.6 percent, 2024 – 2.0 percent, 2025 – 1.6 percent and 2026 – 1.5 percent.
3) Nominal GDP in current prices, billions of Euro (code: EUR; sign: €): 2010 – €1,072.709 billion, 2011 – €1,063.763 billion, 2012 – €1,031.099 billion, 2013 – €1,020.348 billion, 2014 – €1,032.158 billion, 2015 – €1,077.590 billion, 2016 – €1,113.840 billion, 2017 – €1,161.867 billion, 2018 – €1,203.259 billion, 2019 – €1,244.375 billion, 2020 – €1,121.948 billion and 2021 – €1,205.648 billion.
4) Projected nominal GDP in current prices, billions of Euro: 2022 – €1,300.879 billion, 2023 – €1,354.826 billion, 2024 – €1,405.189 billion, 2025 – €1,451.524 billion and 2026 – €1,498.460 billion.
5) Nominal GDP in current prices, billions of U.S. dollars: 2010 – $1,423.270 billion, 2011 – $1,480.450 billion, 2012 – $1,325.583 billion, 2013 – $1,355.162 billion, 2014 – $1,371.576 billion, 2015 – $1,195.721 billion, 2016 – $1,232.573 billion, 2017 – $1,312.076 billion, 2018 – $1,421.639 billion, 2019 – $1,393.200 billion, 2020 – $1,280.459 billion and 2021 – $1,439.958 billion.
Values are based upon GDP in national currency converted to U.S. dollars using market exchange rates (yearly average).
6) Projected nominal GDP in current prices, billions of U.S. dollars: 2022 – $1,570.910 billion, 2023 – $1,659.884 billion, 2024 – $1,742.699 billion, 2025 – $1,819.731 billion and 2026 – $1,893.262 billion.
7) GDP PPP (Purchasing power parity) in current prices, billions of international dollars: 2010 – $1,471.250 billion, 2011 – $1,489.595 billion, 2012 – $1,483.647 billion, 2013 – $1,512.074 billion, 2014 – $1,558.307 billion, 2015 – $1,621.505 billion, 2016 – $1,733.039 billion, 2017 – $1,843.933 billion, 2018 – $1,931.225 billion, 2019 – $2,006.709 billion, 2020 – $1,811.093 billion and 2021 – $1,984.013 billion.
GDP PPP = gross domestic product based on purchasing power parity, international dollars. Average consumer price level in the US = 100%.
GDP PPP takes into account differences in the cost of living in different countries. Purchasing power parity means how much money would be needed to buy the same item basket in two different countries. Using a PPP basis is arguably more useful when comparing generalized differences in living standards between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange rates, which may distort the real differences in income.
8) Projected GDP PPP in current prices, billions of international dollars: 2022 – $2,168.787 billion, 2023 – $2,278.643 billion, 2024 – $2,376.311 billion, 2025 – $2,466.113 billion and 2026 – $2,555.184 billion.
9) Nominal GDP per capita in current prices, U.S. dollars: 2010 – $30,566.9, 2011 – $31,676.7, 2012 – $28,344.8, 2013 – $29,085.0, 2014 – $29,524.8, 2015 – $25,764.2, 2016 – $26,535.5, 2017 – $28,196.8, 2018 – $30,423.2, 2019 – $29,576.3, 2020 – $27,179.4 and 2021 – $30,536.9.
GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.
10) Projected nominal GDP per capita in current prices, U.S. dollars: 2022 – $33,171.2, 2023 – $34,906.8, 2024 – $36,508.5, 2025 – $37,985.7 and 2026 – $39,389.0.
11) GDP PPP per capita in current prices, international dollars: 2010 – $31,597.3, 2011 – $31,872.4, 2012 – $31,724.6, 2013 – $32,452.7, 2014 – $33,544.4, 2015 – $34,938.6, 2016 – $37,309.9, 2017 – $39,626.5, 2018 – $41,328.4, 2019 – $42,600.4, 2020 – $38,442.9 and 2021 – $42,074.5.
Expressed in GDP in PPP dollars per person. Data are derived by dividing GDP in PPP dollars by total population.
12) Projected GDP PPP per capita in current prices, international dollars: 2022 – $45,795.9, 2023 – $47,919.1, 2024 – $49,782.2, 2025 – $51,478.5 and 2026 – $53,160.2.
13) GDP based on purchasing-power-parity (PPP) share of world total, percent: 2010 – 1.6 percent, 2011 – 1.6 percent, 2012 – 1.5 percent, 2013 – 1.4 percent, 2014 – 1.4 percent, 2015 – 1.5 percent, 2016 – 1.5 percent, 2017 – 1.5 percent, 2018 – 1.5 percent, 2019 – 1.5 percent, 2020 – 1.4 percent and 2021 – 1.4 percent.
Expressed in percent of world GDP in PPP dollars.
14) Projected GDP based on purchasing-power-parity (PPP) share of world total, percent: 2022 – 1.4 percent, 2023 – 1.4 percent, 2024 – 1.4 percent, 2025 – 1.3 percent and 2026 – 1.3 percent.
15) Deflator of Gross domestic product (index to the previous year), percent: 2010 – 100.1 percent, 2011 – 100.0 percent, 2012 – 99.9 percent, 2013 – 100.4 percent, 2014 – 99.8 percent, 2015 – 100.5 percent, 2016 – 100.3 percent, 2017 – 101.3 percent, 2018 – 101.2 percent, 2019 – 101.3 percent, 2020 – 101.1 percent and 2021 – 101.6 percent.
The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation.
16) Projected deflator of Gross domestic product (index to the previous year), percent: 2022 – 101.4 percent, 2023 – 101.5 percent, 2024 – 101.7 percent, 2025 – 101.7 percent and 2026 – 101.7 percent.
17) Output gap in percent of potential GDP, percent of potential GDP: 2010 – -0.9 percent, 2011 – -2.9 percent, 2012 – -4.3 percent, 2013 – -7.6 percent, 2014 – -9.0 percent, 2015 – -7.8 percent, 2016 – -4.8 percent, 2017 – -2.8 percent, 2018 – 0.0 percent, 2019 – 0.5 percent, 2020 – -8.5 percent and 2021 – -5.4 percent.
The output gap is actual minus potential output, as a percentage of potential output. Estimates of the output gap are subject to significant margins of uncertainty.
18) Projected output gap in percent of potential GDP, percent of potential GDP: 2022 – -1.0 percent.
19) Ratio of the average price level in Spain to the average price level in the United States, percent: 2010 – 96.7 percent, 2011 – 99.4 percent, 2012 – 89.3 percent, 2013 – 89.6 percent, 2014 – 88.0 percent, 2015 – 73.7 percent, 2016 – 71.1 percent, 2017 – 71.2 percent, 2018 – 73.6 percent, 2019 – 69.4 percent, 2020 – 70.7 percent and 2021 – 72.6 percent.
20) Projected ratio of the average price level in Spain to the average price level in the United States, percent: 2022 – 72.4 percent, 2023 – 72.8 percent, 2024 – 73.3 percent, 2025 – 73.8 percent and 2026 – 74.1 percent.
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Tags: English, GDP, GDP PPP, projected GDP, IMF
Source: BusinessForecast.by