Spanish economy expands 5.5% in 2022

ISTANBUL

The Spanish economy expanded 5.5% in 2022 versus the previous year, in line with the market expectations, official figures showed on Friday.

The Spanish Statistical Office (INE) stated that the country's gross domestic product also grew 2.6% in the last quarter of 2022 on a yearly basis.

In the third quarter of 2022, the annual GDP growh rate was at 4.7%.

Gross national income rose 7% in the last quarter on an annually basis.