GDP and Historical Archive of the Spanish Business Cycle

Quarterly Frequency

Peak	Trough	Length of Recession	Length of Expansion	Explanation
1974Q4	1975Q2	2 quarters	13 quarters	The Oil recessions
1978Q3	1979Q2	3 quarters	51 quarters
1992Q1	1993Q3	6 quarters	59 quarters	The European Crisis
2008Q2	2009Q4	6 quarters	4 quarters	The Double Recession
2010Q4	2013Q2	12 quarters	27 quarters
2019Q4	2020Q2	2 quarters	-	The COVID-19 recession peak The COVID-19 recession trough

Notes: Data on Quarterly National Accounts by the Instituto Nacional de Estadística (INE) available from 1970Q1. Data from 1995 based on the new 2010 base of the Spanish National Accounts, following SEC-2010. Peak and trough are included in the duration of the recession. Both are excluded from expansions.

Suggested citation:
Spanish Economic Association (2015), “Chronology of the Spanish Business Cycle”, Spanish Business Cycle Dating Committee.