24 February, 2016

GDP and Historical Archive of the Spanish Business Cycle

Quarterly Frequency

PeakTroughLength of RecessionLength of ExpansionExplanation
1974Q41975Q22 quarters13 quartersThe Oil recessions
1978Q31979Q23 quarters51 quarters
1992Q11993Q36 quarters59 quartersThe European Crisis
2008Q22009Q46 quarters4 quartersThe Double Recession
2010Q42013Q212 quarters27 quarters
2019Q42020Q22 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.