Posted by & filed under News.

Spain’s economy grew 3.2 percent last year, official figures showed Monday, as the country continues to power ahead following a damaging crisis marked by sky-high unemployment and rising inequalities.

The GDP growth figure, the same as that of 2015, is one of the best among European countries.

According to the last available statistics on Eurostat, the eurozone average stood at 1.7 percent year-on-year in the third quarter.

Spain’s growth was boosted by low petrol prices, high domestic demand as unemployment drops, exports and a booming tourism sector that beat all records in 2016.

The eurozone’s fourth largest economy posted 0.7 percent growth in the last quarter of 2016 compared to the previous quarter, Spain’s National Statistics Institute said.

This represents its 13th consecutive quarter of growth since the end of 2013.