During the fourth quarter of 2017, Spanish GDP maintained its year-over-year growth rate constant when compared to the previous quarter, at 3.06%. This behavior was explained by the acceleration of domestic demand, offset by the slowdown in exports. The unemployment rate increased by 0.17 p.p. to 16.55%, while the year-on-year employment growth rate decelerated by 0.13 p.p., reaching 2.57%. With respect to the exchange rate, the euro recorded a slight appreciation against the dollar, standing at 1.18 $/€ in the fourth quarter of the year.
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