The results published today incorporate all the current information available since 30 July (date of dissemination of the advance results of the second quarter of 2026) on the quarterly economic evolution. This update covers not only the information that was unavailable in the advance estimate published in July (typically the third month of the quarter, June), but also the revision of baseline data for previous quarters.
In particular, they integrate quarterly information on the Balance of Payments published by the Bank of Spain last 23 September, and on the General Government Accounts, which will be released on 30 September by the General Intervention of the State Administration.
In addition, and in accordance with the revision policy of this operation, coinciding with the updating of results since the first quarter of 2023 (in accordance with the review of the Annual National Accounts of Spain: major aggregate published last 18 September), the seasonal and calendar adjustment models of each of the published series have been reviewed.
On the other hand, the national accounts will undergo a new extraordinary revision in 2027 due mainly to the incorporation of data on transversal reservations (established by the European Commission for all EU countries within the same timeframe) and to methodological changes in information sources.
The European Commission (Eurostat) has verified the sources and methods used to calculate the GNI of EU countries. This verification has not revealed any specific issues in Spain regarding its reliability, consistency, and completeness. However, it has identified two issues that all Member States need to continue working on in order to ensure the comparability of their GNI estimates.
One of these aspects refers to the treatment of non-resident operators for VAT purposes. Eurostat has set a deadline for studying the due registration of these operators' commercial transactions in the national accounts, which ends on 30 September 2026.
Their impact on GNI is considered to be above the materiality threshold (set at 0.1% of each country's GNI) and must be incorporated in 2027, for data from 2018 onwards, into the GNI estimates sent to Eurostat in compliance with the transmission program of the European System of National Accounts 2010. This revision will also be incorporated into the national publication in 2027 to maintain its alignment with EU publications.
This information relating to 2027 will be expanded in the press release with regard to the December 2026 publication.
In accordance with the Commission's Delegated Regulation (EU) 2023/137, the INE has begun to work on incorporating the new National Classification of Economic Activities CNAE−2025 in all its statistical operations. In the case of the CNTR, the first publication of results with CNAE−2025 will take place in September 2030.
The INE has updated today both the seasonally and calendar adjusted data of the Quarterly Spanish National Accounts from the first quarter of 2025. All the results of this operation are available at INEbase.
