September 12, 2017 / 10:30 AM / in 2 months

INE revises up Spain's GDP growth for 2016 and 2015

MADRID (Reuters) - The Spanish economy grew 3.3 percent in 2016, more than a previous estimate of 3.2 percent, National Statistics Institute INE said on Tuesday.

FILE PHOTO - A worker walks next to containers at the Total Terminal International Algeciras (TTIA) at the port of Algeciras, southern Spain January 14, 2013. REUTERS/Jon Nazca/File Photo

The institute said economic growth was stronger than previous estimates because of a greater increase in external demand, although national demand was weaker.

It also revised its GDP growth for 2015 to 3.4 percent from a previous 3.2 percent estimate.

In July, the Spanish government raised its official growth forecast to 3 percent in 2017, up from a previous forecast of 2.7 percent.

Reporting by Blanca Rodriguez and Jesús Aguado; editing by Isla Binnie

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