Full Year GDP Growth in Spain increased to 3.20 percent in 2024 from 2.70 percent in 2023. This dataset includes a chart with historical data for Spain Full Year GDP Growth.

Spanish GDP initiated a downward trend in 2008, with its lowest point in 2013, period of time in which Spain's GDP was down to 1,020 billion euros. The Spanish Gross Domestic Product steadily recovered since that year and peaked at 1,462 billion in 2023. The negative impact of the coronavirus pandemic on the economy is noticeable in the sudden plummet experienced by the Spanish GDP in 2020, when it dropped to 1,119 billion euros. Spain's GDP has also been analyzed by quarter.

The Gross Domestic Product (GDP) in Spain expanded 2.80 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - Spain GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This statistic shows the gross domestic product (GDP) per capita in Spain from 1987 to 2024, with projections up until 2030. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. In 2024, the GDP per capita in Spain was around 35,091.65 U.S. dollars. Spain's struggling economy The Spanish economy is essential for the global market, as it remains one of the largest economies in the world as well as within Europe. The aftermath of the global financial crisis and the Eurozone crisis resulted in an economic collapse, which has yet to be completely resolved by the Spanish government. While unemployment has always been a general weakness for Spain, the occurrence of recent economic disasters has fueled the struggles in the country’s job market, resulting in a decade high unemployment rate. During the prime of both crises, not only millions of workers were laid off, but government spending also reached a new high, considerably exceeding national revenues earned. This not only resulted in further layoffs in the following years, but also burdened the country with almost double the amount of debt. Prior to the crisis, the public already assumed that the Spanish economy would decline, however the public opinion of the situation became conclusive post 2009. The lack of consumer confidence is only further damaging the Spanish economy, as investors have already pulled much capital from the troubled nation and are hesitant to reinvest their money.

The Gross Domestic Product (GDP) in Spain was worth 1722.75 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Spain represents 1.62 percent of the world economy. This dataset provides the latest reported value for - Spain GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The gross domestic product (GDP) in current prices in Spain amounted to about 1.72 trillion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 1.49 trillion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 478.98 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

Historical chart and dataset showing Spain GDP by year from 1960 to 2023.

The Gross Domestic Product (GDP) in Spain expanded 0.60 percent in the first quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - Spain GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Throughout the analyzed period of time, the Spanish GDP has been increasing steadily, with higher peaks during the second and fourth quarters every year. Spain's GDP had its highest peak during the fourth quarter of 2023, reaching nearly *** billion euros. Due to the economic crisis derived from the global pandemic, the Spanish GDP plummeted during the first two quarters of 2020, falling to approximately *** billion euros.

GDP per capita growth (annual %) in Spain was reported at 2.1796 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Spain - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Graph and download economic data for Constant GDP per capita for Spain (NYGDPPCAPKDESP) from 1960 to 2023 about Spain, per capita, real, and GDP.

Graph and download economic data for Central government debt, total (% of GDP) for Spain (DEBTTLESA188A) from 1970 to 2023 about Spain, debt, government, and GDP.

Between 2011 and 2023, the gross domestic product (GDP) inter-annual variation in current prices in Spain fluctuated greatly. Inter-annual variation is estimated to reach 9.1 percent points in 2023, a stark contrast when compared to the -9.9 percent inter-annual variation registered in 2020.

GDP growth of Spain rocketed by 17.74% from 2.7 % in 2023 to 3.2 % in 2024. Since the 7.54% drop in 2022, GDP growth sank by 49.02% in 2024. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

Key information about Spain Market Capitalization: % of GDP

• Spain Market Capitalization accounted for 80.2 % of its Nominal GDP in Dec 2023, compared with a percentage of 74.9 % in the previous year
• Spain Market Capitalization: % Nominal GDP is updated yearly, available from Dec 1995 to Dec 2023
• The data reached an all-time high of 128.5 % in Dec 2007 and a record low of 29.9 % in Dec 1995

CEIC calculates Market Capitalization as % of Nominal GDP from annual Market Capitalization and annual Nominal GDP. Bolsas y Mercados Españoles provides Market Capitalization in EUR. The Bank of Spain provides Nominal GDP in EUR.


Further information about Spain Market Capitalization: % of GDP

• In the latest reports, Bolsas y Mercados Españoles (BME) recorded a monthly P/E ratio of 12.7 in Dec 2024
• IBEX 35 closed at 11,595.0 points in Dec 2024

Key information about Spain Tax revenue: % of GDP

• Spain Tax revenue: % of GDP was reported at 23.6 % in Dec 2023.
• This records a decrease from the previous number of 24.1 % for Dec 2022.
• Spain Tax revenue: % of GDP data is updated yearly, averaging 21.5 % from Dec 1995 to 2023, with 29 observations.
• The data reached an all-time high of 24.4 % in 2007 and a record low of 17.5 % in 2009.
• Spain Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Annual.

CEIC calculates annual Tax Revenue as % of Nominal GDP from annual Tax Revenue and annual Nominal GDP. Tax Revenue is calculated as the sum of Taxes on Production, Taxes on Income and Wealth and Capital Transfer Tax. General Comptroller of the State Administration provides Tax Revenue in EUR. National Statistics Institute provides Nominal GDP in EUR.

Both Spain and the members of the Organization for Economic Co-operation and Development (OECD) recorded a contraction of Gross Domestic Product (GDP) in 2020, followed by a remarkable high growth in the following year. The positive trend continued in 2023, with the Spanish economy growing *** percent, while the OECD members recorded a **** percent.

Spain GDP: Deflator: sa: Government Final Consumption Expenditure data was reported at 110.044 2015=100 in 2024. This records an increase from the previous number of 109.302 2015=100 for 2023. Spain GDP: Deflator: sa: Government Final Consumption Expenditure data is updated yearly, averaging 92.194 2015=100 from Dec 1995 (Median) to 2024, with 30 observations. The data reached an all-time high of 110.044 2015=100 in 2024 and a record low of 58.845 2015=100 in 1995. Spain GDP: Deflator: sa: Government Final Consumption Expenditure data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Spain – Table ES.OECD.MEI: Gross Domestic Product: GDP Deflator: Seasonally Adjusted: OECD Member: Annual.

Spain GDP: Imports Of Goods And Services data was reported at 525,432.000 EUR mn in 2024. This records an increase from the previous number of 511,415.000 EUR mn for 2023. Spain GDP: Imports Of Goods And Services data is updated yearly, averaging 306,803.000 EUR mn from Dec 1995 (Median) to 2024, with 30 observations. The data reached an all-time high of 533,963.000 EUR mn in 2022 and a record low of 105,696.000 EUR mn in 1995. Spain GDP: Imports Of Goods And Services data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Spain – Table ES.OECD.MEI: Gross Domestic Product: OECD Member: Annual.

Historical chart and dataset showing Spain trade to gdp ratio by year from 1970 to 2023.