As shown in this statistic, the gross domestic product (GDP) in current prices in Spain stands at approximately 1.80 trillion U.S. dollars in 2025.Fluctuating rise between 1980 and 2025A total increase by approximately 1.57 trillion U.S. dollars can be seen between 1980 and 2025. This increase however did not happen continuously.Continuous rise between 2025 and 2030The GDP will stand at roughly 2.20 trillion U.S. dollars in 2030, according to forecasts. This indicates an overall increase by approximately 401.70 billion U.S. dollars since 2025. This growth reflects a steady 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.

The Gross Domestic Product (GDP) in Spain was worth 1620.09 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Spain represents 1.54 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.

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 385 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 250 billion euros.

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.

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.

Spain's quarterly gross domestic product (GDP) per capita at current prices for the first quarter of 2024 was approximately 7,580 euros. This was an decrease in the value obtained in the last quarter of 2023.

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.

GDP Constant Prices in Spain increased to 411366 EUR Million in the first quarter of 2025 from 406740 EUR Million in the fourth quarter of 2024. This dataset provides the latest reported value for - Spain GDP Current Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Spain GDP for 2023 was 1.620 trillion US dollars, a 12% increase from 2022.

<ul style='margin-top:20px;'>

<li>Spain GDP for 2022 was <strong>1.446 trillion US dollars</strong>, a <strong>1.01% decline</strong> from 2021.</li>
<li>Spain GDP for 2021 was <strong>1.461 trillion US dollars</strong>, a <strong>13.29% increase</strong> from 2020.</li>
<li>Spain GDP for 2020 was <strong>1.290 trillion US dollars</strong>, a <strong>8.1% decline</strong> from 2019.</li>
</ul>GDP at purchaser's prices 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. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

According to the source, the Balearic Islands and the Community of Madrid would see the largest GDP increase in the country in 2024, with a growth of three and 2.9 percent, respectively. The expected recovery in the tourist sector and the increasing use of European funds are among the reason for such forecasted growth.

The Gross Domestic Product per capita in Spain was last recorded at 28569.84 US dollars in 2023. The GDP per Capita in Spain is equivalent to 226 percent of the world's average. This dataset provides the latest reported value for - Spain GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Spain Private Consumption: % of GDP

• Spain Private Consumption accounted for 54.5 % of its Nominal GDP in Dec 2024, compared with a ratio of 56.2 % in the previous quarter.
• Spain Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1980 to Dec 2024, with an average share of 58.9 %.
• The data reached an all-time high of 68.6 % in Sep 1981 and a record low of 53.3 % in Jun 2020.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. National Statistics Institute provides Private Consumption Expenditure in EUR and Nominal GDP in EUR, based on ESA 2010. Private Consumption as % of Nominal GDP prior to Q1 1995 is based on ESA 1995 with benchmark year 1995.


Related information about Spain Private Consumption: % of GDP

• In the latest reports, Spain GDP expanded 4.2 % YoY in Mar 2023.
• Its Nominal GDP reached 378.4 USD bn in Mar 2023.
• Spain GDP Per Capita reached 30,157.4 USD in Dec 2021.
• Its Gross Savings Rate was measured at 23.7 % in Sep 2024.

Graph and download economic data for Real Gross Domestic Product for Spain (CLVMNACSCAB1GQES) from Q1 1995 to Q1 2025 about Spain, real, and GDP.

Forecast: Total Tourism GDP in Spain 2024 - 2028 Discover more data with ReportLinker!

Except for a sudden fall in the second quarter of 2020 due to the pandemic, the seasonally adjusted GDP in Spain was increasing steadily during the period of time under consideration, reaching figures of approximately 384 billion euros during the second quarter of 2024. Spain's GDP has also been analyzed in current prices by year and by quarter.

Graph and download economic data for Household Debt to GDP for Spain (HDTGPDESA163N) from 1999 to 2024 about Spain, debt, households, and GDP.

Key information about Spain Government Debt: % of GDP

• Spain Government debt accounted for 104.3 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 105.3 % in the previous quarter.
• Spain government debt to GDP ratio data is updated quarterly, available from Mar 1995 to Sep 2024.
• The data reached an all-time high of 124.2 % in Mar 2021 and a record low of 34.9 % in Mar 2008.

Banco de España provides quarterly Government Debt as % of Nominal GDP based on ESA 2010.


Related information about Spain Government Debt: % of GDP

• In the latest reports, Spain National Government Debt reached 1,823.5 USD bn in Sep 2024.
• The country's Nominal GDP reached 378.4 USD bn in Mar 2023.

GDP from Services in Spain increased to 281721 EUR Million in the first quarter of 2025 from 279838 EUR Million in the fourth quarter of 2024. This dataset provides - Spain Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Spain GDP per capita for 2023 was $32,677, a 10.12% increase from 2022.

<ul style='margin-top:20px;'>

<li>Spain GDP per capita for 2022 was <strong>$29,675</strong>, a <strong>2.67% decline</strong> from 2021.</li>
<li>Spain GDP per capita for 2021 was <strong>$30,489</strong>, a <strong>12.99% increase</strong> from 2020.</li>
<li>Spain GDP per capita for 2020 was <strong>$26,984</strong>, a <strong>8.78% decline</strong> from 2019.</li>
</ul>GDP per capita is gross domestic product divided by midyear population. 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. Data are in current U.S. dollars.

Key information about Spain Investment: % of GDP

• Spain Investment accounted for 22.1 % of its Nominal GDP in Dec 2024, compared with a ratio of 19.5 % in the previous quarter.
• Spain investment share of Nominal GDP data is updated quarterly, available from Mar 1980 to Dec 2024, with an average ratio of 23.0 %.
• The data reached an all-time high of 31.6 % in Dec 2006 and a record low of 13.9 % in Sep 1983.

CEIC calculates Investment as % of Nominal GDP from quarterly Nominal Gross Capital Formation and quarterly Nominal GDP. National Statistics Institute provides Nominal Gross Capital Formation in EUR and Nominal GDP in EUR, based on ESA 2010. Investment as % of Nominal GDP prior to Q1 1995 is based on ESA 1995.


Related information about Spain Investment: % of GDP

• In the latest reports, Spain GDP expanded 4.2 % YoY in Mar 2023.
• Spain Nominal GDP reached 378.4 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 6.2 % in Mar 2023.
• Spain GDP Per Capita reached 30,157.4 USD in Dec 2021.
• Its Gross Savings Rate was measured at 23.7 % in Sep 2024.