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.

• 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.

Spain recorded a Government Debt to GDP of 101.80 percent of the country's Gross Domestic Product in 2024. This dataset provides - Spain Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This statistic shows the national debt of Spain from 2020 to 2023, with projections up until 2030. In 2023, the national debt in Spain was around 1,780.48 billion U.S. dollars. For comparison, the Greek debt amounted to approximately 401.71 billion U.S. dollars that same year. Spanish economy The Spanish economy, though in a state of turmoil, has been one of the world’s largest and most important economies. As a member of the European Union and the World Trade Organization, Spain often plays an important role in modern day economics. Spain maintains several economic strengths, some of which include a modern high-tech infrastructure as well as an abundance of exports, which rank as some of the highest in the world. Additionally, Spain’s economical sectors, principally built upon tourism and automobiles, also rank amongst some of the most significant around the globe. Tourism plays an important role in Spain’s economy, with millions of tourists visiting the plentiful amount of beaches during the summer and historical sites all year round. In the past, Spain was considered the most frequently visited country in the world, however, it fell several places in the past couple years, primarily because of the country’s ongoing economical struggles. Tourism is arguably the most significant sector in Spain, making up a large percentage of the country’s entire GDP. The Spanish automobile industry has receded for several years,but still makes notable contributions to the economy and has some of the more powerful car manufacturers in the world.

Government Debt in Spain increased to 1667500495 EUR Thousand in the first quarter of 2025 from 1620569395 EUR Thousand in the fourth quarter of 2024. This dataset provides the latest reported value for - Spain General Government Debt - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The ratio of national debt to gross domestic product (GDP) of Spain was estimated at approximately 101.82 percent in 2024. Between 1980 and 2024, the ratio rose by around 85.71 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio is expected to drop by about 8.85 percentage points between 2024 and 2030, showing a continuous downward movement throughout the period.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

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.

Key information about Spain National Government Debt

• Spain National Government Debt reached 1,823.5 USD bn in Sep 2024, compared with 1,741.7 USD bn in the previous quarter.
• Spain National Government Debt data is updated quarterly, available from Dec 1990 to Sep 2024.
• The data reached an all-time high of 1,823.5 USD bn in Sep 2024 and a record low of 207.1 USD bn in Jun 1991.

• In the latest reports, Spain Consolidated Fiscal Balance recorded a deficit equal to 3.3 % of its Nominal GDP in Jun 2024.
• The country's Government debt accounted for 104.4 % of its Nominal GDP in Sep 2024.
• Spain Nominal GDP reached 378.4 USD bn in Mar 2023.

In the third quarter of 2024, Greece's national debt was the highest in all the European Union, amounting to 158 percent of Greece's gross domestic product. In spite of Greece's total being high by EU standards, it marks a substantial decrease from the historical high point reached by the country's national debt of 207 percent of GDP in 2020. Italy, France, Spain, Belgium, and Portugal also all have government debt worth over one year's production of their economies, while the small Baltic country of Estonia has the smallest national debt when compared with GDP, at only 24 percent. In debitum incrementum?A country’s national debt, also known as government debt or public debt, is defined as all borrowings owed by the government of a country. It usually comprises internal debt – owed to other governmental departments – and external debt, which is held by the public and is owed to government bond owners. National debt can be caused by a struggling economy in general, or by low tax income, which usually leads to money being borrowed from other governments for support, which in turn cannot be paid back right away. At first glance, a high national debt is not always a sign of a struggling economy – but since increasing debt can slow down economic growth significantly, it is imperative for the respective government to seek a steady reduction in the long run.

Historical dataset showing Spain national debt by year from 1970 to 2023.

This dataset provides values for GOVERNMENT DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Central government debt, total (% of GDP) in Spain was reported at 107 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Spain - Central government debt, total (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Spain ES: Central Government Debt: Total data was reported at 1,164,774.959 EUR mn in 2016. This records an increase from the previous number of 1,128,716.992 EUR mn for 2015. Spain ES: Central Government Debt: Total data is updated yearly, averaging 360,396.075 EUR mn from Dec 1970 (Median) to 2016, with 24 observations. The data reached an all-time high of 1,164,774.959 EUR mn in 2016 and a record low of 250,356.276 EUR mn in 1995. Spain ES: Central Government Debt: Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Spain – Table ES.World Bank.WDI: Government Revenue, Expenditure and Finance. Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; ;

This statistic shows the percentage change on the previous year for general government consolidated gross debt as a share of gross domestic product (GDP) in Spain from 2011 to 2017. The largest change in this period occurred in 2012 when there was an increase of 14.2 percent.

Graph and download economic data for General government gross debt for Spain (GGGDTAESA188N) from 1980 to 2023 about Spain, debt, gross, and government.

Central government debt, total (current LCU) in Spain was reported at 1607101857166 LCU in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Spain - Central government debt, total (current LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

This horizontal bar chart displays central government debt (% of GDP) by region using the aggregation average, weighted by gdp in Spain. The data is about countries per year.

Spain ES: Gross Public Debt: % of GDP: Central Government: Debt Securities, Loans, Currency and Deposits data was reported at 87.071 % in Jun 2018. This records a decrease from the previous number of 87.339 % for Mar 2018. Spain ES: Gross Public Debt: % of GDP: Central Government: Debt Securities, Loans, Currency and Deposits data is updated quarterly, averaging 51.035 % from Sep 1995 (Median) to Jun 2018, with 92 observations. The data reached an all-time high of 88.282 % in Mar 2016 and a record low of 1.333 % in Sep 1995. Spain ES: Gross Public Debt: % of GDP: Central Government: Debt Securities, Loans, Currency and Deposits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Spain – Table ES.World Bank.QPSD: Gross Public Debt: % of GDP: Central Government.

Spain ES: Gross Public Debt: % of GDP: Central Government: Debt Securities: Market Value data was reported at 93.800 % in Mar 2018. This records an increase from the previous number of 91.294 % for Dec 2017. Spain ES: Gross Public Debt: % of GDP: Central Government: Debt Securities: Market Value data is updated quarterly, averaging 48.903 % from Sep 1995 (Median) to Mar 2018, with 91 observations. The data reached an all-time high of 94.529 % in Sep 2016 and a record low of 1.147 % in Sep 1995. Spain ES: Gross Public Debt: % of GDP: Central Government: Debt Securities: Market Value data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Spain – Table ES.World Bank: QPSD: Gross Public Debt: % of GDP: Central Government.

This scatter chart displays GDP (current US$) against central government debt (% of GDP) in Spain. The data is about countries per year.

This horizontal bar chart displays central government debt (% of GDP) by country full name using the aggregation average, weighted by gdp in Spain. The data is filtered where the date is 2021. The data is about countries per year.