The Gross Domestic Product (GDP) in Spain expanded 0.70 percent in the second 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.

In 2024, the outlook on the current state of the Spanish economy was quite negative, according to a survey of business people and executives in Spain. Some 19 percent of respondents said the outlook for the Spanish economy was very bad or bad, while 54 percent said it was mediocre. From 2011 to 2024, the perception that the Spanish economy was excellent never exceeded two percent.

Full Year GDP Growth in Spain increased to 3.50 percent in 2024 from 2.50 percent in 2023. This dataset includes a chart with historical data for Spain Full Year GDP Growth.

This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in Spain from 2013 to 2023. In 2023, agriculture contributed around 2.5 percent to the GDP of Spain, 20.12 percent came from the industry and 68.66 percent from the service sector.

The Gross Domestic Product (GDP) in Spain expanded 2.80 percent in the second 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.

Investment as percent of GDP in Spain, June, 2025 The most recent value is 19.83 percent as of Q2 2025, an increase compared to the previous value of 19.79 percent. Historically, the average for Spain from Q1 1995 to Q2 2025 is 22.58 percent. The minimum of 17.3 percent was recorded in Q3 2013, while the maximum of 30.67 percent was reached in Q4 2006. | TheGlobalEconomy.com

Key information about Spain Real GDP Growth

• The Gross Domestic Product (GDP) in Spain expanded 2.7 % YoY in Dec 2022, following a growth of 4.8 % in the previous quarter.
• Real GDP Growth YoY data in Spain is updated quarterly, available from Mar 1996 to Dec 2022, with an average rate of 2.9 %.
• The data reached an all-time high of 17.9 % in Jun 2021 and a record low of -21.9 % in Jun 2020.

• In the latest reports, Nominal GDP of Spain reached 352.1 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 5.2 % in Dec 2022.
• GDP Per Capita in Spain reached 27,002.6 USD in Dec 2020.
• Its Gross Savings Rate was measured at 21.3 % in Sep 2022.
• For Nominal GDP contributions, Investment accounted for 22.0 % in Dec 2022.
• Public Consumption accounted for 22.1 % in Dec 2022.
• Private Consumption accounted for 53.1 % in Dec 2022.

Spain Economic Activity Index: 2010=100: swda: Composite Indicator: Services data was reported at 121.988 2010=100 in Jun 2018. This records an increase from the previous number of 121.774 2010=100 for May 2018. Spain Economic Activity Index: 2010=100: swda: Composite Indicator: Services data is updated monthly, averaging 96.404 2010=100 from Jan 1995 (Median) to Jun 2018, with 282 observations. The data reached an all-time high of 121.988 2010=100 in Jun 2018 and a record low of 64.879 2010=100 in Jan 1995. Spain Economic Activity Index: 2010=100: swda: Composite Indicator: Services data remains active status in CEIC and is reported by Ministry of Economy and Competitiveness. The data is categorized under Global Database’s Spain – Table ES.A075: Economic Activity Index: Composite Indicator.

Historical dataset showing Spain economic growth by year from 1960 to 2018.

Spain: Economic growth: the rate of change of GDP: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for Spain from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

Spain Coincident Economic Index: MoM data was reported at 0.262 % in Feb 2025. This records an increase from the previous number of 0.000 % for Jan 2025. Spain Coincident Economic Index: MoM data is updated monthly, averaging 0.204 % from Feb 1984 (Median) to Feb 2025, with 493 observations. The data reached an all-time high of 4.230 % in Jul 2020 and a record low of -6.256 % in Apr 2020. Spain Coincident Economic Index: MoM data remains active status in CEIC and is reported by The Conference Board. The data is categorized under Global Database’s Spain – Table ES.The Conference Board: Leading Economic Index. [COVID-19-IMPACT]

The value of goods and services offered by the tourism sector in Spain increased by more than ** percent in 2024, surpassing *** billion euros. In 2025, the tourism GDP in the Iberian country could grow by ***** percent. Holidaymakers in Spain France was the leading source country for inbound tourism in Spain in 2020. Although British tourists in Spain have traditionally been the largest visitor group in the Mediterranean country, the number of travelers from Britain declined by almost ** million in 2020, most likely due to difficulties created as a result of the COVID-19 pandemic. Notably, the share of domestic tourist expenditure was higher than the share of international tourist expenditure in the country in 2020, which was different from the share of tourism expenditure in Spain prior to COVID-19. COVID-19 impact on the Spanish tourism industry As of December 2021, the travel and tourism sector in Spain was still recovering from the economy-wide disruptions caused by the global health crisis. The monthly growth rate of tourism GDP in Spain was lower in every month of 2020 and 2021 compared to the same month in 2019. Additionally, businesses within the sector reported lower revenues since the beginning of the pandemic, with negative earnings growth rates in Spanish tourism companies in 2020 and 2021 compared to reported earnings in 2019.

Contains data from the World Bank's data portal covering the following topics which also exist as individual datasets on HDX: Agriculture and Rural Development, Aid Effectiveness, Economy and Growth, Education, Energy and Mining, Environment, Financial Sector, Health, Infrastructure, Social Protection and Labor, Poverty, Private Sector, Public Sector, Science and Technology, Social Development, Urban Development, Gender, Millenium development goals, Climate Change, External Debt, Trade.

The Gross Domestic Product per capita in Spain was last recorded at 48373.05 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Spain, when adjusted by Purchasing Power Parity is equivalent to 272 percent of the world's average. This dataset provides the latest reported value for - Spain GDP per capita PPP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

According to the Bank of Spain's forecasts on the impact of the coronavirus (SARS-Cov-2) on the national gross domestic product (GDP), the Spanish economy will experience an outstanding recovery in the mid-term. In the best-case scenario, GDP could grow 8.6 and 4.8 percent in 2021 and 2022, respectively. Hence, the central bank's forecast closely match the one presented by the Government itself in May 2020, when the latter estimated that GDP would grow up to a 6.8 percent in 2021. Despite such remarkable recovery, the impact of the pandemic on the Spanish GDP in 2020 (which fell between 10.7 and 11.6 percent points depending on the scenario) will hinder the country's economy in the years to come.

Key information about Spain Labour Productivity Growth

• Spain Labour Productivity dropped by 1.00 % YoY in Dec 2024, compared with a growth of 1.43 % in the previous quarter
• Spain Labour Productivity Growth data is updated quarterly, available from Mar 1996 to Dec 2024, averaging at 0.34 %
• The data reached an all-time high of 13.99 % in Jun 2021 and a record low of -15.02 % in Jun 2020

Key information about Spain External Debt: % of GDP

• Spain External Debt accounted for 163.6 % of the country's Nominal GDP in 2023, compared with the ratio of 171.5 % in the previous year.
• Spain External Debt: % of Nominal GDP data is updated yearly, available from Dec 1995 to Dec 2023.
• The data reached an all-time high of 198.9 % in Dec 2020 and a record low of 45.5 % in Dec 1995.

• In the latest reports of Spain, Current Account recorded a surplus of 6.2 USD bn in Aug 2024.
• Foreign Direct Investment (FDI) fell by 1.2 USD bn in Apr 2023.
• Spain Direct Investment Abroad expanded by 2.4 USD bn in Aug 2024.
• Its Foreign Portfolio Investment increased by 8.0 USD bn in Jun 2024.
• The country's External Debt reached 2,688,756.6 in Jun 2024.
• The country's Nominal GDP was reported at 378.4 USD bn in Mar 2023.

During 2021, the Murcia region recorded the largest negative perception on the current economy, with ** percent of the respondents considering that the economic situation was very poor. In contrast, the autonomous community of Balearic Islands presented the largest share of respondents answering that the economy was excellent.

Productivity in Spain increased to 105.45 points in the second quarter of 2025 from 104.96 points in the first quarter of 2025. This dataset provides the latest reported value for - Spain Productivity - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.