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.

Key information about Spain Government Debt: % of GDP

• Spain Government debt accounted for 103.4 % of the country's Nominal GDP in Jun 2025, compared with the ratio of 103.4 % in the previous quarter.
• Spain government debt to GDP ratio data is updated quarterly, available from Mar 1995 to Jun 2025.
• 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 1,990.2 USD bn in Jun 2025.
• The country's Nominal GDP reached 494.0 USD bn in Sep 2025.

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 1690921768 EUR Thousand in the second quarter of 2025 from 1667376234 EUR Thousand in the first quarter of 2025. 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.

Private Debt to GDP in Spain decreased to 116.60 percent in 2024 from 121.20 percent in 2023. Spain Private Debt to GDP - values, historical data, forecasts and news - updated on December of 2025.

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 debt to gdp ratio by year from 1970 to 2023.

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.

CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and annual Nominal GDP. Banco de España provides External Debt in EUR based on BPM6 and Nominal GDP in EUR based on ESA 2010.


Related information about Spain External Debt: % of GDP

• 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.

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.

Actual value and historical data chart for Spain Central Government Debt Total Current Lcu

Key information about Spain External Debt: Short Term

• Spain External Debt: Short Term value stood at 1,130.7 USD bn in Jun 2025, compared with 1,056.1 USD bn in the previous quarter.
• Spain External Debt: Short Term data is updated quarterly, available from Mar 2000 to Jun 2025.
• The data reached an all-time high of 1,130.7 USD bn in Jun 2025 and a record low of 134.7 USD bn in Mar 2000.

CEIC calculates Short Term External Debt as the sum of Short Term External Debt breakdowns for General Government, Other MFIs, Banco de España and Other Resident Sectors and converts it into USD. Banco de España provides Short Term External Debt in EUR based on BPM6. The Federal Reserve Board period end market exchange rate is used for currency conversions. Short Term External Debt prior to Q1 2002 is based on BPM5.


Related information about Spain External Debt: Short Term

• In the latest reports of Spain, Current Account recorded a surplus of 2.2 USD bn in Sep 2025.
• Foreign Direct Investment (FDI) increased by 6.9 USD bn in Sep 2025.
• Spain Direct Investment Abroad expanded by 9.2 USD bn in Sep 2025.
• Its Foreign Portfolio Investment increased by 34.8 USD bn in Sep 2025.
• The country's Nominal GDP was reported at 494.0 USD bn in Sep 2025.

External Debt to GDP in Spain remained unchanged at 162 percent of GDP in the second quarter of 2025 from 162 percent of GDP in the first quarter of 2025. This dataset includes a chart with historical data for Spain External Debt To GDP.

This statistic shows the national debt in the member states of the European Union in the second quarter of 2024. The data refer to the entire state and are comprised of the debts of central government, provinces, municipalities, local authorities and social security. In the second quarter of 2024, Greece's national debt amounted to about 369.4 billion euros. National debt in the EU member states National or government debt is the debt owed by a central government. No country in the European Union is debt-free, although some are able to manage their debts better than others. Debt is influenced by the economic situation of a country, factors such as unemployment, the rate of inflation or the trade figures have a significant impact on its extent, and are, in turn, influenced by the national debt. The economic crisis has hit some EU countries harder than others; Spain, Ireland and Greece especially have been struggling economically since 2008. Greece’s national debt has skyrocketed over the past few years, and the same can be said about Spain and Ireland. Other EU countries, like France and the United Kingdom have been affected as well, albeit not as severely. The national debt of a country can be reduced by applying several measures: money can be borrowed (for example in the form of rescue packages), austerity programs can be enforced, taxes can be increased or central banks can inject liquidity into the economy through the implementation of quantitative easing policies. Some critics of the policy claim that this could lead to a higher level of inflation, which, if severe enough, could have a detrimental impact on living standards.

This scatter chart displays GDP (current US$) against central government debt (% of 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.

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

Historical dataset showing Spain external debt by year from N/A to N/A.