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.

CEIC calculates quarterly Real GDP Growth from quarterly Real GDP Index. The National Statistics Institute provides Real GDP Index at chain linked 2015 prices.


Related information about Spain Real GDP Growth

• 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.

Graph and download economic data for Business Tendency Surveys: Demand Evolution: Economic Activity: Services: Future Tendency for Spain (BVDEFT02ESM460S) from Oct 1996 to Sep 2024 about business sentiment, Spain, business, and services.

Graph and download economic data for Benchmarked Unit Labor Costs - Financial and Business Services for Spain (DISCONTINUED) (ESPULCFBSQPNMEI) from Q2 1980 to Q2 2011 about unit labor cost, Spain, financial, business, services, and rate.

Spain Business Survey: Industry: Construction: Production data was reported at -12.260 % in Oct 2018. This records a decrease from the previous number of 18.860 % for Sep 2018. Spain Business Survey: Industry: Construction: Production data is updated monthly, averaging 0.740 % from Feb 1987 (Median) to Oct 2018, with 381 observations. The data reached an all-time high of 64.000 % in May 1989 and a record low of -65.000 % in Feb 1994. Spain Business Survey: Industry: Construction: Production data remains active status in CEIC and is reported by Ministry of Industry, Commerce and Tourism. The data is categorized under Global Database’s Spain – Table ES.S001: Business Survey.

Spain Coincident Economic Index data was reported at 115.000 2016=100 in Jan 2025. This records an increase from the previous number of 114.500 2016=100 for Dec 2024. Spain Coincident Economic Index data is updated monthly, averaging 94.200 2016=100 from Jan 1984 (Median) to Jan 2025, with 493 observations. The data reached an all-time high of 115.000 2016=100 in Jan 2025 and a record low of 53.900 2016=100 in Apr 1985. Spain Coincident Economic Index 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]

Spain Consumer Confidence Score: Future Local Economy: Positive Response data was reported at 22.726 Score in Jan 2023. This records an increase from the previous number of 19.637 Score for Dec 2022. Spain Consumer Confidence Score: Future Local Economy: Positive Response data is updated monthly, averaging 19.800 Score from Mar 2010 (Median) to Jan 2023, with 155 observations. The data reached an all-time high of 36.216 Score in Jun 2021 and a record low of 9.488 Score in Dec 2012. Spain Consumer Confidence Score: Future Local Economy: Positive Response data remains active status in CEIC and is reported by Ipsos Group S.A.. The data is categorized under Global Database’s Spain – Table ES.IPSOS: Consumer Confidence Survey.

Spain ES: GDP data was reported at 1,163,662.000 EUR mn in 2017. This records an increase from the previous number of 1,118,522.000 EUR mn for 2016. Spain ES: GDP data is updated yearly, averaging 278,466.374 EUR mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 1,163,662.000 EUR mn in 2017 and a record low of 4,353.296 EUR mn in 1960. Spain ES: GDP 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: Gross Domestic Product: Nominal. 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 local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

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

Spain ES: GDP: Growth: GNI data was reported at 3.468 % in 2016. This records a decrease from the previous number of 3.552 % for 2015. Spain ES: GDP: Growth: GNI data is updated yearly, averaging 2.942 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 8.331 % in 1972 and a record low of -2.764 % in 2009. Spain ES: GDP: Growth: GNI 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: Gross Domestic Product: Annual Growth Rate. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Spain Consumer Confidence Score: Future Local Economy: Negative Response data was reported at 27.988 Score in Jan 2023. This records a decrease from the previous number of 29.745 Score for Dec 2022. Spain Consumer Confidence Score: Future Local Economy: Negative Response data is updated monthly, averaging 22.000 Score from Mar 2010 (Median) to Jan 2023, with 155 observations. The data reached an all-time high of 56.213 Score in Apr 2020 and a record low of 11.961 Score in Jun 2017. Spain Consumer Confidence Score: Future Local Economy: Negative Response data remains active status in CEIC and is reported by Ipsos Group S.A.. The data is categorized under Global Database’s Spain – Table ES.IPSOS: Consumer Confidence Survey.

Spain ES: GDP: % of Manufacturing: Food, Beverages and Tobacco data was reported at 20.332 % in 2014. This records a decrease from the previous number of 20.722 % for 2013. Spain ES: GDP: % of Manufacturing: Food, Beverages and Tobacco data is updated yearly, averaging 15.713 % from Dec 1963 (Median) to 2014, with 52 observations. The data reached an all-time high of 20.722 % in 2013 and a record low of 11.429 % in 1973. Spain ES: GDP: % of Manufacturing: Food, Beverages and Tobacco 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: Gross Domestic Product: Share of GDP. Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Food, beverages, and tobacco correspond to ISIC divisions 15 and 16.; ; United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.; ;

Key information about Spain Total Exports

• Spain Total Exports expanded 3.0 % YoY in Dec 2024, compared with a decrease of 6.5 % YoY in the previous month
• Spain Total Exports Growth data is updated monthly, available from Jan 1976 to Dec 2024, with an averaged rate of 9.7 %
• The data reached an all-time high of 104.3 % in Jul 1981 and a record low of -38.8 % in Apr 2020

CEIC calculates seasonally adjusted series by X-12 ARIMA. CEIC calculates Total Exports Growth from monthly Total Exports. The Ministry of Economic Affairs and Digital Transformation provides Total Exports Growth, FOB, in EUR.


Further information about Spain Total Exports

• In the latest reports, Spain Total Exports recorded 33.2 USD bn in Dec 2024
• Total Imports recorded 37.7 USD bn in Nov 2024, which registered an increase of 1.3 % year on year
• Spain Trade Balance recorded a deficit of 5.9 USD bn in Nov 2024

Spain Consumer Confidence Score: Current Local Economy data was reported at -42.000 Score in Jan 2023. This records an increase from the previous number of -44.000 Score for Dec 2022. Spain Consumer Confidence Score: Current Local Economy data is updated monthly, averaging -57.400 Score from Mar 2010 (Median) to Jan 2023, with 155 observations. The data reached an all-time high of -28.400 Score in Mar 2010 and a record low of -81.700 Score in Dec 2012. Spain Consumer Confidence Score: Current Local Economy data remains active status in CEIC and is reported by Ipsos Group S.A.. The data is categorized under Global Database’s Spain – Table ES.IPSOS: Consumer Confidence Survey.

Spain ES: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 0.955 % in 2017. This records an increase from the previous number of 0.283 % for 2016. Spain ES: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 3.304 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 7.326 % in 1990 and a record low of -0.195 % in 2014. Spain ES: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series 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: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

Spain Business Survey: Industry: Confidence Indicator: sa data was reported at -6.228 % in Feb 2025. This records a decrease from the previous number of -4.684 % for Jan 2025. Spain Business Survey: Industry: Confidence Indicator: sa data is updated monthly, averaging -4.404 % from Jan 1993 (Median) to Feb 2025, with 386 observations. The data reached an all-time high of 9.412 % in Feb 2022 and a record low of -38.238 % in Mar 2009. Spain Business Survey: Industry: Confidence Indicator: sa data remains active status in CEIC and is reported by Ministry of Industry, Trade and Tourism. The data is categorized under Global Database’s Spain – Table ES.S004: Business Survey: Seasonally Adjusted. [COVID-19-IMPACT]

Spain ES: GDP: % of GDP: Exports of Goods and Services data was reported at 34.093 % in 2017. This records an increase from the previous number of 32.947 % for 2016. Spain ES: GDP: % of GDP: Exports of Goods and Services data is updated yearly, averaging 17.802 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 34.093 % in 2017 and a record low of 7.712 % in 1963. Spain ES: GDP: % of GDP: Exports of Goods and Services 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: Gross Domestic Product: Share of GDP. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Spain Imports: Eastern Europe and CIS data was reported at 1,553,861.985 EUR th in Aug 2017. This records a decrease from the previous number of 1,910,567.256 EUR th for Jul 2017. Spain Imports: Eastern Europe and CIS data is updated monthly, averaging 505,265.967 EUR th from Jan 1985 (Median) to Aug 2017, with 392 observations. The data reached an all-time high of 3,381,165.828 EUR th in Mar 2008 and a record low of 0.000 EUR th in Dec 1993. Spain Imports: Eastern Europe and CIS 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.JA011: Imports: by Country.

Key information about Spain External Debt: Short Term: % of GDP

• Spain External Debt: Short Term accounted for 64.4 % of the country's Nominal GDP in 2023, compared with the ratio of 73.4 % in the previous year.
• Spain External Debt: Short Term: % of Nominal GDP data is updated yearly, available from 2000 to 2023.
• The data reached an all-time high of 76.4 % in 2020 and a record low of 24.8 % in 2001.

CEIC calculates Short Term External Debt as % of Nominal GDP from quarterly Short Term External Debt and annual Nominal GDP. Short Term External Debt is calculated as the sum of Short Term External Debt breakdowns for General Government, Other MFIs, Banco de España and Other Resident Sectors. Banco de España provides Short Term External Debt in EUR based on BPM6 and Nominal GDP in EUR based on ESA 2010. Short Term External Debt as % of Nominal GDP prior to 2002 is calculated from Short Term External Debt based on BPM5 and Nominal GDP based on ESA 1995.


Related information about Spain External Debt: Short Term: % 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.
• Spain External Debt: Short Term value stood at 1,026.7 USD bn in Dec 2023.
• The country's Nominal GDP was reported at 378.4 USD bn in Mar 2023.

Spain ES: Imports: Lead Time: Median Case data was reported at 4.000 Day in 2016. This records an increase from the previous number of 2.000 Day for 2014. Spain ES: Imports: Lead Time: Median Case data is updated yearly, averaging 3.100 Day from Dec 2007 (Median) to 2016, with 5 observations. The data reached an all-time high of 7.070 Day in 2010 and a record low of 2.000 Day in 2014. Spain ES: Imports: Lead Time: Median Case 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: Trade Statistics. Lead time to import is the median time (the value for 50 percent of shipments) from port of discharge to arrival at the consignee. Data are from the Logistics Performance Index survey. Respondents provided separate values for the best case (10 percent of shipments) and the median case (50 percent of shipments). The data are exponentiated averages of the logarithm of single value responses and of midpoint values of range responses for the median case.; ; World Bank and Turku School of Economics, Logistic Performance Index Surveys. Data are available online at : http://www.worldbank.org/lpi. Summary results are published in Arvis and others' Connecting to Compete: Trade Logistics in the Global Economy, The Logistics Performance Index and Its Indicators report.; Unweighted average;

Spain ES: Stocks Traded: Total Value data was reported at 741.733 USD bn in 2017. This records an increase from the previous number of 587.443 USD bn for 2016. Spain ES: Stocks Traded: Total Value data is updated yearly, averaging 146.849 USD bn from Dec 1975 (Median) to 2017, with 42 observations. The data reached an all-time high of 2,278.396 USD bn in 2007 and a record low of 887.760 USD mn in 1980. Spain ES: Stocks Traded: Total 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.WDI: Financial Sector. The value of shares traded is the total number of shares traded, both domestic and foreign, multiplied by their respective matching prices. Figures are single counted (only one side of the transaction is considered). Companies admitted to listing and admitted to trading are included in the data. Data are end of year values converted to U.S. dollars using corresponding year-end foreign exchange rates.; ; World Federation of Exchanges database.; Sum; Stock market data were previously sourced from Standard & Poor's until they discontinued their 'Global Stock Markets Factbook' and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.