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.

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.

The Gross Domestic Product (GDP) in Spain expanded 0.60 percent in the third 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.

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.

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.

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

Investment as percent of GDP in Spain, September, 2025 The most recent value is 20.62 percent as of Q3 2025, an increase compared to the previous value of 20.56 percent. Historically, the average for Spain from Q1 1995 to Q3 2025 is 22.63 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

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 *** 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 *** billion euros.

In 2023, the energy, water and waste management sector garnered approximately ***** billion euros through the *** non-financial companies in Spain with the largest net profit. Among the *** largest corporations, those working on retail trade and automotive activities had a turnover of approximately ***** and ***** billion euros, respectively.

The latest data from show economic growth of 2.8 percent, which is a decrease from the rate of growth of 3 percent in the previous quarter and
a decrease compared to the growth rate of 3.6 percent in the same quarter last year. The economic growth time series for Spain cover the period from ...

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.

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 .

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.

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

Key information about Spain Labour Productivity Growth

• Spain Labour Productivity improved by 0.06 % YoY in Sep 2025, compared with a drop of 0.24 % in the previous quarter
• Spain Labour Productivity Growth data is updated quarterly, available from Mar 1996 to Sep 2025, averaging at 0.97 %
• The data reached an all-time high of 13.99 % in Jun 2021 and a record low of -15.02 % in Jun 2020

CEIC calculates Labour Productivity Growth from quarterly Real GDP Index and quarterly Employment. National Statistics Institute provides Real GDP Index, at chain linked 2020 prices and Employment

The share of the tourism sector over Spain's gross domestic product (GDP) jumped to **** percent in 2023, reaching almost pre-pandemic levels. At the beginning of the *****, tourism accounted for over ** percent of the Spanish economy.

Key information about Spain Public Consumption: % of GDP

• Spain Public Consumption accounted for 17.9 % of its Nominal GDP in Sep 2025, compared with a share of 19.2 % in the previous quarter.
• Spain Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 1980 to Sep 2025, with an average number of 17.6 %.
• The data reached an all-time high of 25.2 % in Jun 2020 and a record low of 13.5 % in Mar 1980.

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


Related information about Spain Public Consumption: % of GDP

• In the latest reports, Spain GDP expanded 2.8 % YoY in Sep 2025.
• Spain Nominal GDP reached 494.0 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 2.8 % in Sep 2025.
• Spain GDP Per Capita reached 35,295.1 USD in Dec 2024.
• Its Gross Savings Rate was measured at 24.6 % in Jun 2025.
• For Nominal GDP contributions, Investment accounted for 21.3 % in Sep 2025.
• Private Consumption accounted for 55.8 % in Sep 2025.

Latest economic indicators for Spain including inflation, GDP, unemployment, and more.

Tourism Revenues in Spain decreased to 10363 EUR Million in September from 13010 EUR Million in August of 2025. This dataset provides - Spain Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The overwhelming majority of small and medium-sized enterprises are micro, meaning that they employ fewer than ** workers. There were over ****** medium-sized firms, meaning ** to *** employees. However, the *** million micro firms had a higher number of persons employed than their larger counterparts. The impact of SMEs in the Spanish economy SMEs gave the Spanish economy over *** billion euros per year in value added. In a country where the gross domestic product, or size of the country’s economy, is roughly *** trillion euros, these smaller firms have a significant economic impact on the overall economy. SMEs and employment In addition to benefitting the country through added economic growth, they also provide jobs. In recent years, the unemployment rate in Spain has been persistently high. One option for new jobs is to start new companies. Unlike a large incumbent firm, a startup is often able to pivot quickly to provide the most in-demand products and services, which may be in part why Spain’s economy relies so heavily on SMEs.