The Gross Domestic Product (GDP) in Spain was worth 1722.75 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Spain represents 1.62 percent of the world economy. This dataset provides the latest reported value for - Spain GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Spanish GDP initiated a downward trend in 2008, with its lowest point in 2013, period of time in which Spain's GDP was down to 1,025 billion euros. The Spanish Gross Domestic Product steadily recovered since that year and peaked at 1,591 billion in 2024. The negative impact of the coronavirus pandemic on the economy is noticeable in the sudden plummet experienced by the Spanish GDP in 2020, when it dropped to 1,129 billion euros. Spain's GDP has also been analyzed by quarter.

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.

The gross domestic product (GDP) in current prices in Spain stood at 1.73 trillion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by 1.49 trillion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by 654.87 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

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.

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.

This statistic shows the growth of the real gross domestic product (GDP) in Spain from 2020 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. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. Spain's real GDP growth in 2043 was about 3.15 percent compared to the previous year. Spain's recovering economy Spain maintains a relatively important role as a member of the European Union as well as the World Trade Organization. Spain’s economy has been recognized as one of the most paramount in the world, however has been bogged down by multiple crisis’s over the past several years. Economical disasters such as the global financial crisis of 2008 and the euro debt crisis left the Spanish economy with long-term obstacles that the Spanish government has yet to overcome. One of the nation’s main economic struggles resides in unemployment, which was not only considerably high to start the decade but continued to grow to precarious volumes, most notably since 2008. Despite similar economical conflicts in neighboring countries, Spain suffers from one of the highest unemployment rates in Europe, only surpassed by Greece. The Spanish economy prospers from a low import-high export method which was initially implemented after the global financial crisis in order to help the country become more profitable. The country’s exports reached pre-crisis levels and saw continuous growth over the years, to the point that Spain became one of the world’s top exporters. Despite the economic slump due to the crisis, Spain now seems to recover slowly and forecasts are rather optimistic, in 2014, Spain was even among the countries with the largest GDP worldwide.

The Gross Domestic Product per capita in Spain was last recorded at 29192.57 US dollars in 2024. The GDP per Capita in Spain is equivalent to 231 percent of the world's average. This dataset provides the latest reported value for - Spain GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP Constant Prices in Spain increased to 422712 EUR Million in the third quarter of 2025 from 417075 EUR Million in the second quarter of 2025. This dataset provides the latest reported value for - Spain GDP Current Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

Both Spain and the members of the Organization for Economic Co-operation and Development (OECD) recorded a contraction of Gross Domestic Product (GDP) in 2020, followed by a remarkable high growth in the following year. The positive trend continued in 2024, with the Spanish economy growing **** percent, while the OECD members recorded a **** percent.

Graph and download economic data for Real Gross Domestic Product for Spain (CLVMNACSCAB1GQES) from Q1 1995 to Q3 2025 about Spain, real, and GDP.

Key information about Spain Private Consumption: % of GDP

• Spain Private Consumption accounted for 55.8 % of its Nominal GDP in Sep 2025, compared with a ratio of 54.8 % in the previous quarter.
• Spain Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1980 to Sep 2025, with an average share of 57.9 %.
• The data reached an all-time high of 68.6 % in Sep 1981 and a record low of 53.3 % in Jun 2020.

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


Related information about Spain Private Consumption: % of GDP

• In the latest reports, Spain GDP expanded 2.8 % YoY in Sep 2025.
• Its Nominal GDP reached 494.0 USD bn 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.

GDP from Services in Spain increased to 290355 EUR Million in the third quarter of 2025 from 286759 EUR Million in the second quarter of 2025. This dataset provides - Spain Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Gross Domestic Product Per Capita for Spain (PCAGDPESA646NWDB) from 1960 to 2024 about Spain, per capita, and GDP.

Yearly (annual) dataset of the Spain GDP, including historical data, latest releases, and long-term trends from 1960-12-31 to 2024-12-31. Available for free download in CSV format.

The gross domestic product or 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. Both Catalonia and Spain as a whole experienced a decrease in GDP between 2008 and 2013. However, in 2024 the GDP of Catalonia rose to its highest point at 316.7 billion euros, with the GDP of the whole of Spain amounting to 1.6 trillion euros. The development of GDP in Spain was thus closely linked to the average change of GDP in the Eurozone, with GDP of Spain having risen significantly since 2020. Catalonia's role in Spain's GDP The Catalan participation in the Spanish GDP was estimated at 20 percent in 2024. This figure maintained steadily over the last few years, with an average share of about 20 percent of the total GDP of the country. It is worth mentioning that Catalonia was Spain’s second most populated autonomous community at 8.1 million inhabitants, mostly located in the Barcelona area. The average GDP per capita in Catalonia was significantly higher than that of the rest of Spain at 34,441 euros in 2022. During the same period, Spain’s average GDP per capita was 28,300 euros. Tourism constitutes an essential industry for the Spanish economic system Travel and tourism have become one of the leading engines of growth for the Spanish economy, featuring an ongoing increase in the GDP contribution over the last years and reaching approximately 164.5 billion euros in 2022. The industry also plays a key role to boost the Spanish employment market, which has been experiencing a significant improvement since the 2007 financial crisis jeopardized and destroyed many jobs across the country.

Key information about Spain Investment: % of GDP

• Spain Investment accounted for 21.3 % of its Nominal GDP in Sep 2025, compared with a ratio of 21.0 % in the previous quarter.
• Spain investment share of Nominal GDP data is updated quarterly, available from Mar 1980 to Sep 2025, with an average ratio of 0.0 %.

CEIC calculates Investment as % of Nominal GDP from quarterly Nominal Gross Capital Formation and quarterly Nominal GDP. National Statistics Institute provides Nominal Gross Capital Formation in EUR and Nominal GDP in EUR, based on ESA 2010. Investment as % of Nominal GDP prior to Q1 1995 is based on ESA 1995.


Related information about Spain Investment: % 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.

Key information about Spain GDP Per Capita

• Spain Gross Domestic Product (GDP) per Capita reached 35,295.094 USD in Dec 2024, compared with 33,500.848 USD in Dec 2023.
• Spain GDP Per Capita data is updated yearly, available from Dec 1960 to Dec 2024, with an average number of 16,085.461 USD.
• The data reached an all-time high of 35,401.873 USD in Dec 2008 and a record low of 407.963 in Dec 1960.
• CEIC converts annual GDP per Capita into USD. National Statistics Institute provides GDP per Capita in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. National Statistics Institute uses Mid-year Population in the calculation of GDP per Capita. GDP per Capita prior to 2000 is sourced from the World Bank.

Related information about Spain GDP Per Capita data

• In the latest reports, Spain GDP expanded 2.831 % YoY in Sep 2025.
• Spain Nominal GDP reached 493.962 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 2.766 % in Sep 2025.
• Gross Savings Rate of Spain was measured at 24.585 % in Jun 2025.

Monthly and long-term Spain GDP Per Capita data: historical series and analyst forecasts curated by FocusEconomics.