The gross domestic product (GDP) in current prices in Spain amounted to about 1.72 trillion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 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 around 478.98 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 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.

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.

The Gross Domestic Product (GDP) in Spain expanded 2.80 percent in the first 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 Spain expanded 0.60 percent in the first 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.

GDP from Services in Spain increased to 281326 EUR Million in the first quarter of 2025 from 279748 EUR Million in the fourth quarter of 2024. This dataset provides - Spain Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Spain Nominal GDP Growth

• Spain Nominal GDP Growth was reported at 5.880 % in Dec 2024.
• This records a decrease from the previous number of 6.890 % for Sep 2024.
• Spain Nominal GDP Growth data is updated quarterly, averaging 8.172 % from Mar 1971 to Dec 2024, with 216 observations.
• The data reached an all-time high of 27.642 % in Sep 1977 and a record low of -20.711 % in Jun 2020.
• Spain Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. National Statistics Institute provides Nominal GDP in EUR. Nominal GDP Growth prior to Q1 1996 is calculated from Nominal GDP sourced from the International Monetary Fund.

Historical chart and dataset showing Spain GDP by year from 1960 to 2023.

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.

According to the source, the Balearic Islands and the Community of Madrid would see the largest GDP increase in the country in 2024, with a growth of ***** and *** percent, respectively. The expected recovery in the tourist sector and the increasing use of European funds are among the reason for such forecasted growth.

Spain's quarterly gross domestic product (GDP) per capita at current prices for the first quarter of 2024 was approximately 7,580 euros. This was an decrease in the value obtained in the last quarter of 2023.

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

Key information about Spain Private Consumption: % of GDP

• Spain Private Consumption accounted for 54.5 % of its Nominal GDP in Dec 2024, compared with a ratio of 56.2 % in the previous quarter.
• Spain Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1980 to Dec 2024, with an average share of 58.9 %.
• 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 4.2 % YoY in Mar 2023.
• Its Nominal GDP reached 378.4 USD bn in Mar 2023.
• Spain GDP Per Capita reached 30,157.4 USD in Dec 2021.
• Its Gross Savings Rate was measured at 23.7 % in Sep 2024.

Key information about Spain Investment: % of GDP

• Spain Investment accounted for 22.1 % of its Nominal GDP in Dec 2024, compared with a ratio of 19.5 % in the previous quarter.
• Spain investment share of Nominal GDP data is updated quarterly, available from Mar 1980 to Dec 2024, with an average ratio of 23.0 %.
• The data reached an all-time high of 31.6 % in Dec 2006 and a record low of 13.9 % in Sep 1983.

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 4.2 % YoY in Mar 2023.
• Spain Nominal GDP reached 378.4 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 6.2 % in Mar 2023.
• Spain GDP Per Capita reached 30,157.4 USD in Dec 2021.
• Its Gross Savings Rate was measured at 23.7 % in Sep 2024.

Full Year GDP Growth in Spain increased to 3.20 percent in 2024 from 2.70 percent in 2023. This dataset includes a chart with historical data for Spain Full Year GDP Growth.

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.

Key information about Spain Government Debt: % of GDP

• Spain Government debt accounted for 104.3 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 105.3 % in the previous quarter.
• Spain government debt to GDP ratio data is updated quarterly, available from Mar 1995 to Sep 2024.
• 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 1,823.5 USD bn in Sep 2024.
• The country's Nominal GDP reached 378.4 USD bn in Mar 2023.

Graph and download economic data for Household Debt to GDP for Spain (HDTGPDESA163N) from 1999 to 2024 about Spain, debt, households, and GDP.

Spain GDP: Deflator: sa: Exports of Goods and Services data was reported at 125.571 2015=100 in 2024. This records an increase from the previous number of 124.362 2015=100 for 2023. Spain GDP: Deflator: sa: Exports of Goods and Services data is updated yearly, averaging 92.515 2015=100 from Dec 1995 (Median) to 2024, with 30 observations. The data reached an all-time high of 125.571 2015=100 in 2024 and a record low of 68.581 2015=100 in 1995. Spain GDP: Deflator: sa: Exports of Goods and Services data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Spain – Table ES.OECD.MEI: Gross Domestic Product: GDP Deflator: Seasonally Adjusted: OECD Member: Annual.