Spain recorded a Government Budget deficit equal to 3.20 percent of the country's Gross Domestic Product in 2024. This dataset provides the latest reported value for - Spain Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2024, the budget balance in relation to the gross domestic product (GDP) in Spain was estimated at about -3.15 percent. Between 1980 and 2024, the figure dropped by approximately 1.12 percentage points, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the budget balance will steadily grow by around 1.12 percentage points from 2024 to 2030.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

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 National Government Debt

• Spain National Government Debt reached 1,823.5 USD bn in Sep 2024, compared with 1,741.7 USD bn in the previous quarter.
• Spain National Government Debt data is updated quarterly, available from Dec 1990 to Sep 2024.
• The data reached an all-time high of 1,823.5 USD bn in Sep 2024 and a record low of 207.1 USD bn in Jun 1991.

CEIC converts quarterly Government Debt into USD. Banco de España provides Government Debt in EUR based on ESA 2010. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt prior to Q1 1994 is based on ESA 1995.


Related information about Spain National Government Debt

• In the latest reports, Spain Consolidated Fiscal Balance recorded a deficit equal to 3.3 % of its Nominal GDP in Jun 2024.
• The country's Government debt accounted for 104.4 % of its Nominal GDP in Sep 2024.
• Spain Nominal GDP reached 378.4 USD bn in Mar 2023.

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.

In 2024, the budget balance in Spain was estimated at about -54.12 billion U.S. dollars. Between 1980 and 2024, the figure dropped by approximately 51.95 billion U.S. dollars, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the budget balance will rise by around 9.54 billion U.S. dollars, showing an overall upward trend with periodic ups and downs.

Key information about Spain Consolidated Fiscal Balance: % of GDP

• Spain Consolidated Fiscal Balance recorded a deficit equal to 3.2 % of its Nominal GDP in Sep 2024, compared with a deficit equal to 3.3 % in the previous quarter
• Spain Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 1995 to Sep 2024, with an average ratio of -3.6 %
• The data reached an all-time high of 2.6 % in Sep 2007 and a record low of -11.5 % in Dec 2012

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from quarterly Consolidated Fiscal Balance and quarterly Nominal GDP. General Comptroller of the State Administration provides year-to-date Consolidated Fiscal Balance in EUR. National Statistics Institute provides Nominal GDP in EUR.


Further information about Spain Consolidated Fiscal Balance: % of GDP

• In the latest reports, Spain National Government Debt reached 1,823.5 USD bn in Sep 2024
• Spain Nominal GDP reached 378.4 USD bn in Mar 2023

Spain recorded a government budget deficit of 96200 EUR Million in June of 2025. This dataset provides the latest reported value for - Spain Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Government Debt in Spain increased to 1667500495 EUR Thousand in the first quarter of 2025 from 1620569395 EUR Thousand in the fourth quarter of 2024. 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.

As of the first quarter of 2024, the public debt ratio was remarkably uneven across the different autonomous communities in Spain. The source estimated that four communities had a public debt above ** percent of their regional GDP. The Region of Valencia was, by far, the one with the highest debt-to-GDP ratio, hovering at about **** percent.

Central government debt, total (% of GDP) in Spain was reported at 107 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Spain - Central government debt, total (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August 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.

Spain Public Debt: % of Nominal GDP data was reported at 104.300 % in Sep 2024. This records a decrease from the previous number of 105.300 % for Jun 2024. Spain Public Debt: % of Nominal GDP data is updated quarterly, averaging 64.800 % from Mar 1995 (Median) to Sep 2024, with 119 observations. The data reached an all-time high of 124.200 % in Mar 2021 and a record low of 34.900 % in Mar 2008. Spain Public Debt: % of Nominal GDP data remains active status in CEIC and is reported by Banco de España. The data is categorized under Global Database’s Spain – Table ES.F007: ESA 2010: Government Debt: by Instrument.

Central government debt, total (current LCU) in Spain was reported at 1607101857166 LCU in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Spain - Central government debt, total (current LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Graph and download economic data for Projection of General government gross debt for Spain (GGGDTPESA188N) from 2024 to 2030 about Spain, projection, gross, debt, and government.

Key information about Spain External Debt: Short Term

• Spain External Debt: Short Term value stood at 1,065.7 USD bn in Sep 2024, compared with 1,028.3 USD bn in the previous quarter.
• Spain External Debt: Short Term data is updated quarterly, available from Mar 2000 to Sep 2024.
• The data reached an all-time high of 1,086.0 USD bn in Mar 2022 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 5.4 USD bn in Oct 2024.
• Foreign Direct Investment (FDI) fell by 1.2 USD bn in Apr 2023.
• Spain Direct Investment Abroad expanded by 7.5 USD bn in Oct 2024.
• Its Foreign Portfolio Investment increased by 41.5 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 378.4 USD bn in Mar 2023.

Os dados de Dívida do Governo:% do PIB da Espanha foram registrados em 104.3 % em 2024-09. Este registro de uma queda com relação aos números anteriores de 105.3 % em 2024-06. Os dados de Dívida do Governo:% do PIB da Espanha são atualizados trimestral, com uma média de 64.8 % em 1995-03 até 2024-09, com 119 observações. Os dados alcançaram um alto recorde de 124.2 % em 2021-03 e um baixo recorde de 34.9 % em 2008-03. Os dados de Dívida do Governo:% do PIB da Espanha permanecem com status ativo na CEIC e são reportados pela fonte: CEIC Data. Os dados são classificados sob o World Trend Plus’ Global Economic Monitor – Table: Government Debt: % of Nominal GDP: Quarterly.

This statistic shows the government revenue and spending in Spain from 2020 to 2023, with projections up until 2030. In 2023, government revenue in Spain amounted to around 628.28 billion euros, while government spending came to around 680.95 billion euros. The Spanish economy The Spanish economy not only ranked as one of the largest economies in Europe, but also in the world. Due to foreign investments in Latin America, high-caliber infrastructure and an increasing volume of exports, Spain’s economy remained at a relatively high standard up to present day. However, the Spanish economy has also experienced its ups and downs, particularly during the late 2000s and early 2010s. The global financial crisis of 2008 was the first step towards the slow collapse of the Spanish economy, which was then followed by the Eurozone crisis, which initially began in 2009. During these years, government spending dramatically exceeded government revenues and as a result, Spain was forced to absorb regularly increasing debt in order to sustain and preserve the state of the government. Unemployment was always a weakness within the Spanish economy, having never really reached economically appropriate standards for a country of its stature. Prior to the economic crisis, Spain’s unemployment rate remained relatively stable, however saw a sudden but dramatic rise during the following years and currently has the highest unemployment rate in the European Union, only surpassed by Greece, whose economy is arguably in the worst condition in all of Europe.

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.