In the final quarter of 2023, the Spanish economy advanced at 0.6% annual pace, following a 0.4% expansion in the preceding period. This growth surge was predominantly powered by resilient domestic demand, defying persistent inflationary pressures and elevated interest rates.
Mar 29, 2024
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The economy of Spain is a highly developed social market economy. It's the world's 15th largest by nominal GDP and the sixth-largest in Europe.
The Spanish economy is estimated to have expanded by 2.5% in 2023, marginally above what was projected in autumn, with preliminary data for ...
Key resources · Promoting stronger and more sustainable growth for all people across Spain | Blog · Press release | EN | SP | FR · Read the survey and access ...
Spain
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Spain, a country on Europe’s Iberian Peninsula, includes 17 autonomous regions with diverse geography and cultures. Capital city Madrid is home to the Royal Palace and Prado museum, housing works by European masters. Segovia has a medieval castle...
GDP growth rate: 5.8% annual change (2022)
Gross domestic product: 1.418 trillion USD (2022)
GDP per capita: 29,674.54 USD (2022)
Gross national income: 2.224 trillion PPP dollars (2022)
GNI per capita: 46,550 PPP dollars (2022)
Government debt: 95.5% of GDP (2019)
Internet users: 94.5% of the population (2022)
Source: World Bank
With a GDP of $1,2 trillion, Spain is the 4th economy of the EU - save for that of the United Kingdom - and the 14th in the world.
Country Data · Real GDP growth (Annual percent change). 1.9 · Inflation rate, average consumer prices (Annual percent change). 2.7.
Mar 26, 2024 · ING said in a note that Spain is outperforming its European peers, like Germany, as Germany's economy, for example, is more dependent on ...
Dec 19, 2023 · The Spanish economy has cooled significantly since early 2023, and we expect growth to remain weak at the start of 2024 before it gains some ...
Nov 30, 2023 · Spain's GDP growth forecast is maintained for 2023 (2.4%), revised downwards to 1.5% in 2024 and is expected to accelerate in 2025 (2.5%).
The SGI is a platform built on a cross-national survey of governance that identifies reform needs in 41 EU and OECD countries. The SGI brings together a ...