Flag of es

Spain GDP Annual Growth Rate

Spain's GDP annual growth rate rose to 3.15% in 2024, up from 2.68% in 2023, according to World Bank. This represents an increase of 0.47% from the previous year. Spain has GDP annual growth rate lower than the global median (3.15% vs median 3.24%). Compared with the median in Europe, Spain is higher (3.15% vs regional median 2.10%) and ranks 14th out of 47 countries in Europe.

Spain's real GDP rose to $1.42 trillion in 2024, up from $1.38 trillion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 3.15%
2023 2.68%
2022 6.18%
2021 6.68%
2020 -10.94%
2019 1.96%
2018 2.4%
2017 2.9%
2016 2.92%
2015 4.06%
2014 1.52%
2013 -1.43%
2012 -2.87%
2011 -0.64%
2010 0.09%
2009 -3.77%
2008 0.77%
2007 3.53%
2006 4.04%
2005 3.55%
2004 3.11%
2003 2.94%
2002 2.76%
2001 3.92%
2000 5.2%
1999 4.41%
1998 4.3%
1997 3.59%
1996 2.61%
1995 2.76%
1994 2.38%
1993 -1.03%
1992 0.93%
1991 2.55%
1990 3.78%
1989 4.83%
1988 5.09%
1987 5.55%
1986 3.25%
1985 2.32%
1984 1.78%
1983 1.77%
1982 1.25%
1981 -0.13%
1980 2.21%
1979 0.04%
1978 1.46%
1977 2.84%
1976 3.3%
1975 0.54%
1974 5.62%
1973 7.79%
1972 8.15%
1971 4.65%
1970 4.24%
1969 8.91%
1968 6.6%
1967 4.34%
1966 7.25%
1965 6.25%
1964 5.31%
1963 9.6%
1962 9.95%
1961 11.84%
Spain GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Spain's total economic output.
Indicator Last Value Prior Value Period
GDP $1.72T $1.62T 2024
GDP Growth Rate (QoQ) 0.8% 0.6% Jun'25
GDP Growth Rate (YoY) 3.1% 3.2% Jun'25
GDP per Capita $29,192.57 $28,569.84 2024
GDP per Capita PPP $48,373.05 $47,341.17 2024
R&D Expenditure (% GDP) 1.44% 1.41% 2022
Real GDP $1.42T $1.38T 2024