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Spain Debt to GDP Ratio

Spain's government debt to GDP fell to 101.8% in 2024, down from 105.1% in 2023. This decrease is attributed to a 3.2% GDP growth in 2024 and a narrowing fiscal deficit to 2.8% of GDP in 2024 from 3.66% in 2023. Spain's record low government debt to GDP was 16.6% in 1980 and record high was 119.3% in 2020.

Yearly Historical Data (1980-2024)

(in %)
Year Debt to GDP Ratio
2024 102%
2023 105%
2022 109.5%
2021 115.7%
2020 119.3%
2019 97.7%
2018 99.8%
2017 101.2%
2016 102%
2015 102.5%
2014 105.1%
2013 100.5%
2012 90%
2011 69.9%
2010 60.5%
2009 53.3%
2008 39.7%
2007 35.8%
2006 39.1%
2005 42.4%
2004 45.4%
2003 47.7%
2002 51.2%
2001 54%
2000 57.8%
1999 60.8%
1998 62.3%
1997 64.2%
1996 65.4%
1995 61.5%
1994 58.6%
1993 56.1%
1992 45.4%
1991 43%
1990 42.5%
1989 41%
1988 39.6%
1987 43.1%
1986 43.2%
1985 42%
1984 37%
1983 30.3%
1982 25.1%
1981 20%
1980 16.6%
Spain Debt to GDP Ratio : Definition
Spain's government debt to GDP shows its debt relative to its economic output. It's calculated by dividing Spain's total government debt by its gross domestic product. A higher ratio can indicate potential repayment challenges.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 3.2% 2.7% Dec'24
Private Credit (% GDP) 74.35% 78.32% 2024