Flag of es

Spain Trade (% GDP)

Spain's trade (% GDP) fell to 70.31% in 2024, down from 72.19% in 2023, according to World Bank. This represents a decrease of 1.88% from the previous year. Spain has trade (% GDP) lower than the global median (70.31% vs median 84.49%). Compared with the median in Europe, Spain is lower (70.31% vs regional median 111.00%) and ranks 39th out of 44 countries in Europe.

Yearly Historical Data (1970-2024)

(in %)
Year Trade (% GDP)
2024 70.31%
2023 72.19%
2022 78.63%
2021 66.52%
2020 59.45%
2019 66.37%
2018 67.01%
2017 66.17%
2016 63.19%
2015 63.58%
2014 63.4%
2013 61.67%
2012 60.55%
2011 58.51%
2010 52.69%
2009 46.84%
2008 55.83%
2007 57.63%
2006 56.08%
2005 54.7%
2004 54.48%
2003 53.44%
2002 55.1%
2001 58.01%
2000 60.12%
1999 54.7%
1998 52.73%
1997 51.23%
1996 46.3%
1995 44.83%
1994 41.7%
1993 37%
1992 36.02%
1991 35.52%
1990 35.65%
1989 37.43%
1988 36.76%
1987 36.36%
1986 35.39%
1985 40.92%
1984 41.59%
1983 39.82%
1982 36.57%
1981 35.42%
1980 31.6%
1979 27.87%
1978 27.76%
1977 29.2%
1976 30.11%
1975 29.12%
1974 31.73%
1973 28.14%
1972 27.21%
1971 25.93%
1970 25.85%
Spain Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Spain divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $403.7B $420.17B 2024
Annual Imports $451.3B $469.04B 2024
Balance of Trade -€6B -€4B Aug'25
Exports €24.4B €34.4B Aug'25
Exports (% GDP) 37.29% 38.06% 2024
FDI Inflows (% GDP) 1.89% 2.65% 2024
Imports €30.3B €38.4B Aug'25
Imports (% GDP) 33.01% 34.13% 2024
Net Trade (Goods & Services, BoP) $73.86B $63.7B 2024
Tariff Rate 1.95% 2.24% 2022