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The economy of Spain is a highly developed social market economy. [28] It is the world's 15th largest by nominal GDP and the sixth-largest in Europe. Spain is a member of the European Union and the eurozone, as well as the Organization for Economic Co-operation and Development and the World Trade Organization.
Mar 29, 2024 · According to the latest Eurostat estimates, Spain's economy is projected to grow by 1.7% in 2024 and 2% in 2025, surpassing the European Union's average of 0.9% and 1.7%, respectively.
Economic activity in Spain is set to slow but remain above the euro zone average, supported by declining inflationary pressures, accelerating real wage growth and a buoyant tourism sector. Read more: Koldo corruption scandal shakes Spanish government. Read more: Divisive Catalonia amnesty deal threatens Spain's stability
May 15, 2024 · Economic activity in Spain is expected to grow at 2.1% in 2024 and 1.9% in 2025 driven by domestic demand and sustained by continued labour market resilience. The implementation of the Recovery and Resilience Plan (RRP) is set to underpin investment growth over the forecast horizon.
Want to get insight on the economic outlook for Spain in the coming years? FocusEconomics collects projections out to 2033 on 57 economic indicators for Spain from a panel of 49 analysts at the leading national, regional and global forecast institutions.
Jan 27, 2023 · MADRID, Jan 27 (Reuters) - Spain's gross domestic product grew a faster-than-expected 5.5% in 2022 as the country avoided a recession in the final quarter despite fears of a global...
Apr 17, 2024 · Energy price falls spark drop in German and Spanish inflation. Headline pressures ease but investors bet ECB will have to raise interest rates in May. Get the latest news, analysis and opinion on...
GDP (current US$) - Spain. World Bank national accounts data, and OECD National Accounts data files. License : CC BY-4.0. Line Bar Map.
Oct 25, 2023 · Economic Survey of Spain - 25 October 2023. Spain implemented sizable measures to cushion the impact of the pandemic and of the inflationary shock after Russia’s war of aggression against Ukraine.
The Spanish Gross Domestic Product (GDP) increased in volume by 5.8% in 2022 compared to 2021, according to the flash estimates of the Annual National Accounts of Spain. This data shows an increase of three tenths with respect to that advanced by the Quarterly National Accounts1 (QNAS) in March.
