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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.
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.
Jan 27, 2023 · Public spending drove the economy in the last quarter of the year, compensating for a contraction in private consumption and allowing Spain to notch a seventh consecutive quarter of growth.
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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.
GDP (current US$) - Spain. World Bank national accounts data, and OECD National Accounts data files. License : CC BY-4.0. Line Bar Map.
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.
OECD’s periodic surveys of the Spanish economy. Each edition surveys the major challenges faced by the country, evaluates the short-term outlook, and makes specific policy recommendations. Special chapters take a more detailed look at specific challenges.
