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The economy of Spain is a highly developed social market economy. [29] 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.
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.
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
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...
The snapshot offers a concise summary of Spain's economic trends and prospects, drawing from the OECD Economic Survey, Economic Outlook, and Economic Policy Reform: Going for Growth reports, delivering in-depth analyses of economic trends, suggested policy recommendations, alongside an overview of structural policy developments.
GDP (current US$) - Spain. World Bank national accounts data, and OECD National Accounts data files. License : CC BY-4.0. Line Bar Map.
Jan 27, 2023 · The Spanish economy shrunk 11.3% in 2020 when the pandemic shut down tourism, and the economy has not yet fully recovered to pre-Covid levels. ($1 = 0.9202 euros) Get a look at the day ahead in...
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 48 analysts at the leading national, regional and global forecast institutions.
The Spanish economy has still a gap to fill from the pandemic. Contraction in 2020 was larger than in other advanced economies, and although the recovery was strong, it still lags other European economies in terms of GDP per capita and private consumption.
