Name: Spain Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

Spain's economic growth quickened to 3.2% in 2024, compared to an upwardly revised 2.7% a year before, according to preliminary figures. Full Year GDP Growth in Spain averaged 2.08 percent from 1996 until 2024, reaching an all time high of 6.70 percent in 2021 and a record low of -10.90 percent in 2020. source: National Statistics Institute (INE)

Full Year GDP Growth in Spain is expected to reach 2.50 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Full Year GDP Growth is projected to trend around 1.90 percent in 2026 and 1.80 percent in 2027, according to our econometric models.

Related	Last	Previous	Unit	Reference
Full Year GDP Growth	3.20	2.70	percent	Dec 2024
GDP	1722.75	1620.09	USD Billion	Dec 2024
GDP Growth Rate YoY	2.80	2.80	percent	Jun 2025
GDP Current Prices	416561.00	411404.00	EUR Million	Jun 2025
GDP from Agriculture	10329.00	10233.00	EUR Million	Jun 2025
GDP from Construction	22677.00	21381.00	EUR Million	Jun 2025
GDP from Manufacturing	44111.00	44239.00	EUR Million	Jun 2025
GDP from Public Administration	64014.00	64224.00	EUR Million	Jun 2025
GDP from Services	286739.00	281451.00	EUR Million	Jun 2025
GDP from Transport	93511.00	90870.00	EUR Million	Jun 2025
GDP Growth Rate	0.70	0.60	percent	Jun 2025
Gross Fixed Capital Formation	81775.00	82699.00	EUR Million	Jun 2025

Spain Full Year GDP Growth

On the expenditure side, household consumption is the main component of Spain's GDP (58 percent), followed by gross fixed capital formation (21 percent) and government expenditure (18 percent). Within investments, tangible fixed assets account for 18 percent of GDP, including construction (10 percent) and machinery, equipment and weapon system (7 percent); and intellectual property products account for the remaining 3 percent. Exports of goods and services account for 34 percent of GDP while imports account for 31 percent, adding 3 percent of total GDP.