Annual GDP growth in Spain
Spain: Annual GDP growth was 3.5% in 2024. ◆ Volatile
Annual GDP growth in Spain, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual gdp growth in Spain stood at 3.5%.
Compared with earlier readings it is up 40.4% on the previous year and up 127.2% over ten years.
Over the whole period, annual gdp growth in Spain peaked at 6.7% in 2021 and was at its lowest, -10.9%, in 2020.
That places Spain 108th out of 230 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Spain, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 5.2% | — |
| 2001 | 3.9% | -24.6% |
| 2002 | 2.8% | -29.7% |
| 2003 | 2.9% | +6.7% |
| 2004 | 3.1% | +6.0% |
| 2005 | 3.6% | +14.0% |
| 2006 | 4.0% | +13.9% |
| 2007 | 3.5% | -12.6% |
| 2008 | 0.8% | -78.3% |
| 2009 | -3.8% | -591.2% |
| 2010 | 0.1% | -102.5% |
| 2011 | -0.6% | -779.9% |
| 2012 | -2.9% | +347.7% |
| 2013 | -1.4% | -50.2% |
| 2014 | 1.5% | -206.5% |
| 2015 | 4.1% | +167.1% |
| 2016 | 2.9% | -28.2% |
| 2017 | 2.9% | -0.7% |
| 2018 | 2.4% | -17.3% |
| 2019 | 2.0% | -18.1% |
| 2020 | -10.9% | -657.8% |
| 2021 | 6.7% | -161.1% |
| 2022 | 6.4% | -4.7% |
| 2023 | 2.5% | -61.4% |
| 2024 | 3.5% | +40.4% |
Spain compared with similar countries
- Spain's 3.5% is above the median for high income countries, which is 2.1%, 1.6× the median. (80 countries reporting)
- Spain's 3.5% is above the median for Europe & Central Asia, which is 2.6%, 1.3× the median. (55 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth in Spain changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2011 | -779.9% | 0.1% | -0.6% |
| 2020 | -657.8% | 2.0% | -10.9% |
| 2009 | -591.2% | 0.8% | -3.8% |
| 2012 | -347.7% | -0.6% | -2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.6% | -3.8% | 5.2% | 10 |
| 2010s | 1.1% | -2.9% | 4.1% | 10 |
| 2020s | 1.6% | -10.9% | 6.7% | 5 |
Countries ranked near Spain
More economy & growth data for Spain
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.77 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.62 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -9.14 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 298.15 units per person (2025)
- SDRs holdings, SDR, annual growth rate -13.48 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0056 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 217.71 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.3 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0051 units per US$ of GDP (2025)
Frequently asked questions
- What is annual gdp growth in Spain?
- Annual gdp growth in Spain was 3.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Spain?
- The highest recorded value was 6.7% in 2021.
- What is the lowest annual gdp growth recorded in Spain?
- The lowest recorded value was -10.9% in 2020.
- How does Spain rank for annual gdp growth?
- Spain ranks 108th out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Spain?
- Over the last ten years it is up 127.2%. The long-run trend across the full record is volatile.
- Where does this Spain data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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