Annual GDP growth in Spain
Spain: Annual GDP growth was 2.7% in 2023. ◆ Volatile
Latest (2023)
2.7%
Change on year
down 56.6%
World rank
112th
of 211 countries
All-time high
6.7%
in 2021
All-time low
-10.9%
in 2020
Years of data
24
2000–2023
Annual GDP growth in Spain, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Spain recorded 2.7% for annual gdp growth in 2023.
The figure is down 56.6% on the previous year and up 287.4% 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.
Spain ranks 112th of 211 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
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 | 1.1% | -10.9% | 6.7% | 4 |
Countries ranked near Spain
More economy & growth data for Spain
- External balance on goods and services as a percent of GDP 3.8% (2025)
- Inflation of consumer prices 2.7% (2025)
- GDP per capita 29,763 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.6% (2025)
- Gross domestic product (GDP) 1.47 trillion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 29,763 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -11.68 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -12.64 billion current US$ (2024)
- Taxes less subsidies on products 158.34 billion current LCU (2025)
Frequently asked questions
- What is annual gdp growth in Spain?
- Annual gdp growth in Spain was 2.7% in 2023, according to World Bank – processed by Our World in Data.
- 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 112th out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Spain?
- Over the last ten years it is up 287.4%. The long-run trend across the full record is volatile.
- Where does this Spain data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Annual GDP growth (%)