Annual GDP growth in Spain
Spain: Annual GDP growth was 3.5% in 2024. ◆ Volatile
Annual GDP growth in Spain, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Spain recorded 3.5% for annual gdp growth in 2024.
The figure is up 40.7% on the previous year and up 127.6% 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 99th of 212 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.
Annual GDP growth in Spain, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 5.2% | — |
| 2001 | 3.9% | -24.6% |
| 2002 | 2.8% | -29.6% |
| 2003 | 2.9% | +6.5% |
| 2004 | 3.1% | +5.8% |
| 2005 | 3.5% | +14.1% |
| 2006 | 4.0% | +13.8% |
| 2007 | 3.5% | -12.6% |
| 2008 | 0.8% | -78.2% |
| 2009 | -3.8% | -589.6% |
| 2010 | 0.1% | -102.4% |
| 2011 | -0.6% | -811.1% |
| 2012 | -2.9% | +348.4% |
| 2013 | -1.4% | -50.2% |
| 2014 | 1.5% | -206.3% |
| 2015 | 4.1% | +167.1% |
| 2016 | 2.9% | -28.1% |
| 2017 | 2.9% | -0.7% |
| 2018 | 2.4% | -17.2% |
| 2019 | 2.0% | -18.3% |
| 2020 | -10.9% | -658.2% |
| 2021 | 6.7% | -161.1% |
| 2022 | 6.4% | -4.6% |
| 2023 | 2.5% | -61.4% |
| 2024 | 3.5% | +40.7% |
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. (83 countries reporting)
- Spain's 3.5% is above the median for Europe & Central Asia, which is 2.1%, 1.6× 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 | -811.1% | 0.1% | -0.6% |
| 2020 | -658.2% | 2.0% | -10.9% |
| 2009 | -589.6% | 0.8% | -3.8% |
| 2012 | -348.4% | -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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 46.38 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0243 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 939.77 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 28.09 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -34.34 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0147 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 569.12 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 19.32 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in Spain?
- Annual gdp growth in Spain was 3.5% in 2024, 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 99th out of 212 countries with data for 2024.
- Is annual gdp growth rising or falling in Spain?
- Over the last ten years it is up 127.6%. 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.
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About this data
Annual GDP growth (%).