External balance on goods and services in Spain
Spain: External balance on goods and services was 3.8% in 2025. ◆ Volatile
External balance on goods and services in Spain, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2025, external balance on goods and services in Spain stood at 3.8%.
Compared with earlier readings it is down 8.1% on the previous year and up 26.8% over ten years.
Over the whole period, external balance on goods and services in Spain peaked at 4.2% in 2024 and was at its lowest, -5.8%, in 2007.
Spain ranks 51st of 193 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.
External balance on goods and services in Spain, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | -1.5% | — |
| 1971 | 0.1% | -109.5% |
| 1972 | -0.5% | -433.0% |
| 1973 | -1.5% | +197.0% |
| 1974 | -5.3% | +266.4% |
| 1975 | -4.3% | -18.7% |
| 1976 | -4.9% | +14.1% |
| 1977 | -2.6% | -46.3% |
| 1978 | 0.0% | -101.8% |
| 1979 | -0.4% | -944.1% |
| 1980 | -3.0% | +617.8% |
| 1981 | -2.8% | -5.7% |
| 1982 | -2.6% | -8.6% |
| 1983 | -1.6% | -37.5% |
| 1984 | 1.1% | -168.1% |
| 1985 | 0.9% | -18.6% |
| 1986 | 1.1% | +20.5% |
| 1987 | -0.9% | -179.8% |
| 1988 | -2.1% | +145.5% |
| 1989 | -4.2% | +99.2% |
| 1990 | -4.1% | -0.4% |
| 1991 | -3.9% | -4.9% |
| 1992 | -3.6% | -9.0% |
| 1993 | -1.5% | -57.8% |
| 1994 | -1.0% | -33.9% |
| 1995 | -1.1% | +9.7% |
| 1996 | -0.2% | -86.2% |
| 1997 | 0.2% | -235.3% |
| 1998 | -0.4% | -310.0% |
| 1999 | -1.9% | +345.3% |
| 2000 | -2.9% | +53.5% |
| 2001 | -2.3% | -23.2% |
| 2002 | -2.0% | -12.7% |
| 2003 | -2.2% | +11.7% |
| 2004 | -3.7% | +68.0% |
| 2005 | -4.8% | +30.1% |
| 2006 | -5.7% | +18.7% |
| 2007 | -5.8% | +1.1% |
| 2008 | -4.7% | -18.1% |
| 2009 | -0.9% | -81.7% |
| 2010 | -1.0% | +19.8% |
| 2011 | 0.3% | -125.5% |
| 2012 | 2.0% | +671.9% |
| 2013 | 3.8% | +87.8% |
| 2014 | 3.0% | -20.9% |
| 2015 | 3.0% | -0.8% |
| 2016 | 4.0% | +31.5% |
| 2017 | 3.6% | -8.4% |
| 2018 | 2.7% | -24.6% |
| 2019 | 3.0% | +8.9% |
| 2020 | 1.5% | -49.2% |
| 2021 | 1.0% | -34.7% |
| 2022 | 0.9% | -11.3% |
| 2023 | 3.8% | +337.0% |
| 2024 | 4.2% | +8.5% |
| 2025 | 3.8% | -8.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -2.1% | -5.3% | 0.1% | 10 |
| 1980s | -1.4% | -4.2% | 1.1% | 10 |
| 1990s | -1.8% | -4.1% | 0.2% | 10 |
| 2000s | -3.5% | -5.8% | -0.9% | 10 |
| 2010s | 2.4% | -1.0% | 4.0% | 10 |
| 2020s | 2.5% | 0.9% | 4.2% | 6 |
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)
- Exports of goods and services (current LCU), annual growth rate 4.63 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 0.3242 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 12,524 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 3.57 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.2754 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 10,636 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 12.22 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2061 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is external balance on goods and services in Spain?
- External balance on goods and services in Spain was 3.8% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Spain?
- The highest recorded value was 4.2% in 2024.
- What is the lowest external balance on goods and services recorded in Spain?
- The lowest recorded value was -5.8% in 2007.
- How does Spain rank for external balance on goods and services?
- Spain ranks 51st out of 193 countries with data for 2025.
- Is external balance on goods and services rising or falling in Spain?
- Over the last ten years it is up 26.8%. The long-run trend across the full record is volatile.
- Where does this Spain data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.