Gross domestic product (GDP) in Spain
Spain: Gross domestic product (GDP) was 2.19 trillion international-$ in 2021 prices in 2023. ◆ Volatile
Gross domestic product (GDP) in Spain, 1950–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2023, gross domestic product (gdp) in Spain stood at 2.19 trillion international-$ in 2021 prices. That is the highest value across all 74 years on record.
Compared with earlier readings it is up 2.6% on the previous year and up 27.0% over ten years.
Over the whole period, gross domestic product (gdp) in Spain peaked at 2.19 trillion international-$ in 2021 prices in 2023 and was at its lowest, 120.60 billion international-$ in 2021 prices, in 1950.
That places Spain 15th out of 184 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 165.66 billion international-$ in 2021 prices | 120.60 billion international-$ in 2021 prices | 199.06 billion international-$ in 2021 prices | 10 |
| 1960s | 318.02 billion international-$ in 2021 prices | 217.25 billion international-$ in 2021 prices | 427.22 billion international-$ in 2021 prices | 10 |
| 1970s | 561.42 billion international-$ in 2021 prices | 444.79 billion international-$ in 2021 prices | 651.19 billion international-$ in 2021 prices | 10 |
| 1980s | 649.70 billion international-$ in 2021 prices | 583.07 billion international-$ in 2021 prices | 770.62 billion international-$ in 2021 prices | 10 |
| 1990s | 990.94 billion international-$ in 2021 prices | 815.79 billion international-$ in 2021 prices | 1.23 trillion international-$ in 2021 prices | 10 |
| 2000s | 1.58 trillion international-$ in 2021 prices | 1.31 trillion international-$ in 2021 prices | 1.87 trillion international-$ in 2021 prices | 10 |
| 2010s | 1.88 trillion international-$ in 2021 prices | 1.73 trillion international-$ in 2021 prices | 2.14 trillion international-$ in 2021 prices | 10 |
| 2020s | 2.05 trillion international-$ in 2021 prices | 1.86 trillion international-$ in 2021 prices | 2.19 trillion international-$ in 2021 prices | 4 |
Countries ranked near Spain
- 12 Italy 3.00 trillion international-$ in 2021 prices compare
- 13 South Korea 2.91 trillion international-$ in 2021 prices compare
- 14 Mexico 2.60 trillion international-$ in 2021 prices compare
- 16 Canada 2.17 trillion international-$ in 2021 prices compare
- 17 Saudi Arabia 1.96 trillion international-$ in 2021 prices compare
- 18 Egypt 1.96 trillion international-$ in 2021 prices compare
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 gross domestic product (gdp) in Spain?
- Gross domestic product (gdp) in Spain was 2.19 trillion international-$ in 2021 prices in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Spain?
- The highest recorded value was 2.19 trillion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Spain?
- The lowest recorded value was 120.60 billion international-$ in 2021 prices in 1950.
- How does Spain rank for gross domestic product (gdp)?
- Spain ranks 15th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Spain?
- Over the last ten years it is up 27.0%. The long-run trend across the full record is volatile.
- Where does this Spain data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.