Gross domestic product (GDP) in Spain
Spain: Gross domestic product (GDP) was 2.19 trillion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
2.19 trillion international-$ in 2021 prices
Change on year
up 2.6%
World rank
15th
of 184 countries
All-time high
2.19 trillion international-$ in 2021 prices
in 2023
All-time low
120.60 billion international-$ in 2021 prices
in 1950
Years of data
74
1950–2023
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.
Gross domestic product (GDP) in Spain, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1950 | 120.60 billion international-$ in 2021 prices | — |
| 1951 | 142.07 billion international-$ in 2021 prices | +17.8% |
| 1952 | 149.06 billion international-$ in 2021 prices | +4.9% |
| 1953 | 143.50 billion international-$ in 2021 prices | -3.7% |
| 1954 | 162.02 billion international-$ in 2021 prices | +12.9% |
| 1955 | 170.80 billion international-$ in 2021 prices | +5.4% |
| 1956 | 183.29 billion international-$ in 2021 prices | +7.3% |
| 1957 | 191.13 billion international-$ in 2021 prices | +4.3% |
| 1958 | 199.06 billion international-$ in 2021 prices | +4.1% |
| 1959 | 195.06 billion international-$ in 2021 prices | -2.0% |
| 1960 | 217.25 billion international-$ in 2021 prices | +11.4% |
| 1961 | 242.54 billion international-$ in 2021 prices | +11.6% |
| 1962 | 266.10 billion international-$ in 2021 prices | +9.7% |
| 1963 | 291.59 billion international-$ in 2021 prices | +9.6% |
| 1964 | 306.60 billion international-$ in 2021 prices | +5.1% |
| 1965 | 323.89 billion international-$ in 2021 prices | +5.6% |
| 1966 | 348.30 billion international-$ in 2021 prices | +7.5% |
| 1967 | 365.70 billion international-$ in 2021 prices | +5.0% |
| 1968 | 391.01 billion international-$ in 2021 prices | +6.9% |
| 1969 | 427.22 billion international-$ in 2021 prices | +9.3% |
| 1970 | 444.79 billion international-$ in 2021 prices | +4.1% |
| 1971 | 466.27 billion international-$ in 2021 prices | +4.8% |
| 1972 | 504.31 billion international-$ in 2021 prices | +8.2% |
| 1973 | 542.11 billion international-$ in 2021 prices | +7.5% |
| 1974 | 568.21 billion international-$ in 2021 prices | +4.8% |
| 1975 | 571.67 billion international-$ in 2021 prices | +0.6% |
| 1976 | 598.45 billion international-$ in 2021 prices | +4.7% |
| 1977 | 624.21 billion international-$ in 2021 prices | +4.3% |
| 1978 | 643.01 billion international-$ in 2021 prices | +3.0% |
| 1979 | 651.19 billion international-$ in 2021 prices | +1.3% |
| 1980 | 675.24 billion international-$ in 2021 prices | +3.7% |
| 1981 | 640.32 billion international-$ in 2021 prices | -5.2% |
| 1982 | 617.72 billion international-$ in 2021 prices | -3.5% |
| 1983 | 603.49 billion international-$ in 2021 prices | -2.3% |
| 1984 | 592.11 billion international-$ in 2021 prices | -1.9% |
| 1985 | 583.07 billion international-$ in 2021 prices | -1.5% |
| 1986 | 623.15 billion international-$ in 2021 prices | +6.9% |
| 1987 | 670.68 billion international-$ in 2021 prices | +7.6% |
| 1988 | 720.64 billion international-$ in 2021 prices | +7.4% |
| 1989 | 770.62 billion international-$ in 2021 prices | +6.9% |
| 1990 | 815.79 billion international-$ in 2021 prices | +5.9% |
| 1991 | 857.10 billion international-$ in 2021 prices | +5.1% |
| 1992 | 882.17 billion international-$ in 2021 prices | +2.9% |
| 1993 | 898.18 billion international-$ in 2021 prices | +1.8% |
| 1994 | 939.13 billion international-$ in 2021 prices | +4.6% |
| 1995 | 990.92 billion international-$ in 2021 prices | +5.5% |
| 1996 | 1.03 trillion international-$ in 2021 prices | +3.6% |
| 1997 | 1.10 trillion international-$ in 2021 prices | +7.2% |
| 1998 | 1.17 trillion international-$ in 2021 prices | +6.7% |
| 1999 | 1.23 trillion international-$ in 2021 prices | +4.4% |
| 2000 | 1.31 trillion international-$ in 2021 prices | +7.1% |
| 2001 | 1.37 trillion international-$ in 2021 prices | +4.2% |
| 2002 | 1.43 trillion international-$ in 2021 prices | +4.4% |
| 2003 | 1.42 trillion international-$ in 2021 prices | -0.4% |
| 2004 | 1.47 trillion international-$ in 2021 prices | +3.2% |
| 2005 | 1.58 trillion international-$ in 2021 prices | +7.4% |
| 2006 | 1.70 trillion international-$ in 2021 prices | +7.7% |
| 2007 | 1.84 trillion international-$ in 2021 prices | +8.1% |
| 2008 | 1.87 trillion international-$ in 2021 prices | +1.9% |
| 2009 | 1.83 trillion international-$ in 2021 prices | -2.0% |
| 2010 | 1.82 trillion international-$ in 2021 prices | -0.9% |
| 2011 | 1.79 trillion international-$ in 2021 prices | -1.6% |
| 2012 | 1.77 trillion international-$ in 2021 prices | -0.8% |
| 2013 | 1.73 trillion international-$ in 2021 prices | -2.7% |
| 2014 | 1.74 trillion international-$ in 2021 prices | +0.5% |
| 2015 | 1.84 trillion international-$ in 2021 prices | +6.2% |
| 2016 | 1.92 trillion international-$ in 2021 prices | +4.3% |
| 2017 | 2.01 trillion international-$ in 2021 prices | +4.3% |
| 2018 | 2.00 trillion international-$ in 2021 prices | -0.2% |
| 2019 | 2.14 trillion international-$ in 2021 prices | +7.0% |
| 2020 | 1.86 trillion international-$ in 2021 prices | -13.0% |
| 2021 | 2.01 trillion international-$ in 2021 prices | +7.6% |
| 2022 | 2.14 trillion international-$ in 2021 prices | +6.7% |
| 2023 | 2.19 trillion international-$ in 2021 prices | +2.6% |
Spain compared with similar countries
- Spain's 2.19 trillion international-$ in 2021 prices is above the median for high income countries, which is 277.84 billion international-$ in 2021 prices, 7.9× the median. (66 countries reporting)
- Spain's 2.19 trillion international-$ in 2021 prices is above the median for Europe & Central Asia, which is 314.74 billion international-$ in 2021 prices, 7.0× the median. (48 countries reporting)
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
- 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$), annual growth rate 19.32 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Spain?
- Gross domestic product (gdp) in Spain was 2.19 trillion international-$ 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.
Download this data
CSV · JSON — 74 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.