Gross Domestic Product — Value Standard Local Currency, annual growth in Spain
Spain: Gross Domestic Product — Value Standard Local Currency, annual growth was 6.23 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Spain, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value standard local currency, annual growth in Spain stood at 6.23 % change on previous year.
Compared with earlier readings it is down 31.4% on the previous year and up 380.3% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Spain peaked at 26.89 % change on previous year in 1977 and was at its lowest, -9.93 % change on previous year, in 2020.
That places Spain 128th out of 218 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, annual growth in Spain, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 12.86 % change on previous year | — |
| 1972 | 17.36 % change on previous year | +35.0% |
| 1973 | 20.56 % change on previous year | +18.4% |
| 1974 | 22.46 % change on previous year | +9.2% |
| 1975 | 17.41 % change on previous year | -22.5% |
| 1976 | 20.34 % change on previous year | +16.8% |
| 1977 | 26.89 % change on previous year | +32.2% |
| 1978 | 22.4 % change on previous year | -16.7% |
| 1979 | 16.98 % change on previous year | -24.2% |
| 1980 | 15.86 % change on previous year | -6.6% |
| 1981 | 12.2 % change on previous year | -23.1% |
| 1982 | 15 % change on previous year | +22.9% |
| 1983 | 13.87 % change on previous year | -7.6% |
| 1984 | 12.84 % change on previous year | -7.4% |
| 1985 | 11.12 % change on previous year | -13.4% |
| 1986 | 14.49 % change on previous year | +30.3% |
| 1987 | 11.82 % change on previous year | -18.4% |
| 1988 | 11.33 % change on previous year | -4.1% |
| 1989 | 12.06 % change on previous year | +6.4% |
| 1990 | 11.38 % change on previous year | -5.6% |
| 1991 | 9.66 % change on previous year | -15.2% |
| 1992 | 7.7 % change on previous year | -20.2% |
| 1993 | 3.46 % change on previous year | -55.1% |
| 1994 | 6.36 % change on previous year | +83.7% |
| 1995 | 7.83 % change on previous year | +23.1% |
| 1996 | 6.23 % change on previous year | -20.4% |
| 1997 | 6.14 % change on previous year | -1.5% |
| 1998 | 7.05 % change on previous year | +14.8% |
| 1999 | 7.14 % change on previous year | +1.3% |
| 2000 | 8.79 % change on previous year | +23.1% |
| 2001 | 8.24 % change on previous year | -6.2% |
| 2002 | 6.96 % change on previous year | -15.6% |
| 2003 | 7.06 % change on previous year | +1.5% |
| 2004 | 7.15 % change on previous year | +1.2% |
| 2005 | 7.91 % change on previous year | +10.7% |
| 2006 | 8.28 % change on previous year | +4.6% |
| 2007 | 7.22 % change on previous year | -12.8% |
| 2008 | 3.24 % change on previous year | -55.2% |
| 2009 | -3.55 % change on previous year | -209.5% |
| 2010 | 0.3868 % change on previous year | -110.9% |
| 2011 | -0.7845 % change on previous year | -302.8% |
| 2012 | -3.06 % change on previous year | +290.4% |
| 2013 | -0.9952 % change on previous year | -67.5% |
| 2014 | 1.3 % change on previous year | -230.3% |
| 2015 | 4.64 % change on previous year | +257.5% |
| 2016 | 3.3 % change on previous year | -28.8% |
| 2017 | 4.19 % change on previous year | +27.0% |
| 2018 | 3.61 % change on previous year | -13.8% |
| 2019 | 3.42 % change on previous year | -5.4% |
| 2020 | -9.93 % change on previous year | -390.6% |
| 2021 | 9.41 % change on previous year | -194.8% |
| 2022 | 11.18 % change on previous year | +18.8% |
| 2023 | 9.08 % change on previous year | -18.8% |
| 2024 | 6.23 % change on previous year | -31.4% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, annual 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 |
|---|---|---|---|
| 2020 | -390.6% | 3.42 % change on previous year | -9.93 % change on previous year |
| 2011 | -302.8% | 0.3868 % change on previous year | -0.7845 % change on previous year |
| 2012 | -290.4% | -0.7845 % change on previous year | -3.06 % change on previous year |
| 2015 | +257.5% | 1.3 % change on previous year | 4.64 % change on previous year |
| 2014 | +230.3% | -0.9952 % change on previous year | 1.3 % change on previous year |
| 2009 | -209.5% | 3.24 % change on previous year | -3.55 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.7 % change on previous year | 12.86 % change on previous year | 26.89 % change on previous year | 9 |
| 1980s | 13.06 % change on previous year | 11.12 % change on previous year | 15.86 % change on previous year | 10 |
| 1990s | 7.3 % change on previous year | 3.46 % change on previous year | 11.38 % change on previous year | 10 |
| 2000s | 6.13 % change on previous year | -3.55 % change on previous year | 8.79 % change on previous year | 10 |
| 2010s | 1.6 % change on previous year | -3.06 % change on previous year | 4.64 % change on previous year | 10 |
| 2020s | 5.19 % change on previous year | -9.93 % change on previous year | 11.18 % change on previous year | 5 |
Countries ranked near Spain
- 125 Puerto Rico 6.31 % change on previous year compare
- 126 Lithuania 6.26 % change on previous year compare
- 127 Netherlands (Kingdom of the) 6.23 % change on previous year compare
- 129 Micronesia (Federated States of) 6.2 % change on previous year compare
- 130 Republic of Korea 6.16 % change on previous year compare
- 131 Indonesia 5.97 % change on previous year 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 — value standard local currency, annual growth in Spain?
- Gross domestic product — value standard local currency, annual growth in Spain was 6.23 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Spain?
- The highest recorded value was 26.89 % change on previous year in 1977.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Spain?
- The lowest recorded value was -9.93 % change on previous year in 2020.
- How does Spain rank for gross domestic product — value standard local currency, annual growth?
- Spain ranks 128th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Spain?
- Over the last ten years it is up 380.3%. The long-run trend across the full record is volatile.
- Where does this Spain data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.