Gross Domestic Product — Value US$ in Spain
Spain: Gross Domestic Product — Value US$ was 1.72 million million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Spain, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross domestic product — value us$ in Spain stood at 1.72 million million USD. That is the highest value across all 55 years on record.
The figure is up 6.3% on the previous year and up 24.8% over ten years.
Over the whole period, gross domestic product — value us$ in Spain peaked at 1.72 million million USD in 2024 and was at its lowest, 40,963 million USD, in 1970.
Spain ranks 18th of 236 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in Spain, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 40,963 million USD | — |
| 1971 | 46,584 million USD | +13.7% |
| 1972 | 59,093 million USD | +26.9% |
| 1973 | 78,594 million USD | +33.0% |
| 1974 | 97,204 million USD | +23.7% |
| 1975 | 114,688 million USD | +18.0% |
| 1976 | 118,424 million USD | +3.3% |
| 1977 | 132,343 million USD | +11.8% |
| 1978 | 160,491 million USD | +21.3% |
| 1979 | 214,433 million USD | +33.6% |
| 1980 | 232,580 million USD | +8.5% |
| 1981 | 202,676 million USD | -12.9% |
| 1982 | 195,867 million USD | -3.4% |
| 1983 | 170,823 million USD | -12.8% |
| 1984 | 171,981 million USD | +0.7% |
| 1985 | 180,667 million USD | +5.1% |
| 1986 | 251,139 million USD | +39.0% |
| 1987 | 318,512 million USD | +26.8% |
| 1988 | 375,892 million USD | +18.0% |
| 1989 | 414,482 million USD | +10.3% |
| 1990 | 536,145 million USD | +29.4% |
| 1991 | 576,734 million USD | +7.6% |
| 1992 | 630,454 million USD | +9.3% |
| 1993 | 524,734 million USD | -16.8% |
| 1994 | 530,181 million USD | +1.0% |
| 1995 | 614,173 million USD | +15.8% |
| 1996 | 642,292 million USD | +4.6% |
| 1997 | 589,764 million USD | -8.2% |
| 1998 | 618,742 million USD | +4.9% |
| 1999 | 634,395 million USD | +2.5% |
| 2000 | 598,103 million USD | -5.7% |
| 2001 | 627,799 million USD | +5.0% |
| 2002 | 708,938 million USD | +12.9% |
| 2003 | 907,963 million USD | +28.1% |
| 2004 | 1.07 million million USD | +17.8% |
| 2005 | 1.15 million million USD | +7.9% |
| 2006 | 1.26 million million USD | +9.3% |
| 2007 | 1.48 million million USD | +17.0% |
| 2008 | 1.64 million million USD | +10.8% |
| 2009 | 1.50 million million USD | -8.5% |
| 2010 | 1.43 million million USD | -4.6% |
| 2011 | 1.49 million million USD | +4.2% |
| 2012 | 1.33 million million USD | -10.5% |
| 2013 | 1.36 million million USD | +2.3% |
| 2014 | 1.38 million million USD | +1.3% |
| 2015 | 1.21 million million USD | -12.6% |
| 2016 | 1.24 million million USD | +3.1% |
| 2017 | 1.32 million million USD | +6.3% |
| 2018 | 1.43 million million USD | +8.3% |
| 2019 | 1.40 million million USD | -2.0% |
| 2020 | 1.29 million million USD | -8.1% |
| 2021 | 1.46 million million USD | +13.3% |
| 2022 | 1.45 million million USD | -1.0% |
| 2023 | 1.62 million million USD | +12.0% |
| 2024 | 1.72 million million USD | +6.3% |
Spain compared with similar countries
- Spain's 1.72 million million USD is above the median for high income countries, which is 95,350 million USD, 18.1× the median. (73 countries reporting)
- Spain's 1.72 million million USD is above the median for Europe & Central Asia, which is 97,163 million USD, 17.7× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 106,282 million USD | 40,963 million USD | 214,433 million USD | 10 |
| 1980s | 251,462 million USD | 170,823 million USD | 414,482 million USD | 10 |
| 1990s | 589,761 million USD | 524,734 million USD | 642,292 million USD | 10 |
| 2000s | 1.09 million million USD | 598,103 million USD | 1.64 million million USD | 10 |
| 2010s | 1.36 million million USD | 1.21 million million USD | 1.49 million million USD | 10 |
| 2020s | 1.51 million million USD | 1.29 million million USD | 1.72 million million USD | 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)
- SDRs holdings, US dollar, annual growth rate -9.14 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 298.15 units per person (2025)
- SDRs holdings, SDR, annual growth rate -13.48 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0056 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 217.71 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.3 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0051 units per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Spain?
- Gross domestic product — value us$ in Spain was 1.72 million million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Spain?
- The highest recorded value was 1.72 million million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Spain?
- The lowest recorded value was 40,963 million USD in 1970.
- How does Spain rank for gross domestic product — value us$?
- Spain ranks 18th out of 236 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Spain?
- Over the last ten years it is up 24.8%. The long-run trend across the full record is volatile.
- Where does this Spain data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).