Gross public sector debt as a share of gross domestic product in Spain
Spain: Gross public sector debt as a share of gross domestic product was 93.4% in 2024. ▲ Rising
Gross public sector debt as a share of gross domestic product in Spain, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Spain recorded 93.4% for gross public sector debt as a share of gross domestic product in 2024.
The figure is down 2.6% on the previous year and up 2.5% over ten years.
Over the whole period, gross public sector debt as a share of gross domestic product in Spain peaked at 107.0% in 2020 and was at its lowest, 29.6%, in 2007.
That places Spain 9th out of 49 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Gross public sector debt as a share of gross domestic product in Spain, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 48.6% | — |
| 2001 | 45.0% | -7.4% |
| 2002 | 42.9% | -4.7% |
| 2003 | 39.9% | -6.9% |
| 2004 | 38.6% | -3.4% |
| 2005 | 35.8% | -7.4% |
| 2006 | 32.5% | -9.1% |
| 2007 | 29.6% | -8.9% |
| 2008 | 33.2% | +12.1% |
| 2009 | 45.5% | +37.1% |
| 2010 | 51.2% | +12.6% |
| 2011 | 58.4% | +14.1% |
| 2012 | 77.1% | +32.1% |
| 2013 | 87.5% | +13.5% |
| 2014 | 91.2% | +4.1% |
| 2015 | 90.5% | -0.8% |
| 2016 | 89.9% | -0.6% |
| 2017 | 89.8% | -0.1% |
| 2018 | 89.4% | -0.4% |
| 2019 | 87.5% | -2.1% |
| 2020 | 107.0% | +22.3% |
| 2021 | 103.7% | -3.0% |
| 2022 | 98.9% | -4.7% |
| 2023 | 95.9% | -3.0% |
| 2024 | 93.4% | -2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 39.1% | 29.6% | 48.6% | 10 |
| 2010s | 81.2% | 51.2% | 91.2% | 10 |
| 2020s | 99.8% | 93.4% | 107.0% | 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)
- Services, value added (constant LCU), per capita 20,179 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 2.91 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 9.88 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9062 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 35,002 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.25 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.8019 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 30,976 current LCU per person (2025)
Frequently asked questions
- What is gross public sector debt as a share of gross domestic product in Spain?
- Gross public sector debt as a share of gross domestic product in Spain was 93.4% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest gross public sector debt as a share of gross domestic product recorded in Spain?
- The highest recorded value was 107.0% in 2020.
- What is the lowest gross public sector debt as a share of gross domestic product recorded in Spain?
- The lowest recorded value was 29.6% in 2007.
- How does Spain rank for gross public sector debt as a share of gross domestic product?
- Spain ranks 9th out of 49 countries with data for 2024.
- Is gross public sector debt as a share of gross domestic product rising or falling in Spain?
- Over the last ten years it is up 2.5%. The long-run trend across the full record is rising.
- Where does this Spain data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Gross public sector debt as a share of gross domestic product. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Gross public sector debt, Central Government, as a proportion of GDP (%).