Inflation, GDP deflator (annual %) in Spain
Spain: Inflation, GDP deflator was 2.9% in 2025. ◆ Volatile
Inflation, GDP deflator in Spain, 1961–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
The most recent figure for inflation, gdp deflator in Spain is 2.9%, measured in 2025.
The figure is up 0.8% on the previous year and up 427.6% over ten years.
Over the whole period, inflation, gdp deflator in Spain peaked at 23.4% in 1977 and was at its lowest, -0.2%, in 2014.
That places Spain 123rd out of 214 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator in Spain, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 2.5% | — |
| 1962 | 6.1% | +147.2% |
| 1963 | 7.8% | +28.7% |
| 1964 | 6.3% | -20.3% |
| 1965 | 9.2% | +46.5% |
| 1966 | 8.2% | -10.8% |
| 1967 | 8.5% | +4.5% |
| 1968 | 5.9% | -30.8% |
| 1969 | 5.1% | -13.2% |
| 1970 | 5.9% | +15.8% |
| 1971 | 7.8% | +32.0% |
| 1972 | 8.5% | +8.6% |
| 1973 | 11.8% | +39.1% |
| 1974 | 15.9% | +34.6% |
| 1975 | 16.8% | +5.2% |
| 1976 | 16.5% | -1.7% |
| 1977 | 23.4% | +41.8% |
| 1978 | 20.6% | -11.8% |
| 1979 | 16.9% | -17.9% |
| 1980 | 13.4% | -21.1% |
| 1981 | 12.4% | -7.5% |
| 1982 | 13.6% | +10.0% |
| 1983 | 11.9% | -12.5% |
| 1984 | 10.9% | -8.6% |
| 1985 | 8.6% | -20.9% |
| 1986 | 10.9% | +26.6% |
| 1987 | 5.9% | -45.4% |
| 1988 | 5.9% | -0.1% |
| 1989 | 6.9% | +16.2% |
| 1990 | 7.3% | +6.2% |
| 1991 | 6.9% | -5.3% |
| 1992 | 6.7% | -3.2% |
| 1993 | 4.5% | -32.4% |
| 1994 | 3.9% | -14.5% |
| 1995 | 4.9% | +27.1% |
| 1996 | 3.5% | -28.4% |
| 1997 | 2.5% | -30.2% |
| 1998 | 2.6% | +6.9% |
| 1999 | 2.6% | -0.6% |
| 2000 | 3.4% | +30.3% |
| 2001 | 4.2% | +22.0% |
| 2002 | 4.1% | -1.7% |
| 2003 | 4.0% | -2.1% |
| 2004 | 3.9% | -2.3% |
| 2005 | 4.2% | +7.7% |
| 2006 | 4.1% | -3.3% |
| 2007 | 3.6% | -12.6% |
| 2008 | 2.5% | -31.1% |
| 2009 | 0.2% | -90.6% |
| 2010 | 0.3% | +26.6% |
| 2011 | -0.1% | -149.8% |
| 2012 | -0.2% | +39.0% |
| 2013 | 0.4% | -315.9% |
| 2014 | -0.2% | -150.4% |
| 2015 | 0.6% | -350.3% |
| 2016 | 0.4% | -32.6% |
| 2017 | 1.3% | +238.0% |
| 2018 | 1.2% | -5.6% |
| 2019 | 1.4% | +20.3% |
| 2020 | 1.1% | -20.6% |
| 2021 | 2.6% | +125.4% |
| 2022 | 4.7% | +83.6% |
| 2023 | 6.2% | +33.1% |
| 2024 | 2.9% | -53.7% |
| 2025 | 2.9% | +0.8% |
Spain compared with similar countries
- Spain's 2.9% is above the median for high income countries, which is 2.6%, 1.1× the median. (82 countries reporting)
- Spain's 2.9% is below the median for Europe & Central Asia, which is 3.5%, 84% of the median. (56 countries reporting)
Biggest year-on-year movements
Years where Inflation, GDP deflator 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 |
|---|---|---|---|
| 2015 | +350.3% | -0.2% | 0.6% |
| 2013 | +315.9% | -0.2% | 0.4% |
| 2017 | +238.0% | 0.4% | 1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.6% | 2.5% | 9.2% | 9 |
| 1970s | 14.4% | 5.9% | 23.4% | 10 |
| 1980s | 10.0% | 5.9% | 13.6% | 10 |
| 1990s | 4.6% | 2.5% | 7.3% | 10 |
| 2000s | 3.4% | 0.2% | 4.2% | 10 |
| 2010s | 0.5% | -0.2% | 1.4% | 10 |
| 2020s | 3.4% | 1.1% | 6.2% | 6 |
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 inflation, gdp deflator in Spain?
- Inflation, gdp deflator in Spain was 2.9% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Spain?
- The highest recorded value was 23.4% in 1977.
- What is the lowest inflation, gdp deflator recorded in Spain?
- The lowest recorded value was -0.2% in 2014.
- How does Spain rank for inflation, gdp deflator?
- Spain ranks 123rd out of 214 countries with data for 2025.
- Is inflation, gdp deflator rising or falling in Spain?
- Over the last ten years it is up 427.6%. The long-run trend across the full record is volatile.
- Where does this Spain data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.