Name: Spain Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

Spain’s economy grew by 2.8% in 2025, after a 3.5% expansion in 2024, preliminary estimates showed. Growth has been supported by a booming tourism sector, favourable energy conditions and strong household spending, with domestic consumption once again playing a central role in driving growth. source: National Statistics Institute (INE)

Full Year GDP Growth in Spain averaged 2.10 percent from 1996 until 2025, reaching an all time high of 6.70 percent in 2021 and a record low of -10.90 percent in 2020. This page includes a chart with historical data for Spain Full Year GDP Growth. Spain Full Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

Full Year GDP Growth in Spain is expected to reach 2.20 percent by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Full Year GDP Growth is projected to trend around 2.00 percent in 2027, according to our econometric models.

Related	Last	Previous	Unit	Reference
Full Year GDP Growth	2.80	3.50	percent	Dec 2025
GDP	1722.75	1620.09	USD Billion	Dec 2024
GDP Growth Rate YoY	2.60	2.70	percent	Dec 2025
GDP Current Prices	434595.00	422344.00	EUR Million	Dec 2025
GDP from Agriculture	11579.00	11359.00	EUR Million	Dec 2025
GDP from Construction	23468.00	22893.00	EUR Million	Dec 2025
GDP from Manufacturing	45427.00	44781.00	EUR Million	Dec 2025
GDP from Public Administration	69543.00	65286.00	EUR Million	Dec 2025
GDP from Services	297432.00	288931.00	EUR Million	Dec 2025
GDP from Transport	96356.00	94467.00	EUR Million	Dec 2025
GDP Growth Rate	0.80	0.60	percent	Dec 2025
Gross Fixed Capital Formation	90428.00	88241.00	EUR Million	Dec 2025

Spain Full Year GDP Growth

On the expenditure side, household consumption is the main component of Spain's GDP (58 percent), followed by gross fixed capital formation (21 percent) and government expenditure (18 percent). Within investments, tangible fixed assets account for 18 percent of GDP, including construction (10 percent) and machinery, equipment and weapon system (7 percent); and intellectual property products account for the remaining 3 percent. Exports of goods and services account for 34 percent of GDP while imports account for 31 percent, adding 3 percent of total GDP.