Spain’s economy grew by 2.6% in 2025, moderating from a 3.7% expansion in 2024, according to revised data. Growth continued to be supported by a strong tourism sector, favorable energy conditions and resilient household spending, with domestic demand remaining a key driver of economic activity. Household consumption increased by 3.1%, while net trade was a drag on growth: exports rose 2.6%, down from 3.8% in 2024, while imports accelerated to 5.5%, compared with 3.3% the previous year. Government spending growth also slowed to 2.4%, from 3.3% in 2024. source: National Statistics Institute (INE)
Full Year GDP Growth in Spain averaged 2.09 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 September of 2026.
Full Year GDP Growth in Spain is expected to reach 2.60 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 2.20 percent in 2027 and 2.10 percent in 2028, according to our econometric models.