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 August 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.

Related	Last	Previous	Unit	Reference
Full Year GDP Growth	2.80	3.50	percent	Dec 2025
GDP	1906.45	1725.67	USD Billion	Dec 2025
GDP Growth Rate YoY	2.70	2.70	percent	Jun 2026
GDP Current Prices	441437.00	437424.00	EUR Million	Jun 2026
GDP from Agriculture	11774.00	11649.00	EUR Million	Jun 2026
GDP from Construction	23788.00	23543.00	EUR Million	Jun 2026
GDP from Manufacturing	47230.00	46121.00	EUR Million	Jun 2026
GDP from Public Administration	68665.00	67981.00	EUR Million	Jun 2026
GDP from Services	301559.00	300210.00	EUR Million	Jun 2026
GDP from Transport	99788.00	99108.00	EUR Million	Jun 2026
GDP Growth Rate	0.70	0.60	percent	Jun 2026
Gross Fixed Capital Formation	91386.00	90650.00	EUR Million	Jun 2026

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.