Spain recorded a Government Budget deficit equal to 3.20 percent of the country's Gross Domestic Product in 2024. Government Budget in Spain averaged -4.15 percent of GDP from 1995 until 2024, reaching an all time high of 2.10 percent of GDP in 2006 and a record low of -11.60 percent of GDP in 2012. source: Bank of Spain
Government Budget in Spain is expected to reach -2.50 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Government Budget is projected to trend around -2.10 percent of GDP in 2026 and -2.00 percent of GDP in 2027, according to our econometric models.