[ Nominal GDP in billions of USD ]
Year -
$1,725.67 billions
Spain GDP expanded from 1960 to 2024, increasing from $12.42 billion to $1,725.67 billion.The compound annual growth rate (CAGR) averaged 8.01% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 26.56%, indicating the largest cyclical decline from peak levels. The country experienced 10 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 1,725.67 Billions | $ 2,831.54 Int Billions |
| Growth (YoY) | 6.557% | 5.169% |
| Net Change vs Previous Year | $ 106.19 Billion | $ 139.16 Int Billion |
| % of World GDP | 1.55% | 1.42% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 12.42 | - | - | - | - | - |
| 1961 | 14.24 | 1.81 | 14.597 % | - | - | - |
| 1962 | 16.61 | 2.37 | 16.656 % | - | - | - |
| 1963 | 19.63 | 3.02 | 18.195 % | - | - | - |
| 1964 | 21.97 | 2.34 | 11.895 % | - | - | - |
| 1965 | 25.48 | 3.51 | 15.991 % | - | - | - |
| 1966 | 29.56 | 4.08 | 16.012 % | - | - | - |
| 1967 | 32.57 | 3.01 | 10.188 % | - | - | - |
| 1968 | 32.39 | -0.18 | -0.542 % | - | - | - |
| 1969 | 37.09 | 4.7 | 14.497 % | - | - | - |
| 1970 | 40.96 | 3.87 | 10.442 % | - | - | - |
| 1971 | 46.59 | 5.62 | 13.725 % | - | - | - |
| 1972 | 59.09 | 12.5 | 26.841 % | - | - | - |
| 1973 | 78.58 | 19.49 | 32.989 % | - | - | - |
| 1974 | 97.2 | 18.62 | 23.696 % | - | - | - |
| 1975 | 114.7 | 17.49 | 17.994 % | - | - | - |
| 1976 | 118.42 | 3.73 | 3.25 % | - | - | - |
| 1977 | 132.35 | 13.93 | 11.765 % | - | - | - |
| 1978 | 160.48 | 28.13 | 21.254 % | - | - | - |
| 1979 | 214.45 | 53.96 | 33.625 % | - | - | - |
| 1980 | 232.6 | 18.15 | 8.464 % | - | - | - |
| 1981 | 202.66 | -29.94 | -12.871 % | - | - | - |
| 1982 | 195.86 | -6.81 | -3.358 % | - | - | - |
| 1983 | 170.83 | -25.03 | -12.779 % | - | - | - |
| 1984 | 171.98 | 1.15 | 0.674 % | - | - | - |
| 1985 | 180.66 | 8.68 | 5.05 % | - | - | - |
| 1986 | 251.14 | 70.48 | 39.01 % | - | - | - |
| 1987 | 318.52 | 67.38 | 26.829 % | - | - | - |
| 1988 | 375.89 | 57.37 | 18.012 % | - | - | - |
| 1989 | 414.46 | 38.57 | 10.261 % | - | - | - |
| 1990 | 536.18 | 121.71 | 29.367 % | 531.53 | - | - |
| 1991 | 576.75 | 40.58 | 7.568 % | 563.5 | 31.97 | 6.014 % |
| 1992 | 630.47 | 53.71 | 9.313 % | 581.7 | 18.2 | 3.229 % |
| 1993 | 524.7 | -105.76 | -16.776 % | 589.34 | 7.65 | 1.314 % |
| 1994 | 530.18 | 5.48 | 1.045 % | 616.27 | 26.93 | 4.569 % |
| 1995 | 614.17 | 83.99 | 15.841 % | 646.54 | 30.27 | 4.912 % |
| 1996 | 642.25 | 28.08 | 4.572 % | 676.98 | 30.44 | 4.708 % |
| 1997 | 589.74 | -52.51 | -8.176 % | 717.16 | 40.18 | 5.936 % |
| 1998 | 618.73 | 28.99 | 4.916 % | 767.58 | 50.42 | 7.03 % |
| 1999 | 634.39 | 15.66 | 2.532 % | 805.24 | 37.66 | 4.907 % |
| 2000 | 598.1 | -36.29 | -5.721 % | 875.54 | 70.3 | 8.731 % |
| 2001 | 627.8 | 29.7 | 4.965 % | 937.61 | 62.07 | 7.089 % |
| 2002 | 708.94 | 81.14 | 12.924 % | 1010.01 | 72.4 | 7.722 % |
| 2003 | 907.96 | 199.02 | 28.074 % | 1057.11 | 47.1 | 4.663 % |
| 2004 | 1069.83 | 161.87 | 17.827 % | 1122.83 | 65.72 | 6.217 % |
| 2005 | 1154.67 | 84.84 | 7.93 % | 1206.12 | 83.3 | 7.418 % |
| 2006 | 1261.85 | 107.18 | 9.282 % | 1365.16 | 159.04 | 13.186 % |
| 2007 | 1476.75 | 214.9 | 17.031 % | 1471.51 | 106.35 | 7.79 % |
| 2008 | 1636.12 | 159.37 | 10.792 % | 1532.57 | 61.06 | 4.149 % |
| 2009 | 1496.59 | -139.53 | -8.528 % | 1493.73 | -38.83 | -2.534 % |
| 2010 | 1427.99 | -68.6 | -4.584 % | 1481.36 | -12.37 | -0.828 % |
| 2011 | 1487.57 | 59.58 | 4.172 % | 1496.49 | 15.13 | 1.021 % |
| 2012 | 1330.99 | -156.57 | -10.525 % | 1490.65 | -5.85 | -0.391 % |
| 2013 | 1362.19 | 31.19 | 2.344 % | 1519.93 | 29.29 | 1.965 % |
| 2014 | 1380.24 | 18.06 | 1.326 % | 1568.56 | 48.62 | 3.199 % |
| 2015 | 1206.16 | -174.08 | -12.612 % | 1635.39 | 66.84 | 4.261 % |
| 2016 | 1243.02 | 36.85 | 3.055 % | 1747.42 | 112.02 | 6.85 % |
| 2017 | 1321.75 | 78.74 | 6.334 % | 1854.71 | 107.29 | 6.14 % |
| 2018 | 1431.64 | 109.89 | 8.314 % | 1918.77 | 64.06 | 3.454 % |
| 2019 | 1403.5 | -28.15 | -1.966 % | 2075.23 | 156.46 | 8.154 % |
| 2020 | 1289.78 | -113.71 | -8.102 % | 1862.54 | -212.68 | -10.249 % |
| 2021 | 1461.24 | 171.46 | 13.294 % | 2099.47 | 236.92 | 12.72 % |
| 2022 | 1448.85 | -12.39 | -0.848 % | 2456.15 | 356.69 | 16.989 % |
| 2023 | 1619.48 | 170.63 | 11.777 % | 2692.38 | 236.22 | 9.618 % |
| 2024 | 1725.67 | 106.19 | 6.557 % | 2831.54 | 139.16 | 5.169 % |
Between 1960 to 2024, Spain experienced the following economic phases:
The most remarkable growth occurred in 1986 with an increase of 39.01%, while the largest decline was in 1993 at -16.776%.