Source: world bank Nominal/PPP
Summary:
Spain GDP Per Capita expanded from 1960 to 2009, increasing from $407.96 to $32,279.82 .The compound annual growth rate (CAGR) averaged 9.33% over the period. The economy recorded its peak level in 2008 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 27.87%, indicating the largest cyclical decline from peak levels. The country experienced 6 recession episode(s) during the observed period.
Spain Economic Phases (1960 - 2009)
From 1960 to 2009, Spain economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1961–1967) indicating robust economic expansion
- High Growth (1969–1975) indicating robust economic expansion
- High Growth (1977–1980) indicating robust economic expansion
- Expansion (1984–1985) indicating steady moderate growth
- High Growth (1986–1992) indicating robust economic expansion
- Expansion (1998–1999) indicating steady moderate growth
- High Growth (2002–2008) indicating robust economic expansion
- Contraction (2009–2009) indicating temporary slowdown
The most remarkable growth occurred in 1986 with an increase of 38.595%, while the largest decline was in 1993 at -17.206%.