Spain's economy expanded by 5.1 percent in 2021 after a historic 10.8 percent slump the previous year, marking the fastest growth since 2000 but undershooting the government's 6.5 percent target. source: National Statistics Institute (INE)

Full Year GDP Growth in Spain averaged 1.79 percent from 1996 until 2021, reaching an all time high of 5.20 percent in 2000 and a record low of -10.80 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 2022.

Full Year GDP Growth in Spain is expected to reach 3.50 percent by the end of 2022, 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 2.00 percent in 2023 and 2.50 percent in 2024, according to our econometric models.

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Spain Full Year GDP Growth



Related Last Previous Unit Reference
GDP Growth Rate 1.10 0.20 percent Jun 2022
GDP Annual Growth Rate 6.30 6.30 percent Jun 2022
GDP 1425.28 1281.48 USD Billion Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
5.10 -10.80 5.20 -10.80 1996 - 2021 percent Yearly
NSA