Global news and insight for corporate financial professionals
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Spain economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Spain best banks and safest banks are also available.
COUNTRY REPORT
Although the hardships are far from over, the Spanish economy and banking system may finally be on the mend, with three components interrelating in a virtuous cycle: rebounding exports, rising consumer confidence, and a commitment to reform geared toward economic adjustments.
USD 70.7 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
USD 1,425.9 billion (2018, estimate)
Intl$ 1,864.4 billion (2018, estimate)
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
| 3.8% | 1.1% | -3.6% | 0% | -1% | -2.9% | -1.7% |
| 2014 | 2015 | 2016 | 2017 | 2018* | ||
| 1.4% | 3.7% | 3.2% | 3% | 2.5% |
*Estimate
USD 30,697.3 (2018, estimate)
| 1980 | 1990 | 2000 | 2010 | 2019* |
| 2.28% | 2.22% | 1.98% | 1.66% | 1.4% |
*Estimate
(2018 estimate)
1.2% (2017)
OECD, data retrieved October 2019
| 2015 | 2016 | 2017 | 2018* | 2019* |
| -0.5% | -0.2% | 2% | 1.7% | 0.7% |
*Estimate
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 22.1% | 19.6% | 17.2% | 15.3% | 13.9% |
*Estimate
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 99.3% | 99% | 98.1% | 97.1% | 96.4% |
*Estimate
| 2015 | 2016 | 2017 | 2018* | 2019* |
| -5.3% | -4.5% | -3.1% | -2.5% | -2.2% |
*Estimate
Standard & Poor's: A
Moody's: Baa1
Standard & Poor's / Moody's
| 2016 | 2017 | 2018 |
| USD 704.6 billion | USD 888.8 billion | USD 723.7 billion |
Bankinter, Grifols, Ferrovial, Red Eléctrica, Merlin Properties SOCIMI S.A, Acciona, Unicaja Banco, Liberbank, Santander, BBVA-Banco Bilbao Vizcaya, Telefónica, Iberdrola, Repsol, Inditex, CaixaBank, Grupo ACS, Mapfre, Naturgy Energy Group, Aena, Bankia, Amadeus IT Group, Banco de Sabadell
0.9 % (2018 estimate)
34.3% (2018)
1.77% (2018)
2.58% (2018)
Machinery, motor vehicles; foodstuffs, pharmaceuticals, medicines, other consumer goods
Machinery and equipment, fuels, chemicals, semi-finished goods, foodstuffs, consumer goods, measuring and medical control instruments
France 15.1%, Germany 11.3%, Italy 7.8%, Portugal 7.1%, UK 6.9%, US 4.4% (2017)
Germany 14.2%, France 11.9%, China 6.9%, Italy 6.8%, Netherlands 5.1%, UK 4% (2017)
| 2016 | 2017 | 2018 |
| USD 27,658 million | USD 20,918 million | USD 43,591 million |
| 2016 | 2017 | 2018 |
| USD 43,620 million | USD 39,964 million | USD 31,620 million |
| 2015 | 2016 | 2017 | 2018 |
| USD 17,255 million | USD 3,254 million | USD 4,770 million | USD 67 million |
Vodafone Holdings Europe SLU, Grupo Corporativo ONO SA, Spain, USD 10.0 billion / Banco Santander SA, Banco Santander(Brasil)SA, Brazil, USD 3.3 billion
(for a monthly update on M&A; click here )
Repsol SA, Talisman Energy Inc, Canada, USD 8.3 billion
(for a monthly update on M&A; click here )
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking:
30 out of 190 countries
Subcategories:
Starting a Business: 97 out of 190 countries
Dealing with Construction Permits: 79 out of 190 countries
Getting Electricity: 55 out of 190 countries
Registering Property: 59 out of 190 countries
Getting Credit: 80 out of 190 countries
Protecting Minority Investors: 28 out of 190 countries
Paying Taxes: 35 out of 190 countries
Trading across Borders: 1 out of 190 countries
Enforcing Contracts: 26 out of 190 countries
Resolving Insolvency: 18 out of 190 countries
23 out of 141 countries
(2019)
Ranking: 57 / Score: 65.7 (Moderately free)
(100=totally free 0=totally repressed )
Castilian Spanish (official nationwide) 74%, Catalan (official in Catalonia, the Balearic Islands, and the Valencian Community (where it is known as Valencian)) 17%, Galician (official in Galicia) 7%, Basque (official in the Basque Country and in the BasqNote: Aragonese, Aranese Asturian, Basque, Calo, Catalan, Galician, and Valencian are recognized as regional languages under the European Charter for Regional or Minority Languages
Roman Catholic 68.9%, atheist 11.3%, agnostic 7.6%, other 2.8%, non-believer 8.2%, unspecified 1.1% (2019 est.)
| 1990 | 2000 | 2010 | 2015 | 2020* |
| 39.12 million | 40.55 million | 46.56 million | 46.41 million | 46.87 million |
*Estimate
| 1960 | 1980 | 2000 | 2018 |
| 56.6% | 72.8% | 76.3% | 80.3% |
Total population: 98.3%
Male: 98.8%
Female: 97.7%
Definition: age 15 and over can read and write (2016 est.)
1.5% (last available estimate, 2015)
36.2 (last available estimate, 2015)
(0=perfect equality, 100=absolute inequality)
Free
Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)
Fixed: 42.1% Mobile: 115.9% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)