Includes Spain real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
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.
Large Economy Hampered By Political Polarization
As the fourth-largest economy in the eurozone, Spain’s strength is underpinned by a variety of sectors including manufacturing, financial services, chemicals and pharmaceuticals, as well as clothing and apparel, and tourism. Spain’s excellent infrastructure, well-educated workforce, large domestic market and access to the European Common Market make it an attractive destination for foreign investment. Yet, Spain grapples with challenges that include high fiscal deficits and public debt, restrictive labor regulations, and an aging population. The political landscape is also highly polarized, hindering the country’s economic growth potential.
Spain GDP & Economic Overview
Key Facts
Total Area | 505,370 sq km |
---|---|
Type of Government | Constitutional monarchy |
Capital City | Madrid |
Total Population | 47.799 million |
Median Age | 44.8 |
Total GDP | USD 1,492,430 millions |
Adult Per Capita Income (PPP) | USD 49,571.05 |
Spain
Trade & Finance
International Trade
Total Exports | USD 468,898 million |
---|---|
Major Exports |
Cars and vehicle parts Refined petroleum Packaged medicines Delivery trucks Clothing and apparel |
Major Trade Partners – Export |
Germany Portugal France United Kingdom Italy |
Total Imports | USD 411,961 million |
Major Imports |
Cars and vehicle parts Natural gas Refined petroleum Crude petroleum Natural gas Computers |
Major Trade Partners – Imports |
Germany China France Italy |
Inbound and Outbound Investment
Data Shows Spain’s Debt Load To Be Among
Europe’s Heaviest
The chart at left compares Spain’s debt-to-GDP ratio to the regional average. It illustrates how the country has stuggled at keeping its debt burden in line with its national productive capacity.
Spain's Leading Companies
Banking | Santander |
---|---|
Electric utility | Iberdrola |
Banking | BBVA-Banco Bilbao |
Financial services | Vizcaya |
Clothing | Inditex |
Telecom | Telefónica |
Global Finance Rankings & Awards: Spain
Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.
Data Sources:
IMF World Economic Outlook
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000