Spain GDP Growth Rate (2026)
Spain has a diversified European economy supported by services, tourism, consumer spending, manufacturing, and investment. This page examines its current GDP growth trend, historical performance, regional comparison, and future outlook.
GDP Growth Rate 2026
+2.1%
Annual real GDP growth
World Rank
#138
Out of 195 countries
Change vs 2025
-0.7 pp
2025: +2.8%
Europe Rank
#16
Out of 43 countries
1. Spain GDP Growth Rate in 2026
Spanish economic growth is supported by tourism, household consumption, services, investment, and employment. European funding, population trends, inflation, and demand from major trading partners also influence economic momentum.
2. Spain GDP Growth Rate Trends (1980–2026)
Spain’s growth history includes periods of rapid expansion, financial stress, recovery, and renewed economic development. Tourism, construction, services, exports, employment, and investment have been important drivers over time.
3. Spain GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +2.1% | -0.7 pp |
| 2025 | +2.8% | -0.7 pp |
| 2024 | +3.5% | +1.0 pp |
| 2023 | +2.5% | -3.9 pp |
| 2022 | +6.4% | -0.3 pp |
| 2021 | +6.7% | +17.6 pp |
| 2020 | -10.9% | -12.9 pp |
| 2019 | +2.0% | -0.4 pp |
| 2018 | +2.4% | -0.5 pp |
| 2017 | +2.9% | 0.0 pp |
| 2016 | +2.9% | -1.2 pp |
| 2015 | +4.1% | +2.6 pp |
| 2014 | +1.5% | +2.9 pp |
| 2013 | -1.4% | +1.5 pp |
| 2012 | -2.9% | -2.3 pp |
| 2011 | -0.6% | -0.7 pp |
| 2010 | +0.1% | +3.9 pp |
| 2009 | -3.8% | -4.6 pp |
| 2008 | +0.8% | -2.7 pp |
| 2007 | +3.5% | -0.5 pp |
| 2006 | +4.0% | +0.4 pp |
| 2005 | +3.6% | +0.5 pp |
| 2004 | +3.1% | +0.2 pp |
| 2003 | +2.9% | +0.1 pp |
| 2002 | +2.8% | -1.1 pp |
| 2001 | +3.9% | -1.2 pp |
| 2000 | +5.1% | +0.4 pp |
| 1999 | +4.7% | +0.2 pp |
| 1998 | +4.5% | +0.6 pp |
| 1997 | +3.9% | +1.5 pp |
| 1996 | +2.4% | -1.7 pp |
| 1995 | +4.1% | +1.8 pp |
| 1994 | +2.3% | +3.6 pp |
| 1993 | -1.3% | -2.2 pp |
| 1992 | +0.9% | -1.6 pp |
| 1991 | +2.5% | -1.3 pp |
| 1990 | +3.8% | -1.2 pp |
| 1989 | +5.0% | -0.3 pp |
| 1988 | +5.3% | -0.4 pp |
| 1987 | +5.7% | +2.3 pp |
| 1986 | +3.4% | +1.0 pp |
| 1985 | +2.4% | +0.7 pp |
| 1984 | +1.7% | 0.0 pp |
| 1983 | +1.7% | +0.5 pp |
| 1982 | +1.2% | +1.6 pp |
| 1981 | -0.4% | -1.6 pp |
| 1980 | +1.2% | — |
4. Spain GDP Growth Performance
Current Growth Rate
+2.1%
(2026 to 2026)
5-Year Average
+3.5%
(2022 to 2026)
10-Year Average
+2.0%
(2017 to 2026)
20-Year Average
+1.2%
(2007 to 2026)
Spain has shown relatively strong momentum within Europe, supported by tourism, services, employment growth, and investment. Improving household demand and European development funding also contribute to economic resilience.
5. Spain GDP Growth Rate vs Europe and World
Spain
+2.1%
Europe Average
+1.9%
World Average
+2.8%
0.0%
1.4%
2.8%
Annual real GDP growth (%)
Spain’s GDP growth rate is approximately
0.2 pp
above the
Europe average
and
0.7 pp
below the world average.
6. Spain GDP Growth Rate Ranking in Europe
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #12 | Czech Republic | +2.2% |
| #13 | Latvia | +2.2% |
| #14 | Bosnia and Herzegovina | +2.2% |
| #15 | Andorra | +2.1% |
| #16 | Spain | +2.1% |
| #17 | Denmark | +2.0% |
| #18 | Slovenia | +2.0% |
| #19 | Ukraine | +2.0% |
| #20 | Sweden | +2.0% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Spain
Spain GDP (Nominal)
$2.09 Trillion
(2026)
Spain GDP Growth Rate
+2.1%
(2026)
Spain can outperform several large euro-area economies when tourism, employment, and domestic demand are strong. Its service-oriented economy gives it a different growth profile from Europe’s more manufacturing-dependent countries.
Explore more:
Spain GDP
9. Spain GDP Growth Rate Forecast
Spain’s outlook remains supported by tourism, investment, household demand, renewable energy, and European funding. Productivity, housing pressures, fiscal challenges, and weaker external demand remain important risks to sustained growth.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +1.8% | -0.3 pp |
| 2028 | +1.8% | 0.0 pp |
| 2029 | +1.7% | -0.1 pp |
| 2030 | +1.7% | 0.0 pp |
10. Spain GDP Growth Rate: Key Findings
Spain GDP growth rate is estimated at +2.1% in 2026.
It ranks #138 globally and #16 in Europe by annual GDP growth rate.
The growth rate slowed by 0.7 percentage points compared with 2025.
The 5-year average GDP growth rate is +3.5%.
The 10-year average GDP growth rate is +2.0%.
The current rate is 0.2 percentage points above the Europe average.
The current rate is 0.7 percentage points below the world average.
The forecast GDP growth rate is +1.7% in 2030, 0.4 percentage points below the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
September 2026
13. Spain GDP Growth Rate FAQs
Spain GDP growth rate is estimated at +2.1% in 2026.
Spain ranks #138 globally and #16 in Europe by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +2.1% in 2026.
Spain GDP growth rate was +4.1% in 2015.
Spain GDP growth rate is 0.2 percentage points above the Europe average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.