Spain's GDP changed from approximately $230B 759M in 1980 to $1T 647B in 2024, showing an overall 613.8% sharply increased during the period.
The lowest GDP was recorded in 1984 at $172B 381M, and the highest in 2024 at $1T 647B.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.6%.
For comparison, the average annual growth rate of France was 3.5%, and that of Portugal was 5.2%.
Overview of Spain's GDP (1980–2024)
The Gross Domestic Product (GDP) of Spain recorded a 613.8% sharply increased from 1980 to 2024.
The average GDP during this period was $893B 883M, and the median was $708B 256M.
GDP fluctuated within a range of $1T 474B, with a standard deviation of $493B 786M.
The average annual change was $35B 332M.
Spain GDP from 1980 to 2024
The total market value of goods and services produced annually in Spain.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
Highest and Lowest GDP Records
- Lowest GDP: 1984, $172B 381M
- Highest GDP: 2024, $1T 647B
- Most Recent GDP: 2024, $1T 647B
Notable Annual GDP Changes
- 2007: Significant increase in GDP
- 2015: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Spain's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $1T 394B → $1T 277B
- Outcome: declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $1T 474B → $1T 489B
- Outcome: increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $598B 628M → $627B 834M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $589B 376M → $618B 414M
- Outcome: increased
Key Economic Indicators of Spain (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 230B 759M | $ 6,128.02 | $ 7,819.35 | $ 294B 449M | 1.203 % | -2.297 % | 19.86 % | -2.078 % | 37M 656K people |
1981 | $ 204B 588M | $ 5,381.91 | $ 8,444.07 | $ 320B 992M | -0.408 % | -2.499 % | 19.19 % | -2.46 % | 38M 14K people |
1982 | $ 197B 643M | $ 5,171.53 | $ 9,028.58 | $ 345B 49M | 1.239 % | -2.38 % | 19.11 % | -5.665 % | 38M 217K people |
1983 | $ 172B 856M | $ 4,501.84 | $ 9,492.63 | $ 364B 486M | 1.652 % | -1.42 % | 19.43 % | -4.608 % | 38M 397K people |
1984 | $ 172B 381M | $ 4,471.65 | $ 9,962.53 | $ 384B 54M | 1.698 % | 1.21 % | 20.46 % | -4.649 % | 38M 550K people |
1985 | $ 181B 620M | $ 4,694.76 | $ 10,483.33 | $ 405B 556M | 2.362 % | 1.149 % | 20.85 % | -4.82 % | 38M 686K people |
1986 | $ 251B 304M | $ 6,477.30 | $ 11,029.53 | $ 427B 919M | 3.432 % | 1.463 % | 21.77 % | -3.373 % | 38M 798K people |
1987 | $ 318B 389M | $ 8,187.29 | $ 11,920.28 | $ 463B 559M | 5.709 % | -0.012 % | 21.52 % | -1.01 % | 38M 888K people |
1988 | $ 374B 68M | $ 9,598.67 | $ 12,965.27 | $ 505B 267M | 5.285 % | -0.985 % | 22.38 % | -0.862 % | 38M 971K people |
1989 | $ 412B 590M | $ 10,566.13 | $ 14,119.80 | $ 551B 355M | 5.004 % | -2.789 % | 21.90 % | -0.35 % | 39M 48K people |
1990 | $ 535B 652M | $ 13,693.64 | $ 15,185.05 | $ 593B 992M | 3.847 % | -3.37 % | 21.55 % | -1.111 % | 39M 117K people |
1991 | $ 576B 446M | $ 14,697.50 | $ 16,052.54 | $ 629B 591M | 2.525 % | -3.479 % | 20.72 % | -1.6 % | 39M 221K people |
1992 | $ 630B 122M | $ 16,013.16 | $ 16,503.49 | $ 649B 417M | 0.851 % | -3.4 % | 18.88 % | -0.686 % | 39M 350K people |
1993 | $ 529B 318M | $ 13,409.70 | $ 16,620.94 | $ 656B 75M | -1.314 % | -1.985 % | 19.29 % | -2.622 % | 39M 473K people |
1994 | $ 531B 136M | $ 13,419.62 | $ 17,325.52 | $ 685B 729M | 2.335 % | -2.164 % | 19.05 % | -2.35 % | 39M 579K people |
1995 | $ 613B 946M | $ 15,475.61 | $ 18,374.84 | $ 728B 964M | 4.122 % | -1.251 % | 21 % | -2.453 % | 39M 672K people |
1996 | $ 640B 26M | $ 16,095.75 | $ 19,120.07 | $ 760B 284M | 2.421 % | -0.859 % | 20.89 % | -1.395 % | 39M 764K people |
1997 | $ 589B 376M | $ 14,782.95 | $ 20,148.39 | $ 803B 289M | 3.865 % | -0.727 % | 21.38 % | 0.223 % | 39M 869K people |
1998 | $ 618B 414M | $ 15,457.11 | $ 21,211.03 | $ 848B 619M | 4.469 % | -1.685 % | 21.67 % | 1.04 % | 40M 8K people |
1999 | $ 635B 968M | $ 15,814.19 | $ 22,416.17 | $ 901B 466M | 4.745 % | -3.237 % | 21.59 % | 1.904 % | 40M 215K people |
