{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"es-gdp-growth-rate","url":"https://apiardata.com/statistics/es-gdp-growth-rate","html_url":"https://apiardata.com/statistics/es-gdp-growth-rate/","title":"Spain GDP Growth Rate (2025)","description":"Spain's GDP Growth Rate: 2.8 % change on previous year in 2025, -0.7pp YoY. Eurostat (NAMA_10_GDP), 2000–2025.","domain":"macro","category":"Economy & Macro","keywords":["Macroeconomics","Eurostat","European Union","2025"],"publisher":"Eurostat","frequency":"Annual","geography":"Spain","temporal_coverage":"2000/2025","unit":"% change on previous year","last_updated":"2026-04-14","last_updated_text":"14 April 2026","data_as_of":"2025","variable_measured":"Spain GDP Growth Rate","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"Eurostat","url":"https://ec.europa.eu/eurostat/databrowser/view/NAMA_10_GDP/default/table"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"2000–2025"},{"label":"Observations","value":"26"},{"label":"Geography","value":"Spain"},{"label":"Last updated","value":"14 April 2026"}],"kpis":[{"label":"Spain (2025)","value":"2.8","unit":"% change on previous year","trend":{"direction":"down","value":"-0.7pp YoY"}},{"label":"YoY Change","value":"-0.7pp","unit":"percentage points"},{"label":"Trend","value":"down","unit":""},{"label":"Series length","value":"26","unit":"years of data"}],"series":[{"key":"value","label":"Spain GDP Growth Rate"}],"observation_count":26,"observations":[{"period":"2000","value":5.2},{"period":"2001","value":3.9},{"period":"2002","value":2.8},{"period":"2003","value":2.9},{"period":"2004","value":3.1},{"period":"2005","value":3.6},{"period":"2006","value":4},{"period":"2007","value":3.5},{"period":"2008","value":0.8},{"period":"2009","value":-3.8},{"period":"2010","value":0.1},{"period":"2011","value":-0.6},{"period":"2012","value":-2.9},{"period":"2013","value":-1.4},{"period":"2014","value":1.5},{"period":"2015","value":4.1},{"period":"2016","value":2.9},{"period":"2017","value":2.9},{"period":"2018","value":2.4},{"period":"2019","value":2},{"period":"2020","value":-10.9},{"period":"2021","value":6.7},{"period":"2022","value":6.4},{"period":"2023","value":2.5},{"period":"2024","value":3.5},{"period":"2025","value":2.8}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% change on previous year"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2025","value":"2.8","yoyChange":"-0.7pp"},{"year":"2024","value":"3.5","yoyChange":"+1.0pp"},{"year":"2023","value":"2.5","yoyChange":"-3.9pp"},{"year":"2022","value":"6.4","yoyChange":"-0.3pp"},{"year":"2021","value":"6.7","yoyChange":"+17.6pp"},{"year":"2020","value":"-10.9","yoyChange":"-12.9pp"},{"year":"2019","value":"2.0","yoyChange":"-0.4pp"},{"year":"2018","value":"2.4","yoyChange":"-0.5pp"},{"year":"2017","value":"2.9","yoyChange":"unchanged"},{"year":"2016","value":"2.9","yoyChange":"-1.2pp"},{"year":"2015","value":"4.1","yoyChange":"+2.6pp"},{"year":"2014","value":"1.5","yoyChange":"+2.9pp"},{"year":"2013","value":"-1.4","yoyChange":"+1.5pp"},{"year":"2012","value":"-2.9","yoyChange":"-2.3pp"},{"year":"2011","value":"-0.6","yoyChange":"-0.7pp"},{"year":"2010","value":"0.1","yoyChange":"+3.9pp"},{"year":"2009","value":"-3.8","yoyChange":"-4.6pp"},{"year":"2008","value":"0.8","yoyChange":"-2.7pp"},{"year":"2007","value":"3.5","yoyChange":"-0.5pp"},{"year":"2006","value":"4.0","yoyChange":"+0.4pp"}]},"qa":[{"question":"What does the Spain GDP growth rate measure?","answer":"This series measures the annual change in Spain's gross domestic product at market prices in real terms — the percentage change in inflation-adjusted economic output compared with the prior calendar year. Eurostat compiles it from the European System of Accounts (ESA 2010) national accounts (dataset NAMA_10_GDP), drawing on data from Spain's INE (Instituto Nacional de Estadística). The series covers the entire Spanish economy across all sectors."},{"question":"Why has Spain outperformed Germany, France, and Italy in GDP growth since 2022?","answer":"Spain's 2.8% growth in 2025 outpaces Germany (0.2%), Italy (0.5%), and France (0.8%) for the third or fourth consecutive year — a striking inversion of the traditional northern European growth advantage. The primary drivers are structural rather than cyclical: Spain's economy is more service-oriented than Germany's, insulating it from the manufacturing and export headwinds driven by weak Chinese demand and energy cost shocks. Tourism is a particularly important factor — Spain is the world's second-most-visited country (behind France), and tourism contributes approximately 12% of GDP; the post-COVID global travel surge has been extraordinarily strong. Spain has also benefited from rapid renewable energy expansion (wind and solar now contribute around 50% of electricity generation), reducing energy import costs relative to the 2022 crisis. EU recovery funds (PRTR — Plan de Recuperación, Transformación y Resiliencia, Spain's implementation of NextGenerationEU) have financed significant public investment in green infrastructure and digitalisation."},{"question":"Is Spain's growth sustainable, and what are the key risks?","answer":"Spain's 2.8% growth in 2025 is above the OECD estimate of Spain's potential growth rate, implying a positive output gap and some risk of overheating. The primary risks to the growth trajectory are: a tourism demand shock (a severe global recession or a geopolitical disruption to European travel patterns could disproportionately affect Spain); a housing affordability crisis in major cities (Madrid, Barcelona, Valencia) where rents have risen sharply, creating social tension and potentially constraining labour supply as workers cannot afford to live where jobs are; and the eventual PRTR fund cliff, as recovery fund disbursements are time-limited and will leave a fiscal gap. Spain's public deficit, while improving, remains above 3% of GDP. On the positive side, Spain's renewable energy expansion reduces external energy dependency structurally, supporting medium-term growth."},{"question":"How does Spain's GDP growth compare across its post-2000 cycle?","answer":"Spain's series trough of -10.9% in 2020 was the deepest among major EU economies — reflecting Spain's disproportionate exposure to the COVID shock through its large tourism and hospitality sectors (both heavily contact-intensive). The subsequent rebound of 6.7% in 2021 was similarly outsized. The series prior peak was approximately 4.5% in 2007, during the pre-crisis construction bubble. Spain's pre-crisis growth was heavily construction-dependent — the opposite of the services-led expansion since 2020, which is more structurally sustainable. At 2.8% in 2025, Spain's growth is above its long-term potential and remains the strongest sustained performance among major euro-area economies."}]}