Browse a full set of economic indicators


Includes historical data for Spain’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

Large Economy With A Well-Educated Workforce

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.

Macroeconomy & Sovereign Data

Type of Government Constitutional monarchy
Capital Madrid
Sovereign Ratings S&P: A
Moody’s: Baa1
Fitch: A–
Total Population 48.4 million
Median Age 45.3
Adult Per Capita Income (PPP) 48,669
Total GDP (2023) 1.6 trillion

Spain GDP & Economic Overview

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Banking & Finance

Trade & Investment

Total Exports USD 465.1 billion (2022)
Leading Exports Cars And Vehicle Parts
Refined Petroleum
Packaged Medicines
Delivery Trucks
Clothing And Apparel
Total Imports USD 412 billion (2022)
Leading Imports Crude Petroleum
Cars And Vehicle Parts
Packaged Medicines
Natural Gas
Refined Petroleum
Source: World Integrated Trade Solution

Spain Leading Companies

Santander Financials
BBVA-Banco Bilbao Vizcaya Financials
CaixaBank Financials
Iberdrola Electric Utilities
Repsol Integrated Oil & Gas
Inditex Consumer Discretionary, Apparel Retail
Telefónica Communication Services

Major Trade Partners — Import

Germany 11%
China 10%
France 10%
Italy 6%
Unspecified 6%

Major Trade Partners — Export

France 15%
Germany 10%
Italy 8%
Portugal 8%
United Kingdom 6%

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


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