Spain: economy

How fast is Spain's economy growing?

Spain's GDP grew 0.7% in the second quarter of 2026 from the first and 2.6% from a year earlier, according to INE's quarterly national accounts of 25 September 2026. Domestic demand added 3.5 points to annual growth and external demand took off 0.9 points.

Household consumption rose 1.2% in the quarter and investment 1.7%. For the whole of 2025, INE's annual accounts put growth at 2.6%, revised down two tenths. Figures are seasonally and calendar adjusted and are revised as more data arrive.

Official sources: INE: quarterly national accounts, Q2 2026 · INE: annual national accounts 2025

Is Spanish industrial production growing?

Spain's industrial production was 1.5% higher in August 2026 than a year earlier, adjusted for seasonal and calendar effects, according to INE's industrial production index release. Compared with July, output fell 0.7%.

The annual rate was 1.0 point lower than in July. The unadjusted series rose 1.6% on the year. Monthly industrial figures can swing because of holidays and large orders, so the trend over several months gives a steadier picture.

Official sources: INE: industrial production index, August 2026

Are Spanish retail sales growing?

Spanish retail sales at constant prices were 0.4% lower in August 2026 than a year earlier, adjusted for seasonal and calendar effects, according to INE's retail trade index release. Compared with July, sales rose 0.3%.

Constant prices remove the effect of inflation, so the index measures the volume of goods sold. Employment in retail was 0.1% lower than a year earlier. The unadjusted series fell 1.1%.

Official sources: INE: retail trade index, August 2026

How many tourists visit Spain?

Spain received 12.3 million international tourists in August 2026, 9.2% more than in August 2025, according to INE's FRONTUR border tourism statistics. In the first eight months of 2026 there were almost 70.4 million, up 5.4%.

FRONTUR counts non-resident visitors who stay at least one night. Tourism spending is measured separately in INE's EGATUR survey. Monthly figures follow strong seasonal patterns, so compare the same month across years.

Official sources: INE: FRONTUR, August 2026

How much do Spanish households save?

Spanish households saved 18.7% of their gross disposable income in the second quarter of 2026, down from 19.9% a year earlier, according to INE's quarterly sector accounts of 30 September 2026.

The saving rate is the share of income not spent on consumption. Quarterly rates are not seasonally adjusted, so compare them with the same quarter of the previous year. The Bank of Spain reports that household debt fell to 41.9% of GDP in the same quarter, the lowest since 1999, in its financial accounts note.

Official sources: INE: quarterly non-financial sector accounts, Q2 2026 · Bank of Spain: financial accounts, Q2 2026

Is Spain's economy growing?

The latest figure from the World Bank, for 2025, is 2.8%. The peak was 6.7% in 2021 and the low -10.9% in 2020. It is 19th highest of 49 in Europe & Central Asia, where the median is 2.1%. Of 180 countries with 2025 data, 106th highest.

What is Spain's GDP per person?

According to the World Bank, GDP per person in Spain was $38,627 in 2025. It is the top of the series, which starts in 2005. Across Europe & Central Asia the middle value was $28,420, and Spain placed 18th highest of 49. Worldwide: 26th of 180.

What is Spain's GDP per capita at PPP?

The latest figure from the World Bank, for 2025, is $59,868 in international dollars. It is the top of the series, which starts in 2005. It is 19th highest of 49 in Europe & Central Asia, where the median is $50,946 in international dollars. World rank, highest first: 30th of 179.

How much does Spain export?

The World Bank puts exports of goods and services in Spain at 36.6% of GDP in 2025. The peak was 39.7% of GDP in 2022 and the low 23.0% of GDP in 2009. Europe & Central Asia median: 47.7% of GDP; Spain is 35th highest of 46. World rank, highest first: 65th of 133.

Does Spain earn more abroad than it spends?

In 2025, the current account balance in Spain was 2.9% of GDP, according to the IMF. Its high point since 2005 was 2024, at 3.2% of GDP; its low point was 2007, at -9.4% of GDP. Across Europe & Central Asia the middle value was -0.3% of GDP, and Spain placed 12th highest of 47. World rank, highest first: 32nd of 132.

What is FDI in Spain?

1.5% of GDP: that is net inflows of foreign direct investment in Spain for 2025, according to the IMF. Its high point since 2005 was 2007, at 4.8% of GDP; its low point was 2009, at 0.5% of GDP. It is 28th highest of 49 in Europe & Central Asia, where the median is 1.9% of GDP. Worldwide: 108th of 179.