What is the GDP of Spain?

Spain's GDP is approximately $1725.7 billion USD. The GDP growth rate is 3.5%.

What is the population of Spain?

Spain has a population of approximately 48.8 million people. The population growth rate is 1%.

What is the inflation rate in Spain?

The inflation rate in Spain is 2.8%.

What is the unemployment rate in Spain?

The unemployment rate in Spain is 10.4%.

What is the GDP per capita of Spain?

Spain's GDP per capita is approximately $35,327 USD.

Is Spain a good country to invest in?

Spain has an investment score of 76/100, classified as "Safe" risk. Key sectors include Tourism, Renewable Energy, Automotive. Credit rating: NR.

How open is Spain's economy to trade?

Spain's trade openness (trade as % of GDP) is 70%. Exports total approximately $639.5B and imports $567.6B.

What is Spain's government debt?

Spain's government debt is approximately 107% of GDP. The current account balance is 3.2% of GDP.

How much foreign investment does Spain attract?

Foreign direct investment (FDI) in Spain is 2.5% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Spain?

Spain's economy is composed of services (69% of GDP), industry (19% of GDP), and agriculture (3% of GDP).

Can I start a business in Spain as a foreigner?

Spain offers various options for foreign entrepreneurs. Visit our business setup guide for Spain for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Spain's economy growing?

Spain's GDP growth rate is 3.5%. This is above the global average, indicating strong economic momentum.

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Spain Economy Overview

Name: Spain Economic Data
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Europe & Central AsiaHigh IncomeCapital: MadridESP

Safe

Growing

1,725.7B USD

GDP (Nominal)

Growing at 3.5%

$35,327

GDP Per Capita

High income level

48.8M

Population

+1% annual growth

Stable

2.8%

Inflation

Price stability

70%of GDP

Trade Openness

Strong

2.5%of GDP

FDI Inflows

High

107%of GDP

Public Debt

High

10.4%

Unemployment

Surplus

+$71.9B

Trade Balance

GDP

Billion USD, nominal

$1,725.7B

2024+106.2B

GDP Growth

Annual %

3.5%

2024+1.0%

Inflation

Consumer prices, annual %

2.8%

2024-0.7%

Population

Millions

48.9M

2024+0.5M

Economic Structure

Services69%

Industry19%

Agriculture3%

Investment Score Breakdown

Economic Health (30%)74

Political Safety (25%)78

Business Climate (20%)74

Financial Strength (15%)72

Growth Potential (10%)72

Key Sectors

Tourism

12% of GDP

growing

Renewable Energy

5% of GDP

growing

Automotive

4% of GDP

stable

Agriculture

3% of GDP

stable

Should I Invest in Spain?

BuySetup: ModerateROI: Moderate

Spain scores 76/100 on the NationsData Investment Index, rated "Safe". Growth is subdued at 2.5%. Business setup takes approximately 55 days with a corporate tax rate of 25%.

Investment Score76/100

GDP Growth2.5%

Inflation2.8%

FDI/GDP2.8%

Public Debt107.5%

Political Stability0.4

Corporate Tax25%

Ease of Business#30

Strengths

+Good political stability and rule of law
+Favorable business climate with reasonable regulation
+Low inflation (2.8%) - stable pricing environment
+100% foreign ownership allowed - no local partner required
+Extensive tax treaty network (96 countries)

Risks

-Very high public debt (107.5% of GDP) - fiscal crisis risk

Best For

Tourism (growing, score: 82)Renewable Energy (growing, score: 80)Premium services and luxury brandsDigital businesses and SaaS

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