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The economy of Spain is a highly developed social market economy. It’s the world's 15th largest by nominal GDP and the sixth-largest in Europe. Spain is a member of the European Union and the eurozone, as well as the Organization for Economic Co-operation and Development and the World Trade Organization.
Mar 29, 2024 · According to the latest Eurostat estimates, Spain's economy is projected to grow by 1.7% in 2024 and 2% in 2025, surpassing the European Union's average of 0.9% and 1.7%, respectively.
Spain's economy in numbers: Nominal GDP of USD 1,415 billion in 2022. GDP per capita of USD 29,722 compared to the global average of USD 10,589. Average real GDP growth of 1.1% over the last decade.
Economic activity in Spain is set to slow but remain above the euro zone average, supported by declining inflationary pressures, accelerating real wage growth and a buoyant tourism sector. Read more: Koldo corruption scandal shakes Spanish government. Read more: Divisive Catalonia amnesty deal threatens Spain's stability
May 15, 2024 · The latest macroeconomic forecast for Spain. Spring 2024 Economic Forecast: A gradual expansion amid high geopolitical risks. Economic activity in Spain is expected to grow at 2.1% in 2024 and 1.9% in 2025 driven by domestic demand and sustained by continued labour market resilience.
Oct 25, 2023 · Economic Survey of Spain - 25 October 2023. Spain implemented sizable measures to cushion the impact of the pandemic and of the inflationary shock after Russia’s war of aggression against Ukraine. The economy has held up well, but public debt, which was already high, has increased because of the pandemic, making it urgent to step up the pace ...
Mar 14, 2024 · Spain becomes first major eurozone economy to beat ECB’s 2% target in almost 2 years. Save. Tuesday, 30 May, 2023. Eurozone inflation. Inflation in Spain falls more than expected to 2.9%.
