GDP

GDP of Spain in 2023 - Expenditure Approach, Sector Output, and Regional GDP

Last Updated: October 31, 2023
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GDP Summary

“Spain with a population of had a total GDP value of US dollars (calculated in current US dollars) for the whole of 2022. The GDP per capita is 29800, and the growth rate in 2022 is 5.8%.”

Population

47.134 million

Land Size

499603.479 km²

GDP

1.42 trillion

GDP Per Capita

29800 USD

Real GDP Growth
Note: Real GDP Growth (%) | Forecast after 2023
GDP Per Capital (Nominal)
Note: Current USD | Forecast after 2023
GDP Per Capita (PPP)
Note: PPP | Forecast after 2023

GDP Structure (Expenditure Approach)

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Private Consumption
56.9%
Government Expneidutre
20.4%
Capital Formation
20.1%
Export
40.9%
Import
39.7%
GDP Growth(By Type)
Note: Real GDP Growth (%) | Forecast after 2023

GDP Structure By Sector

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Agriculture
2.3%
Industry
20.7%
Manufacturing
12.1%
Service
77%
Economic Growth(By Sector)
Note: Real GDP Growth (%) | Forecast after 2023

Economic Development

Unemployment

12.9 %

Inflation

8.3 %

Urbanization

80.6 %

TFR

1.2 人

Unemployment Rate
Unit: %
Inflation Rate
Unit: %

GDP By Regions

Top 5 Regions By Population & Their GDP | Note: USD, current prices, current PPP

Spain

1800300 million USD

Andalusia

239685 million USD

Catalonia

342091 million USD

Madrid

351801 million USD

Valencia

168552 million USD

Galicia

94425.2 million USD

Historical Real GDP Growth Rate
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Growth By GDP

Top 5 Regions By Population & Their GDP Growth in 2020

Spain

-11.33 %

Andalusia

-10.85 %

Catalonia

-11.94 %

Madrid

-10.85 %

Valencia

-10.56 %

Galicia

-9.8 %

Historical Real GDP Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita By Regions

Top 5 Regions By Population & Their GDP Per Capita in 2020 (Measured in PPP, current prices) | Unit: USD

Spain

38009 USD

Andalusia

28231 USD

Catalonia

44649 USD

Madrid

52107

Valencia

33455 USD

Galicia

34976 USD

Historical GDP Per Capita (PPP) By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0 USD. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita Growth By Regions

Top 5 Regions By Population & Their GDP Per Capita Growth Rate in 2020 | Unit: %

Spain

-11.4 %

Andalusia

-10.9 %

Catalonia

-12.2 %

Madrid

-11.48 %

Valencia

-10.52 %

Galicia

-9.39 %

Historical GDP Per Capita Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %