Total population of Spain 2029
In 2024, the total population of Spain was around 48.38 million people. By 2029, it was forecast to grow up to 50.76 million inhabitants.
Population of Spain
While Spain’s fertility rate has been relatively decreasing over the past decade, its year-over-year population growth has been increasing continuously since 2016. The collapse of the job and real estate markets may have led the Spanish to postpone having (more) kids or to migrate to other countries in search of a more stable economy, while inflow of migrates has increased . This theory is supported by data on the average age of Spain’s inhabitants; a look at the median age of Spain’s population from 1950 up until today shows that the Spanish get older on average – perhaps due to the aforementioned factors.
Economic recovery
Speaking of Spain’s economy, economic key factors suggest that the country is still recovering from the crisis. Its gross domestic product (GDP) was in admirable shape prior to the collapse, but it still has not returned to its former glory. Only recently has Spain reported actual GDP growth since 2008. Nevertheless, during 2020 and the COVID-19 pandemic, Spain's GDP had a decrease of more than 11 percent. This in turn, led to an increase of the country’s unemployment rate after years of slowly but surely decreasing following an alarming peak of 26 percent in 2013. Future perspectives are, however, somewhat brighter, as GDP is forecast to maintain a positive growth rate at least until 2029, even exceeding two percentage points in 2025.
Population of Spain
While Spain’s fertility rate has been relatively decreasing over the past decade, its year-over-year population growth has been increasing continuously since 2016. The collapse of the job and real estate markets may have led the Spanish to postpone having (more) kids or to migrate to other countries in search of a more stable economy, while inflow of migrates has increased . This theory is supported by data on the average age of Spain’s inhabitants; a look at the median age of Spain’s population from 1950 up until today shows that the Spanish get older on average – perhaps due to the aforementioned factors.
Economic recovery
Speaking of Spain’s economy, economic key factors suggest that the country is still recovering from the crisis. Its gross domestic product (GDP) was in admirable shape prior to the collapse, but it still has not returned to its former glory. Only recently has Spain reported actual GDP growth since 2008. Nevertheless, during 2020 and the COVID-19 pandemic, Spain's GDP had a decrease of more than 11 percent. This in turn, led to an increase of the country’s unemployment rate after years of slowly but surely decreasing following an alarming peak of 26 percent in 2013. Future perspectives are, however, somewhat brighter, as GDP is forecast to maintain a positive growth rate at least until 2029, even exceeding two percentage points in 2025.
