This statistic shows the gross domestic product (GDP) per capita in Spain from 1987 to 2023, with projections up until 2029. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. In 2023, the GDP per capita in Spain was around 33,071.35 U.S. dollars.
Spain's struggling economy
The Spanish economy is essential for the global market, as it remains one of the largest economies in the world as well as within Europe. The aftermath of the global financial crisis and the Eurozone crisis resulted in an economic collapse, which has yet to be completely resolved by the Spanish government. While unemployment has always been a general weakness for Spain, the occurrence of recent economic disasters has fueled the struggles in the country’s job market, resulting in a decade high unemployment rate. During the prime of both crises, not only millions of workers were laid off, but government spending also reached a new high, considerably exceeding national revenues earned. This not only resulted in further layoffs in the following years, but also burdened the country with almost double the amount of debt.
Prior to the crisis, the public already assumed that the Spanish economy would decline, however the public opinion of the situation became conclusive post 2009. The lack of consumer confidence is only further damaging the Spanish economy, as investors have already pulled much capital from the troubled nation and are hesitant to reinvest their money.
Spain: Gross domestic product (GDP) per capita in current prices from 1987 to 2029
(in U.S. dollars)
Characteristic
GDP per capita in U.S. dollars
2029*
42,274.33
2028*
40,983.87
2027*
39,792.19
2026*
38,706.64
2025*
37,361.96
2024*
35,788.73
2023
33,895.59
2022
30,402.92
2021
30,893.22
2020
27,214.29
2019
29,798.12
2018
30,651.15
2017
28,394.72
2016
26,752.98
2015
25,991.88
2014
29,719.01
2013
29,236.15
2012
28,478.51
2011
31,823.41
2010
30,693.28
2009
32,241.57
2008
35,576.85
2007
32,588.56
2006
28,414.13
2005
26,438.03
2004
24,932.13
2003
21,501.07
2002
17,097.92
2001
15,400.91
2000
14,761.11
1999
15,814.19
1998
15,457.11
1997
14,782.95
1996
16,095.75
1995
15,475.61
1994
13,419.62
1993
13,409.7
1992
16,013.16
1991
14,697.5
1990
13,693.64
1989
10,566.13
1988
9,598.67
1987
8,187.29
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IMF. (October 22, 2024). Spain: Gross domestic product (GDP) per capita in current prices from 1987 to 2029 (in U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/263773/gross-domestic-product-gdp-per-capita-in-spain/
IMF. "Spain: Gross domestic product (GDP) per capita in current prices from 1987 to 2029 (in U.S. dollars)." Chart. October 22, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/263773/gross-domestic-product-gdp-per-capita-in-spain/
IMF. (2024). Spain: Gross domestic product (GDP) per capita in current prices from 1987 to 2029 (in U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/263773/gross-domestic-product-gdp-per-capita-in-spain/
IMF. "Spain: Gross Domestic Product (Gdp) per Capita in Current Prices from 1987 to 2029 (in U.S. Dollars)." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/263773/gross-domestic-product-gdp-per-capita-in-spain/
IMF, Spain: Gross domestic product (GDP) per capita in current prices from 1987 to 2029 (in U.S. dollars) Statista, https://www.statista.com/statistics/263773/gross-domestic-product-gdp-per-capita-in-spain/ (last visited December 21, 2024)
Spain: Gross domestic product (GDP) per capita in current prices from 1987 to 2029 (in U.S. dollars) [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/263773/gross-domestic-product-gdp-per-capita-in-spain/