GDP in Spain - statistics & facts
The Gross Domestic Product (GDP) is one of the most frequently used economic indicators that measures the size of a country’s economy through its production in a given amount of time, usually a year. The GDP comprises all goods and services produced within the national borders regardless of their purpose. It aggregates all private and public consumption, investment, government expenditure and net exports.
In 2023, Spain’s GDP stood at 1,462 billion euros, compared to the previous year this indicates an increase of 116 billion euros and continues the positive trend that has been observed since 2013, only interrupted in 2020. According to this indicator, Spain is the 15th largest economy in the world. Since the GDP is not adjusted for a country’s population size, GDP per capita is better suited for country to country comparisons. Spain’s GDP per capita reached 33,071 US dollars in 2023, and indicates a tumble from the top ranking, far from the value registered in the economies with the largest GDP per capita, such as Luxembourg and Ireland.
In 2023, Spain’s GDP stood at 1,462 billion euros, compared to the previous year this indicates an increase of 116 billion euros and continues the positive trend that has been observed since 2013, only interrupted in 2020. According to this indicator, Spain is the 15th largest economy in the world. Since the GDP is not adjusted for a country’s population size, GDP per capita is better suited for country to country comparisons. Spain’s GDP per capita reached 33,071 US dollars in 2023, and indicates a tumble from the top ranking, far from the value registered in the economies with the largest GDP per capita, such as Luxembourg and Ireland.
