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Spain GDP

Spain has the 14th largest economy in the world and is one of the richest countries in the world. The gross domestic product (GDP) of Spain is $1,199.06 (USD Billion) and its growth was 3.21% from 2014 to 2015. Its highest GDP was recorded in 2008 and its average GDP in the last 10 years is $1,408.72 (USD Billion).

Spain GDP per capita is $25,831.58 (USD). However, when factoring in purchase power parity (PPP), it becomes $34,526.50 (USD), making it the 33rd richest country in the world. The average GDP adjusted to PPP per capita in the last 10 years was $32,832.32 (USD).

The financial crisis of 2007-2008 strongly affected the economy of Spain. This undid much of the economic boom that the country had enjoyed throughout most of the 2000s. The GDP shrunk and unemployment rates soared. In one year alone, 1.2 million jobs had been lost in the country. This was partly due to the end of a construction boom which had been ongoing in the country.

However, by 2013-2014, the country's economy began to improve, recovering much of its GDP that was lost during the years of shaky economic performance. This is partly due to Spain's status as an attractive tourist destination, as well as its increase in exported material.

As Spain is not home to any fossil fuels, it imports all fossil fuels used in the country. Global expansion of Spanish companies has occurred in recent years, particularly within Central America. The major exports of Spain include cars and vehicle parts, medications, wine, fruits (particularly of the citrus variety), meat, and olive oil.

GDP Of Spain Per Year

Spain's GDP & Other Economic Statistics

Spain GDP Current Previous Highest Unit
GNI per capita, PPP 34,490.00 33,480.00 34,490.00 International $
GNI, PPP 1,601.19 1,555.99 1,601.19 International $ Billion
GNI 1,197.95 1,375.20 1,591.11 USD Billion
Gross domestic savings 277.56 307.66 400.10 USD Billion
GDP per capita, PPP 34,526.50 33,625.43 34,526.50 International $
GDP per capita growth 3.35 1.66 3.35 %
GDP per capita 25,831.58 29,718.50 35,578.73 USD
GDP growth 3.21 1.36 4.17 %
GDP 1,199.06 1,381.34 1,634.99 USD Billion
Services, etc., value added 815.80 944.48 1,029.81 USD Billion
Industry, value added 245.70 281.96 435.13 USD Billion
Manufacturing, value added 145.01 166.59 217.87 USD Billion
Agriculture, value added 27.36 31.71 37.44 USD Billion
Gross fixed capital formation 244.23 270.80 477.61 USD Billion
Tax revenue 12.21 12.94 16.70 % of GDP
Source: www.worldatlas.com | World Bank

What is Gross Domestic Product (GDP)?

Gross Domestic Product (GDP) is a measure of market value of all final goods and service produced in a yearly period. This page provides the GDP of Spain – current values and historical information. The information was last updated 2016.

GDP Of Spain vs. Other Countries

Rank Country GDP (USD Billion), 2015
9 Brazil 1,774.72
10 Canada 1,550.54
11 South Korea 1,377.87
12 Australia 1,339.54
13 Russia 1,326.02
14 Spain 1,199.06
15 Mexico 1,144.33
16 Indonesia 861.93
17 The Netherlands 752.55
18 Turkey 718.22
19 Switzerland 664.74
The GDP of Spain is tabulated by govermental institutions and was last updated on May 9th, 2017.