Spain's GDP (constant LCU) was 1.4 trillion in 2025, the latest year in the World Bank's World Development Indicators. That is up 21.79% from 1.15 trillion in 2015 (1.99% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1.4 trillion | 2025 |
| Five years earlier | 1.13 trillion | 2020 |
| Ten years earlier | 1.15 trillion | 2015 |
| Highest | 1.4 trillion | 2025 |
| Lowest | 181.99 billion | 1960 |
| Average since 2016 | 1.26 trillion | 2016–2025 |
| First recorded | 181.99 billion |
What the numbers say
In 2025, Spain's GDP (constant LCU) rose 2.8% on 2024 (from 1.36 trillion to 1.4 trillion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +2.1% and a typical year strayed about 3.4% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 11.8% in 1961 and the biggest yearly fall was 10.9% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about 20.72 billion a year. A straight line explains 58% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Spain had the 84th highest value of the 186 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Spain in the 2025 ranking
- Uruguay — 80th of 186: 1.94 trillion
- Israel — 81st of 186: 1.74 trillion
- Malaysia — 82nd of 186: 1.74 trillion
- Morocco — 84th of 186: 1.35 trillion
- Mozambique — 85th of 186: 1.1 trillion
- Guinea-Bissau — 86th of 186: 1.08 trillion
What this measures
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 66 values
| Year | GDP (constant LCU) |
|---|---|
| 2025 | 1,396,695,000,000 |
| 2024 | 1,358,323,000,000 |
| 2023 | 1,312,957,000,000 |
| 2022 | 1,281,423,000,000 |
| 2021 | 1,204,681,000,000 |
| 2020 | 1,129,214,000,000 |
| 2019 | 1,267,926,000,000 |
| 2018 | 1,243,538,000,000 |
| 2017 | 1,214,447,000,000 |
| 2016 | 1,180,266,000,000 |
GDP (constant LCU) in nearby economies
- Albania — 2.12 trillion (2025)
- Andorra — 3.12 billion (2025)
- Armenia — 7.81 trillion (2025)
- Austria — 416.81 billion (2025)
- Azerbaijan — 33.94 billion (2025)
- Belarus — 213.25 billion (2025)
- Belgium — 531.48 billion (2025)
- Bosnia and Herzegovina — 43.87 billion (2025)
- Bulgaria — 75.24 billion (2025)
- Channel Islands — 10.06 billion (2023)
- Croatia — 69.73 billion (2025)
- Cyprus — 30.66 billion (2025)
More economic policy & debt data for Spain
- Total reserves, including gold (current US$) — US$128.59 billion (2025)
- Total reserves, excluding gold (current US$) — US$89.05 billion (2025)
- GDP (current US$) — US$1.91 trillion (2025)
- GDP (current LCU) — 1.69 trillion (2025)
- GDP (constant 2015 US$) — US$1.47 trillion (2025)
- GDP per capita (current US$) — US$38,627 (2025)
- GDP per capita (current LCU) — 34,184 (2025)
- GDP per capita (constant 2015 US$) — US$29,763 (2025)
- GDP per capita (constant LCU) — 28,299 (2025)
- GNI (current US$) — US$1.91 trillion (2025)
- GNI (current LCU)
Reading data like this
Questions people ask
- What is Spain's GDP (constant LCU)?
- 1.4 trillion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 667.46% from 181.99 billion in 1960 (3.18% a year on average, compounded). The highest value was 1.4 trillion in 2025 and the lowest 181.99 billion in 1960.
- How does Spain rank?
- 84th highest of 186 economies with data for 2025.
- Is the latest change in GDP (constant LCU) unusual for Spain?
- In 2025, Spain's GDP (constant LCU) rose 2.8% on 2024 (from 1.36 trillion to 1.4 trillion). Across the 30 yearly changes before that (1995 to 2024), the average change was +2.1% and a typical year strayed about 3.4% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.GDP.MKTP.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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