Spain's gross capital formation (constant LCU) was 296.16 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 32.49% from 223.54 billion in 2015 (2.85% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 296.16 billion | 2025 |
| Five years earlier | 232.92 billion | 2020 |
| Ten years earlier | 223.54 billion | 2015 |
| Highest | 314.25 billion | 2007 |
| Lowest | 81.85 billion | 1971 |
| Average since 2016 | 259.16 billion | 2016–2025 |
| First recorded | 83.74 billion |
What the numbers say
In 2025, Spain's gross capital formation (constant LCU) rose 5.8% on 2024 (from 279.99 billion to 296.16 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +2.5% and a typical year strayed about 7.2% from that (the standard deviation). This year's change was 0.5 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 14.8% in 1988 and the biggest yearly fall was 18.4% in 2009. 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 6.18 billion a year. A straight line explains 73% 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.
A straight-line projection, tested first
Extending that straight line gives about 310.1 billion for 2028. We show this only because the same method, fitted on earlier years, predicted 2023 to 2025 better than "no change" would have: its average miss was 6.69 billion, against 12.43 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2025, Spain had the 66th highest value of the 123 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
- Kyrgyz Republic — 63rd of 123: 363.48 billion
- Uruguay — 64th of 123: 311.11 billion
- Mozambique — 65th of 123: 301.52 billion
- Switzerland — 67th of 123: 247.57 billion
- Guinea-Bissau — 68th of 123: 198.32 billion
- Netherlands — 69th of 123: 186.5 billion
What this measures
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. 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 56 values
| Year | Gross capital formation (constant LCU) |
|---|---|
| 2025 | 296,163,000,000 |
| 2024 | 279,990,000,000 |
| 2023 | 267,530,000,000 |
| 2022 | 271,338,000,000 |
| 2021 | 257,379,000,000 |
| 2020 | 232,919,000,000 |
| 2019 | 264,473,000,000 |
| 2018 | 257,896,000,000 |
| 2017 | 238,042,000,000 |
| 2016 | 225,856,000,000 |
Gross capital formation (constant LCU) in nearby economies
- Albania — 565.85 billion (2024)
- Armenia — 2.15 trillion (2025)
- Austria — 94.52 billion (2025)
- Belarus — 57.67 billion (2025)
- Belgium — 123.12 billion (2025)
- Bosnia and Herzegovina — 12.75 billion (2025)
- Bulgaria — 14.78 billion (2025)
- Croatia — 16.62 billion (2025)
- Cyprus — 5.78 billion (2025)
- Czechia — 1.77 trillion (2025)
- Denmark
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$1.47 trillion (2025)
- GDP (constant LCU) — 1.4 trillion (2025)
- GDP per capita (current US$) — US$38,627 (2025)
- GDP per capita (current LCU) — 34,184 (2025)
- GDP per capita (constant 2015 US$) — US$29,763 (2025)
- GDP per capita (constant LCU) — 28,299 (2025)
- GNI (current US$)
Reading data like this
Questions people ask
- What is Spain's gross capital formation (constant LCU)?
- 296.16 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 253.68% from 83.74 billion in 1970 (2.32% a year on average, compounded). The highest value was 314.25 billion in 2007 and the lowest 81.85 billion in 1971.
Source
World Bank, World Development Indicators, indicator NE.GDI.TOTL.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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