Economy of Spain
Population: 46.72 M (2018)
GDP per Capita: 30,371 USD (2018)
1,419 B.

GDP USD

(2018)

Display Chart
498,320 M.

EXPORTS USD

(2018)

Display Chart
459,810 M.

IMPORTS USD

(2018)

Display Chart
95.50 %

PUBLIC DEBT

(2019)

Display Chart
Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 2.35 % (2018)
GDP of 2010 USD USD 1,539.50 B. (2018)
GDP Current USD USD 1,419.04 B. (2018)
GDP per Capita Current USD USD 30,371 (2018)
GDP per capita, PPP USD 34,831 (2018)
GDP per Capita, 2010 USD USD 32,950 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 18.62 % (2018)
Government Spending USD 264.19 B. (2018)
Government Debt % GDP 95.50 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 115.86 (2018)
Trade Openness 67.52 % (2018)
Exports of Goods and Services % GDP 35.12 % (2018)
Exports Goods & Services USD 498.32 B. (2018)
Exports Annual Growth 2.19 % (2018)
Imports as % GDP 32.40 % (2018)
Total Imports USD 459.81 B. (2018)
Foreign Direct Investment % GDP 3.46 % (2018)
Foreign Direct Investment USD 44.67 B. (2018)
Current Account Balance % GDP USD 1.92 % (2018)
Current Account Balance USD 27.31 B. (2018)
Trade Balance % GDP 2.71 % (2018)
Trade Balance USD 38.44 B. (2018)
Foreign Exchange Reserves incl Gold USD 70.63 B. (2018)
Remittances % GDP 0.24 % (2018)
Remittances 0.24 % (2018)
Balance of Payments USD 2,342 M. (2018)

Labor Market

Indicator Value
Labor Force 22.73 M. (2019)
Unemployment Rate 14.70 % (2019)
Unemployment Rate Females 16.20 % (2019)
Unemployment Rate Males 12.03 % (2019)
Youth Unemployment (ages 15-24) 33.23 % (2019)
Labor Force Participation Rate 56.97 % (2019)
Labor Force (Percent Female) 46.26 % (2019)
Female Labor Force Participation Rate 51.40 % (2019)
Male Labor Force Participation Rate 62.84 % (2019)
Dependent People 51.62 % (2018)

Agriculture Sector

Indicator Value
Forest Area 36.90 % (2016)
Forest Area km² 184,520 km² (2016)
Agricultural Land 52.58 % (2016)
Agricultural Land km² 262,657 km² (2016)
Employment 4.27 % (2019)
Value added % GDP 2.80 % (2018)
Agriculture Value added USD 39.68 B. (2018)
Crop Production Index 108.70 (2016)
Precipitation 636 mm (2014)
Arable Land 25 % (2016)
Cereal Yield 2,769 kg/hectare (2017)
Food production index 104 (2016)
Rural Population 20 % (2018)
Fertilizer use of Arable Land 144 kg/hectare (2016)
Livestock Production Index 95 (2016)
Economy of Spain

According to the World Bank and its latest published data, the economy of the Spain presents a growth rate of 2.35 % (2018) to the previous year.

With a population that reaches 46.72 M (2018) and a gross domestic product of USD 1,419.04 B. (2018), it translates a Gross Domestic Product per Capita of USD 30,371 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Spain also has a workforce of 22.73 M. (2019) with an unemployment rate of 14.70 % (2019), where women represent 16.20 % (2019) and men 12.03 % (2019), the unemployment rate for young people between 15-24 years old stood at 33.23 % (2019). The total number of dependent people stands at 51.62 % (2018).

The central government spent 18.62 % (2018) of its gross domestic product that year, which in absolute terms is USD 264.19 B. (2018). Its consolidated public debt reached 95.50 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Spain exported USD 498.32 B. (2018), which represents 35.12 % (2018) of its gross domestic product, in that same sense its imports reached USD 459.81 B. (2018) with a direct foreign investment of USD 44.67 B. (2018).

Spain has a forest area of 184,520 km² (2016), which represents 36.90 % (2016) of its total area, an average rainfall of 636 mm (2014) per year and a population of 20 % (2018) living in rural areas. With a total area of 262,657 km² (2016) available for agriculture and 4.27 % (2019) of its employments, the agricultural sector contributes to the economy of the Spain about USD 39.68 B. (2018) (2.80 % (2018) of its GDP).