Spain GDP Growth Rate by Year (1961-2023)
Spain’s growth history reflects periods of strong expansion and severe crises. The 1960s were marked by impressive double-digit growth, peaking at in 1961. However, the 1975 global recession and energy crisis led to stagnation, with only growth. Recovery ensued in the late 1980s, driven by structural reforms and EU integration.
The global financial crisis of 2009 hit Spain hard, contracting GDP by -, with a slow and uneven recovery. The pandemic's impact in 2020 was even sharper, causing a significant - contraction. However, a robust recovery followed, with in 2021 and a continued upswing to in 2022, before settling at in 2023 amid global economic adjustments.
For a broader context, visit other statistics on Spain’s export value, Spain’s urbanization rate, Spain’s annual GDP.
