Spain GDP Growth Rate
Mar 2026 · Quarterly
Spain's real GDP growth eased to 2.71% year-on-year in the second quarter of 2026, from 2.73% in the previous quarter. The latest reading marks a slight deceleration after the prior period's uptick from 2.65% in the final quarter of 2025. Growth has remained within a narrow band of roughly 2.7% to 2.9% over the past year, with the current figure still well above the series' all-time low of -21.45% recorded in the second quarter of 2020. The pace is also below the 2.87% level seen a year earlier, reflecting a gradual cooling trend since the 3.66% peak in late 2024, according to the International Monetary Fund.
source: International Monetary Fund
Spain's real GDP grew 2.72% year-on-year in the first quarter of 2026, accelerating from a 2.65% expansion in the previous quarter. The reading remains well below the all-time high of 19.77% recorded in the second quarter of 2021, and marks the first increase after three consecutive quarterly declines.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 2.7% | 2.6% | 19.8%Jun 2021 | -21.5%Jun 2020 | 1996 – 2026 | Quarterly |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| GDP | $1.91T | $1.73T | $1.91T | $12.4B | Dec 2025 | Annual |
| Industrial Production | 2.0% | 2.6% | 13.9% | -14.1% | Dec 2025 | Annual |
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About this series
GDP Growth Rate in Spain averaged 2.1% from 1996 until 2026, reaching an all-time high of 19.8% in Jun 2021 and a record low of -21.5% in Jun 2020. The series is reported quarterly with history from 1996.
Real GDP growth measures the annual change in the inflation-adjusted value of all goods and services produced in Spain. The data are reported quarterly as a year-on-year percentage change. The series spans from the first quarter of 1996 to the present.
Source & methodology
International Monetary Fund · IMF. Data is also available free of charge from the IMF
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