Nominal GDP for Spain was $1,722bn in 2024, up from $1,620bn in 2023. The Spanish population was estimated at 47.9m in 2024 according to the IMF, while France is Spain’s biggest trading partner.
Variables Surveyed for Spain
Variables covered in our monthly analysis of Spain include:
- Gross Domestic Product
- Household Consumption
- Gross Fixed Investment
- Industrial Production
- Consumer Prices
- Salary Cost per Hour
- Current Account
- General Government Budget Balance
- Interest Rates
- Euro Currency Forecasts
Consensus Forecasts for Spain
Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. in the PDF publication, we also show selected “comparison forecasters” including the IMF, OECD, and European Commission. The example below is an illustrative historical survey snapshot from September 2022, showing how individual forecasts and the consensus are presented.
Source: Consensus Forecasts – G-7 and Western Europe, September 2022
Special Surveys
In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for Spain on topics such as:- Quarterly Forecasts
- Long-Term 5 and 10 Year Forecasts
- Economic Policy Evaluation
- Trends in Productivity and Wages
- Corporate Profits and Real Interest Rates
- Forecast Probabilities
Main Data Sources for Spain
- Instituto Nacional de Estadística: The Instituto Nacional de Estadística is the official agency in Spain that collects statistics about demography, economy, and Spanish society.
- Banco de España: The Banco de España is the national central bank and, within the framework of the Single Supervisory Mechanism (SSM), the supervisor of the Spanish banking system along with the European Central Bank. Its activity is regulated by the Law of Autonomy of the Banco de España.
Comprehensive Forecasts Coverage
Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at editors@consensuseconomics.com should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.Explore forecasts across G7 & Western Europe
Alongside this country forecast, explore the other economies covered by our G7 & Western Europe forecast publication.