Spain

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 hard copy and pdf version of the publication, we also show selected “comparison forecasters”  including the IMF, OECD, and European Commission. The table below shows a small example set of forecasts for GDP growth and Consumer Prices (CPI), taken from our survey of September 2022.

Source: Conensus 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:

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.
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