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Spain's Central Government Debt (% of GDP), 1990-2022

Spain's Central Government Debt (% of GDP), 1990-2022

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TGM StatBox. (2024). Spain's Central Government Debt (% of GDP), 1990-2022. TGM StatBox.
Chart Details
Data Source: International Monetary Fund (IMF)
Timeframe: 1990-2022
Country: Spain
Published date: 2024
Note: The Central Government Debt (Percent of GDP) by the International Monetary Fund (IMF) refers to the total debt owed by a country's central government as a percentage of its Gross Domestic Product (GDP).
Key Takeaways
Spain's central government debt rose gradually from 34.4% in 1990 to a peak of 75.41% in 1996 due to fiscal expansion and economic challenges. By 2007, debt declined to 29.65%, reflecting the economic boom preceding the global financial crisis. However, the crisis caused debt to surge, reaching 91.7% by 2014.

The COVID-19 pandemic exacerbated Spain's debt burden, pushing the ratio to 107.93% in 2020. Although economic recovery began in 2021, debt remained high at 102.25% in 2022, underscoring structural fiscal challenges despite stabilization efforts.

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