Spain Gross Domestic Product (GDP) by Year (1961–2023)

Spain's GDP showcases a remarkable transformation from an agrarian economy to a global economic player. Starting at $14.2 billion in 1961, GDP surged during the 1970s due to industrialization, reaching $232.7 billion in 1980. The transition to democracy and integration into the European Union (EU) in 1986 further boosted economic growth, with GDP peaking at $1.47 trillion in 2007.

The 2008 global financial crisis severely impacted Spain, reducing GDP to $1.27 trillion by 2012. Recovery efforts, coupled with tourism and export growth, revived the economy, with GDP reaching $1.58 trillion in 2023. Spain’s focus on renewable energy and technology continues to drive resilience.