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Manufacturing Sector Contribution to GDP in Spain (1990-2022)

Manufacturing Sector Contribution to GDP in Spain (1990-2022)

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TGM StatBox. (2024). Manufacturing Sector Contribution to GDP in Spain (1990-2022). TGM StatBox.
Chart Details
Data Source: World Development Indicators.
Timeframe: 1990-2022
Country: Spain
Published date: 2024
Note: Manufacturing (% of GDP), according to World Development Indicators, measures the contribution of the manufacturing sector to a country's Gross Domestic Product (GDP).
Key Takeaways
Spain’s manufacturing share in GDP started at 16.3% in 1995, following a gradual decline in the early 2000s, influenced by the country’s shift towards tourism and services. The 2008 global financial crisis saw a sharper drop, reaching 11.6% by 2009, reflecting Spain’s heavy reliance on the construction and service sectors. Modest stabilization efforts have kept the sector around 11% in recent years, with a slight recovery in 2021 and 2022 to 11.4%, largely due to increased support for industrial modernization and EU-funded recovery initiatives.

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