Spain's economy grows 2.8% in 2025, double eurozone average

Spain's economy expanded 2.8% in 2025, roughly double the growth rate of the eurozone as a whole.

Data published by Spain's National Statistics Institute (INE) on Thursday confirms their preliminary estimate released in late January.

GDP rose 0.8% in the final quarter of the year, up two-tenths from the previous quarter and marking the strongest quarterly increase of 2025.

The growth was largely fueled by household consumption and investment.

Household spending rose 3.1% year-on-year, while investment in capital goods increased 5.9%.

Exports grew 3.8% over 2024, up eight tenths of a percentage point from the third quarter.

On the supply side, all sectors posted positive year-on-year growth in value added, except for the primary sector. Construction expanded 7.2%, while services rose 3%. The primary sector, by contrast, declined 0.6%.

For the fourth quarter alone, GDP was up 2.7% compared with the same period in 2024.

Remuneration for salaried employees rose 7.8% year-on-year, driven by a 3.2% increase in full-time equivalent jobs and a 4.5% rise in wages.

Measured at current prices – including inflation – Spain's total economic output reached €1,687.152 billion, up 5.8% from 2024.