In numbers .. new expectations for the growth of the Spanish economy during 2025

The Spanish government announced the raising of its forecast for growth in 2025 from 2.4 to 2.6 percent, thanks to a good economic performance in the country.
“We finished in 2024 with good momentum, which puts us in an excellent position to launch in the year 2025,” Economy Minister Carlos Carlos said.

Spanish economy growth expectations

He added: This leads us to update the total economic framework of the government, “while the latest results indicated the growth of GDP, which amounted to 3.2 percent in the year 2024.
This is thanks to the increase in exports and consumption, in addition to the strength of the prosperous tourism sector, according to a preliminary estimate issued by the National Institute of Statistics on Wednesday.
This number exceeds expectations, and the Bank of Spain, which expected to grow by 3.1 percent, and exceeds the average in the euro area of ​​+0.8 percent.
“The pleasant surprise was very clear. Add to that it comes in a very complex context, as Spain grows while our main partners witness slowdown or stagnation.”

GDP in Spain

In December, the Bank of Spain reviewed its forecast for GDP growth in 2025 by three tenths of the percentage, to 2.5 percent.
With regard to 2026, his expectations of 1.9 percent did not change, while he expected a slight slowdown in the economy in 2027, with an increase of 1.7 percent.

The gross domestic product in Spain in 2020 decreased by 10.8 percent due to the Kofid-19 pandemic, as the tourism sector, which represents about 13 percent of the country’s economy, paralyzed.

However, the fourth largest economy in the eurozone managed to recover, to the extent that the ranking of the Organization for Economic Cooperation and Development for the best performance economics in the year 2024, which was published by the British magazine “The Economist”, advanced on Ireland and Denmark.