Macro - Country Economic Forecasts - Spain

Our 2025 GDP growth forecast for Spain has remained unchanged at 2.5% for a second consecutive month. Momentum remains solid, and Spain will again be the fastest-growing major economy in the Eurozone. The Spanish economy is more insulated from the trade war with the US than other European countries, and its strong tourism flows, resilient labour market and consumer spending will continue to prop up activity, despite the persistent uncertainty about US tariffs.


Spain: Stable outlook for a second consecutive month
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings