📊 Spain Countries Intelligence
Spain's economy is estimated to have grown +2.1% in 2026, with inflation at 3.0% and unemployment at 9.8%. Government debt stands at 98.2% of GDP, and the budget balance is -2.1% of GDP.
Economic Indicators
GDP (nominal)
$2.09tn
2026 est.
GDP Growth
+2.1%
2026 est.
Inflation Rate
3.0%
2026 est.
Interest Rate
2.0%
2026 est.
Jobless Rate
9.8%
2026 est.
Gov. Budget Balance
-2.1%
2026 est.
Debt / GDP
98.2%
2026 est.
Current Account
+2.2%
2026 est.
Population
50.3M
2026 est.
Main Economic Activity
Services 68.4%
2025, % of GDP
Agriculture
2.7%
Manufacturing
10.6%
Services
68.4%
Natural resource rents
0.1%
Source: World Bank Open Data (value added / resource rents, % of GDP). Agriculture, Manufacturing and Services are named sub-categories; Natural resource rents (gold bar) is a separate accounting concept that overlaps with the others rather than adding to 100% of GDP.
Sovereign Credit Ratings
S&P
A+
Fitch
A
Moody's
A3
Source: Wikipedia — List of countries by credit rating. NR = not rated by that agency.
⚡ 6 Effects Interpreter — Synthesis
🌍World Economy
- ▶Spain's growth trend feeds modestly into regional trade flows.
- ▶Spain's external balance stays close to equilibrium.
🏙️Local Economy
- ▶Elevated joblessness weighs on household spending and confidence.
- ▶Inflation is running at a moderate, manageable pace.
🏦Rates & Banks
- ▶The benchmark lending rate sits near 2.0%, shaping the cost of mortgages and business loans.
- ▶High public debt limits room for future tax cuts or rate relief.
❤️Health
- ▶Persistently high unemployment is linked to greater strain on mental health and healthcare demand.
- ▶Public-health funding is shaped by the government budget balance shown above.
💷Wealth
- ▶Savings are keeping pace reasonably well with the cost of living.
- ▶The budget position implies no unusual near-term tax pressure.
🏠Housing
- ▶Low interest rates keep mortgage borrowing relatively cheap.
- ▶Housing demand broadly tracks the pace of overall economic growth.
Synthesis generated by the News Effects 6 Effects Interpreter's rule-based engine from the real indicators above. Indicators: IMF DataMapper & World Bank Open Data.