Source: world bank Nominal/PPP
Summary:
Spain GDP Per Capita expanded from 1960 to 2024, increasing from $12.42 to $1,725.67 .The compound annual growth rate (CAGR) averaged 8.01% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 26.56%, indicating the largest cyclical decline from peak levels. The country experienced 10 recession episode(s) during the observed period.
Spain Economic Phases (1960 - 2024)
From 1960 to 2024, Spain economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1961–1967) indicating robust economic expansion
- High Growth (1969–1975) indicating robust economic expansion
- High Growth (1977–1980) indicating robust economic expansion
- High Growth (1985–1992) indicating robust economic expansion
- Expansion (1998–1999) indicating steady moderate growth
- High Growth (2002–2008) indicating robust economic expansion
- Contraction (2009–2010) indicating temporary slowdown
- Expansion (2013–2014) indicating steady moderate growth
- High Growth (2017–2018) indicating robust economic expansion
- Contraction (2019–2020) indicating temporary slowdown
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 1986 with an increase of 39.011%, while the largest decline was in 1993 at -16.776%.