Europe · Eurostat + World Bank + FRED data · updated Oct 11, 2026
Spain economy forecast
For 2026 the model expects inflation of 2.6%, GDP growth of 2.9% and unemployment of 10.5% in Spain.
Industrial production
Index 2021=100, monthly, seasonally and calendar adjusted
105.1
in 12 months
HICP price index
2025=100, monthly, not seasonally adjusted
107.9
in 12 months
Monthly unemployment
Percent of labour force, monthly, seasonally adjusted
10.1%
in 12 months
Retail trade volume
Index 2021=100, monthly, seasonally and calendar adjusted
115.0
in 12 months
Inflation
CPI, annual %
2.6%
2026 forecast
GDP growth
Annual %
2.9%
2026 forecast
Unemployment
% of labor force, ILO modeled
10.5%
2026 forecast
GDP per capita
Current US$
$40,308
2026 forecast
Population
People
49.79M
2026 forecast
EUR/USD
USD per 1 EUR
1.1240
in 12 months
Spain at a glance, 2026–2028
| Indicator | Latest | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Inflation | 2.7% 2025 | 2.6% | 2.6% | 2.7% |
| GDP growth | 2.8% 2025 | 2.9% | 3.0% | 3.1% |
| Unemployment | 10.4% 2025 | 10.5% | 10.6% | 10.7% |
| GDP per capita | $38,627 2025 | $40,308 | $40,784 | $40,566 |
| Population | 49.36M 2025 | 49.79M | 50.37M | 51.05M |
Medians; each indicator's page shows its 80% range and backtest.
Other countries in Europe
All countriesStatistical model, not financial advice. Forecasts are automatic outputs of TimesFM 2.5 on public data; outcomes land outside the 80% range about one time in five.