Spain economy graph showing purchasing power parity (PPP) growth from 1990 to today. Purchasing power parity adjusts the size of the economy to relevant price levels, i.e. measuring the price of specific goods in different countries and adjusting GDP accordingly.
As of 2023, Spain’s GDP per capita, adjusted for purchasing power parity (PPP), stood at approximately $47,298. This figure positions Spain at about 266% of the global average, reflecting its advanced economic status within the European Union. Spain’s economy is driven by services, tourism, manufacturing, and agriculture, particularly olive oil and wine production.