Published by Global Banking & Finance Review®
Posted on September 19, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleSpain's INE revises 2024 GDP growth to 3.5%, outperforming euro zone peers. S&P Global upgrades Spain's credit rating to A+.
Spain's National Statistics Institute (INE) on Friday revised the country's 2024 gross domestic product growth rate upward to 3.5% from an original 3.2% after computing final data.
INE also revised the 2023 annual GDP growth data down to 2.5% growth from a previous 2.7% and revised its 2022 data up to an expansion of 6.4% from a prior 6.2%.
The Spanish economy has consistently outpaced its euro zone peers in recent years.
On Tuesday, the government raised its 2025 growth forecast to 2.7% from 2.6%, considerably higher than Germany's estimated 0.2% expansion and France's 0.6% forecast.
Las week, S&P Global raised Spain's long-term sovereign credit rating to "A+" from "A", citing a private sector-driven improvement in the country's external finances, supported by high savings and robust exports.
(Reporting by Joao Manuel Mauricio and Javi West Larrañaga, editing by Inti Landauro and David Latona)
Spain's National Statistics Institute revised the GDP growth rate for 2024 upward to 3.5% from the original 3.2%.
The GDP growth rate for 2023 was revised down to 2.5% from a previous estimate of 2.7%.
S&P Global raised Spain's long-term sovereign credit rating to 'A+' from 'A', citing improvements in the country's external finances.
Spain's government raised its 2025 growth forecast to 2.7%, significantly higher than Germany's estimated 0.2% and France's 0.6%.
The GDP growth for 2022 was revised upward to an expansion of 6.4% from a prior estimate of 6.2%.
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