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    Home > Finance > Spain's stats institute revises 2024 GDP growth up to 3.5%
    Finance

    Spain's stats institute revises 2024 GDP growth up to 3.5%

    Published by Global Banking & Finance Review®

    Posted on September 19, 2025

    1 min read

    Last updated: January 21, 2026

    Spain's stats institute revises 2024 GDP growth up to 3.5% - Finance news and analysis from Global Banking & Finance Review
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    Tags:GDPeconomic growthfinancial markets

    Quick Summary

    Spain's INE revises 2024 GDP growth to 3.5%, outperforming euro zone peers. S&P Global upgrades Spain's credit rating to A+.

    Table of Contents

    • Spain's Economic Outlook for 2024
    • Revisions to GDP Growth Rates
    • Comparison with Euro Zone Peers
    • Sovereign Credit Rating Upgrade

    Spain's stats institute revises 2024 GDP growth up to 3.5%

    Spain's Economic Outlook for 2024

    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.

    Revisions to GDP Growth Rates

    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%.

    Comparison with Euro Zone Peers

    The Spanish economy has consistently outpaced its euro zone peers in recent years.

    Sovereign Credit Rating Upgrade

    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)

    Key Takeaways

    • •Spain's 2024 GDP growth revised to 3.5% by INE.
    • •2023 GDP growth adjusted down to 2.5%.
    • •Spain's economy outpaces euro zone peers.
    • •S&P Global upgrades Spain's credit rating to A+.
    • •Government forecasts 2025 growth at 2.7%.

    Frequently Asked Questions about Spain's stats institute revises 2024 GDP growth up to 3.5%

    1What is the revised GDP growth rate for Spain in 2024?

    Spain's National Statistics Institute revised the GDP growth rate for 2024 upward to 3.5% from the original 3.2%.

    2How did the GDP growth rate for 2023 change?

    The GDP growth rate for 2023 was revised down to 2.5% from a previous estimate of 2.7%.

    3What did S&P Global do regarding Spain's credit rating?

    S&P Global raised Spain's long-term sovereign credit rating to 'A+' from 'A', citing improvements in the country's external finances.

    4How does Spain's growth forecast compare to Germany and France?

    Spain's government raised its 2025 growth forecast to 2.7%, significantly higher than Germany's estimated 0.2% and France's 0.6%.

    5What was the GDP growth revision for 2022?

    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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