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Spain is often read through domestic demand, tourism intensity, bank sensitivity to rates, and the ability of the labor market to keep supporting household consumption. The market usually reacts to the combination of ECB policy, travel and services momentum, and whether domestic activity remains strong enough to keep bank, consumer, and utility profits on track.
Regional map
Start here
You do not need a finance background. Start with the essentials, then go deeper only where useful.
Use the key figures to see the country’s size, currency and current economic backdrop.
Pick one variable at a time and see how it has changed over time.
The final cards explain the few forces that can move companies and the local market.
Key facts
Capital
Currency
Primary exchange
Central bank
Region
Time zone
Source: INE Spain,
Country dashboard
A service-heavy euro-area market that trades through tourism, banks, utilities, and domestic demand recovery.
Macro explorer
Click an indicator to open a focused read instead of scanning every card at once.
Nominal GDP in current local currency from the World Bank. This is the size of the economy in reported currency terms, not a growth rate.
Available variables
Source: INE Spain,
Trade and external position
The latest available data show exports of $648.8B and imports of $590.9B, leaving an external balance of +$57.9B. Services account for 34.0% of total exports.
This is the broadest export figure for Spain in the WTO annual data, combining merchandise and commercial services. Goods account for 66.0% of the total and services for 34.0%, which quickly shows whether the export machine is still mainly physical trade or already more service-heavy.
This is the merchandise side of the export base. In 2024, the biggest WTO goods bucket was manufactures at 66.5% of merchandise exports, which is the cleanest shortcut for what really drives the physical export mix.
This is the services side of exports, covering travel, transport, finance, IP, digital, and business services. The largest WTO services export sector in 2024 was travel at $106.5B, which helps explain where intangible export strength is concentrated.
Commodity lens
Goods made up 66.0% of total exports in 2024, leaving services at 34.0%.
Goods made up 81.1% of total imports in 2024, leaving services at 18.9%.
This was the biggest WTO merchandise export group for Spain in 2024.
This was the biggest WTO merchandise import group for Spain in 2024.
Goods exports minus goods imports in 2024. A deficit here shows whether merchandise trade supports or drags on the overall external balance.
Source: WTO bulk download page,
What to watch
Spain should first be read through tourism demand. When this regime shifts, local how highly shares are valued and sector leadership usually shift with it.
The market usually reacts to the combination of ECB policy, travel and services momentum, and whether domestic activity remains strong enough to keep bank, consumer, and utility profits on track. That makes bank leverage to rates one of the most important signals for revising the country narrative.
The final layer is domestic consumption, because it determines whether the macro backdrop turns into sustainable profits support for the IBEX 35.
Other countries
Each card opens the same country template with its own map, switchable macro variables, and benchmark view. This is the first linked network of country pages across the region.
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Europe
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Europe
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Europe
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Europe
A global, income-heavy market where energy, financials, sterling, and international revenue exposure dominate the tape.
GDP
What This Signals
Nominal GDP is shown here in reported currency terms, so each point is the size of the economy itself rather than the growth rate of that economy. It is useful for judging the economy's absolute scale, which matters when comparing fiscal capacity, debt servicing room, and how meaningful a given policy package really is. Versus a year ago, the series is higher by 6.4%, which points to an improving or firmer backdrop on this measure. Across the displayed window, the broader trend is still upward.