Spain's Economic Surge: Outpacing Eurozone Peers
Spain's economy witnessed a significant expansion of 3.2% in 2024, surpassing eurozone peers. This growth, propelled by tourism, agriculture, and exports, led to a forecast revision. The growth persists despite rising living costs and housing crisis. Analysts note slow GDP per capita growth since 2007.

Spain's economy is experiencing a notable expansion, growing by 3.2% in 2024, surpassing official forecasts and outperforming its eurozone counterparts, according to preliminary data from the National Statistics Institute.
The growth is attributed to a tourism surge, a robust agriculture sector, and increased exports. Economy Minister Carlos Cuerpo announced this week that the government is set to increase its economic forecast from the current 2.4% due to these positive indicators.
Despite the positive growth, the country faces challenges with a rising cost of living and housing crisis impacting living standards. Analysts also critique the slow GDP per capita growth which has only increased by around 4% since 2007.
(With inputs from agencies.)
- READ MORE ON:
- Spain
- economy
- growth
- tourism
- agriculture
- exports
- GDP
- Eurozone
- unemployment
- forecast
ALSO READ
Corruption Allegations Shake Maharashtra's Agriculture Sector
Activist Uncovers Major Financial Scandal in Maharashtra's Agriculture Department
China Tightens Grip on Critical Metal Exports Amid U.S. Trade Tensions
Scandal Unveiled: Allegations of Rs 88 Crore Scam in Maharashtra's Agriculture Department
South Africa Resumes Apple Exports to Thailand After 16-Year Hiatus