Spain GDP Deflator
Inflation as measured by annual growth rate of GDP implicit deflator NY.GDP.DEFL.KD.ZG
Spain's gdp deflator was 5.67% in 2025, ranked 107th globally. This represents a 95.9% increase from 2024. Data from World Bank, covering 1961–2025.
Overview
Spain's gdp deflator stood at 5.67% in 2025, a rise of +2.77pp from 2024. Based on recent trends, this figure is projected to reach 5.67% by 2025. Spain ranked 107th globally.
Spain’s GDP deflator stood at 5.67% in 2025, ranking 107th globally, a level closely aligned with peers such as Sweden at 5.54% and Peru at 5.70%. Over the 65-year period from 1961 to 2025, inflation pressures have varied significantly, with the earliest recorded value at 2.47% and a historical peak reaching 23.38% in 1977 amid the global energy crises and economic restructuring. The lowest point occurred in 2014, when the deflator fell to -0.22%, reflecting weak domestic demand and deflationary pressures during the aftermath of the financial crisis. The 2025 rate suggests continued inflationary momentum, likely influenced by post-pandemic recovery dynamics, energy price fluctuations, and fiscal policy responses. While the current reading is far below the 1977 high, it exceeds the long-term average trend, indicating persistent upward price pressure across the economy. Should energy markets stabilize and monetary policy maintain a restrictive stance, the trajectory may moderate in the coming years, though structural reforms and external shocks will be critical determinants of future inflation trends.
Data & projection
| Year | GDP Deflator | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 7.11% | - | - |
| 2026* trend | 6.39% | - | - |
| 2025* trend | 5.67% | - | - |
| 2025 | 5.67% | +2.77pp | #107 |
| 2024 | 2.89% | −3.35pp | #67 |
| 2023 | 6.25% | +1.55pp | #121 |
| 2022 | 4.69% | +2.14pp | #55 |
| 2021 | 2.56% | +1.42pp | #53 |
| 2020 | 1.13% | −0.29pp | #80 |
| 2019 | 1.43% | +0.24pp | #77 |
| 2018 | 1.19% | −0.07pp | #45 |
| 2017 | 1.26% | +0.89pp | #46 |
| 2016 | 0.37% | −0.18pp | #46 |
| 2015 | 0.55% | +0.77pp | #56 |
| 2014 | -0.22% | −0.66pp | #33 |
| 2013 | 0.44% | +0.64pp | #42 |
| 2012 | -0.20% | −0.06pp | #13 |
| 2011 | -0.15% | −0.44pp | #15 |
Detected Pattern
Analysis
Spain matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw gdp deflator improve within 24 months. View full analysis →
Frequently Asked Questions
Spain's gdp deflator was 5.67% in 2025. Ranked 107th globally. This represents a 95.9% increase from the previous year.
Spain's gdp deflator peaked at 23.38% in 1977.
The lowest gdp deflator in Spain was -0.22% in 2014.
Spain ranks 107th globally in gdp deflator as of 2025.
The World Bank indicator code is NY.GDP.DEFL.KD.ZG. Data sourced from World Bank.
Spain's gdp deflator is projected to reach 5.67% by 2025 based on trend extrapolation.
The gdp deflator of Spain in 2025 was 5.67%. This ranks 107th in the world.
Cite this page
@misc{historysaid_spain_gdp-deflator,
title = {Spain GDP Deflator},
url = {https://historysaid.com/spain/gdp-deflator/},
publisher = {HistorySaid},
year = {2026}
}