The Spanish economy accelerated its pace of advance in the final quarter of the year, closing 2025 with 2.8% growth, double the figure expected for the Eurozone as a whole. This result, published by the National Statistics Institute (INE), positions Spain as the leader among developed economies for the second consecutive year.
The Gross Domestic Product (GDP) increased by 0.8% in the fourth quarter compared to the third, the largest quarterly registration of the entire year, driven mainly by domestic demand, which contributed one point to growth, while the external sector subtracted two tenths.
The consumption engine strengthened throughout the year, with household spending growing 3.4% in 2025, supported by «record» job creation. The improvement in the labor market was crucial, as the unemployment rate fell below 10% at the close of 2025 for the first time since 2008, according to the Active Population Survey (EPA).
This momentum was supplemented by the recovery of purchasing power, with salary increases above inflation causing real family income to advance 1.5%. On the investment side, growth also gained traction, standing at 6.3% in 2025, highlighting the increase in construction (+5.2%) and the strong rebound in equipment goods (+9%).
This evolution would be linked to a modernization of the productive model favored by public policies and the Recovery Plan.
The strength of the year leaves a favorable starting base for 2026, with an inertia that raises the GDP starting point to 1.1%. In parallel, productivity per hour worked increased by 0.7% in 2025, a figure that the Ministry of Economy links to the modernization of the productive model.
