Spain Government Budget
-2.5%▲ +0.72 pt
Dec 2025 · Annual
Spain's budget deficit narrowed to 2.5% of GDP in 2025 from 3.2% in 2024, improving for the second consecutive year. The deficit remains far from the all-time high of a surplus of 2.1% recorded in 2006 and the low of a deficit of 11.5% in 2012. Data are available since 1980.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| -2.5% | -3.2% | 2.1%Dec 2006 | -11.5%Dec 2012 | 1980 – 2025 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Government Debt to GDP | 100.4% | 101.6% | 119.2% | 16.1% | Dec 2025 | Annual |
| Tax Revenue to GDP | 14.9% | 15.0% | 16.7% | 8.6% | Dec 2024 | Annual |
About this series
Government Budget in Spain averaged -4.2% from 1980 until 2025, reaching an all-time high of 2.1% in Dec 2006 and a record low of -11.5% in Dec 2012. The series is reported yearly with history from 1980.
The budget balance measures the difference between government revenues and expenditures as a percentage of gross domestic product (GDP). A negative value indicates a deficit, while a positive value represents a surplus. The series is reported annually since 1980.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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