Spain 2025: GDP Growth Near 2.5%

France 0.6%, Italy 0.7%, Germany ~0%: Spain leads the euro area.

Spain is still outrunning the euro area. Growth near 2.5% for 2025 while France hangs around 0.6%, Italy 0.7%, Germany near zero.

Q2 2025 came in at +0.7% quarter-on-quarter. Germany and Italy both printed −0.1%.

Two years at the front of the advanced-economy pack says this isn't a fluke.

Tourism is big at roughly 12% of GDP, close to 3 million jobs in 2024, payrolls up 9.7% year over year.

But here's the shift most people miss: non-tourism services now export about as much as tourism itself. Roughly €100 billion versus ~€95 billion.