Goods and services expense in Spain
Spain: Goods and services expense was 14.51 billion current LCU in 2024. ◆ Volatile
Latest (2024)
14.51 billion current LCU
Change on year
down 1.6%
World rank
93rd
of 155 countries
All-time high
14.75 billion current LCU
in 2023
All-time low
648.49 million current LCU
in 1972
Years of data
53
1972–2024
Goods and services expense in Spain, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Spain recorded 14.51 billion current LCU for goods and services expense in 2024.
That represents a change of down 1.6% on the previous year and up 57.9% over ten years.
Over the whole period, goods and services expense in Spain peaked at 14.75 billion current LCU in 2023 and was at its lowest, 648.49 million current LCU, in 1972.
Spain ranks 93rd of 155 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Goods and services expense in Spain, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 648.49 million current LCU | — |
| 1973 | 848.03 million current LCU | +30.8% |
| 1974 | 1.02 billion current LCU | +19.8% |
| 1975 | 1.26 billion current LCU | +24.3% |
| 1976 | 1.46 billion current LCU | +15.9% |
| 1977 | 1.82 billion current LCU | +24.4% |
| 1978 | 2.46 billion current LCU | +35.3% |
| 1979 | 1.84 billion current LCU | -25.3% |
| 1980 | 2.01 billion current LCU | +9.2% |
| 1981 | 2.15 billion current LCU | +6.9% |
| 1982 | 2.72 billion current LCU | +26.5% |
| 1983 | 3.14 billion current LCU | +15.5% |
| 1984 | 3.64 billion current LCU | +15.8% |
| 1985 | 3.90 billion current LCU | +7.3% |
| 1986 | 4.78 billion current LCU | +22.6% |
| 1987 | 6.31 billion current LCU | +31.8% |
| 1988 | 6.11 billion current LCU | -3.2% |
| 1989 | 7.54 billion current LCU | +23.5% |
| 1990 | 5.50 billion current LCU | -27.0% |
| 1991 | 6.11 billion current LCU | +11.1% |
| 1992 | 7.05 billion current LCU | +15.3% |
| 1993 | 8.51 billion current LCU | +20.6% |
| 1994 | 8.16 billion current LCU | -4.1% |
| 1995 | 6.82 billion current LCU | -16.5% |
| 1996 | 6.25 billion current LCU | -8.3% |
| 1997 | 6.50 billion current LCU | +3.9% |
| 1998 | 6.56 billion current LCU | +0.9% |
| 1999 | 6.95 billion current LCU | +5.9% |
| 2000 | 7.34 billion current LCU | +5.7% |
| 2001 | 7.92 billion current LCU | +7.8% |
| 2002 | 7.00 billion current LCU | -11.5% |
| 2003 | 6.95 billion current LCU | -0.8% |
| 2004 | 7.27 billion current LCU | +4.6% |
| 2005 | 7.45 billion current LCU | +2.5% |
| 2006 | 7.87 billion current LCU | +5.6% |
| 2007 | 9.26 billion current LCU | +17.6% |
| 2008 | 9.97 billion current LCU | +7.6% |
| 2009 | 10.10 billion current LCU | +1.3% |
| 2010 | 9.78 billion current LCU | -3.1% |
| 2011 | 9.85 billion current LCU | +0.6% |
| 2012 | 9.33 billion current LCU | -5.2% |
| 2013 | 9.41 billion current LCU | +0.8% |
| 2014 | 9.19 billion current LCU | -2.3% |
| 2015 | 9.38 billion current LCU | +2.1% |
| 2016 | 9.99 billion current LCU | +6.5% |
| 2017 | 9.05 billion current LCU | -9.4% |
| 2018 | 9.29 billion current LCU | +2.7% |
| 2019 | 10.21 billion current LCU | +9.8% |
| 2020 | 9.33 billion current LCU | -8.6% |
| 2021 | 9.97 billion current LCU | +6.9% |
| 2022 | 12.49 billion current LCU | +25.2% |
| 2023 | 14.75 billion current LCU | +18.1% |
| 2024 | 14.51 billion current LCU | -1.6% |
Spain compared with similar countries
- Spain's 14.51 billion current LCU is above the median for high income countries, which is 14.51 billion current LCU, 1.0× the median. (57 countries reporting)
- Spain's 14.51 billion current LCU is below the median for Europe & Central Asia, which is 16.59 billion current LCU, 87% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.42 billion current LCU | 648.49 million current LCU | 2.46 billion current LCU | 8 |
| 1980s | 4.23 billion current LCU | 2.01 billion current LCU | 7.54 billion current LCU | 10 |
| 1990s | 6.84 billion current LCU | 5.50 billion current LCU | 8.51 billion current LCU | 10 |
| 2000s | 8.11 billion current LCU | 6.95 billion current LCU | 10.10 billion current LCU | 10 |
| 2010s | 9.55 billion current LCU | 9.05 billion current LCU | 10.21 billion current LCU | 10 |
| 2020s | 12.21 billion current LCU | 9.33 billion current LCU | 14.75 billion current LCU | 5 |
Countries ranked near Spain
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Frequently asked questions
- What is goods and services expense in Spain?
- Goods and services expense in Spain was 14.51 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Spain?
- The highest recorded value was 14.75 billion current LCU in 2023.
- What is the lowest goods and services expense recorded in Spain?
- The lowest recorded value was 648.49 million current LCU in 1972.
- How does Spain rank for goods and services expense?
- Spain ranks 93rd out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Spain?
- Over the last ten years it is up 57.9%. The long-run trend across the full record is volatile.
- Where does this Spain data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.