Part 3/8:
These robust numbers come even as Spain deals with the aftereffects of catastrophic flash floods in October, which the central bank estimates detracted 0.2 percentage points from the country’s overall GDP. The data suggests that since 2008, Spain has outperformed Germany in aggregate GDP growth, manifesting a significant turnaround that few would have predicted a decade ago.
Projected Growth and Challenges Ahead
The upward trajectory is not expected to slow down soon. The European Commission forecasts 2.3% growth in 2025 and 2.1% in 2026 for Spain, again positioning the country ahead of the EU average and its European peers.