
Spain’s Economic Forecast 2025: What Analysts Expect
As we move through 2025, Spain’s economy is showing signs of resilience, even amid global uncertainty. The labor market remains tight, with unemployment steadily decreasing thanks to reforms introduced over the past three years.
Inflation, once a pressing concern post-pandemic, has now stabilized near the 2.2% mark. Energy price volatility has declined, largely due to diversified imports and improved EU-wide infrastructure.
GDP growth is expected to hover around 1.7%, slightly below the eurozone average, but more stable than forecasted during the previous year’s Q4. Consumer sentiment remains cautious, although retail spending is slowly rebounding.
Tourism continues to be a strong pillar of the economy, while the construction and green energy sectors are benefiting from EU funding. The primary risks on the horizon include export slowdowns and real estate overvaluation in urban centers.
In conclusion, analysts are cautiously optimistic — with most calling 2025 a "rebalancing year" for Spain rather than one of aggressive expansion.