Inflation, GDP deflator: linked series (annual %) in Spain
Spain: Inflation, GDP deflator: linked series was 2.9% in 2025. ◆ Volatile
Inflation, GDP deflator: linked series in Spain, 1990–2025
Source: Staff estimates, World Bank (WB). Measured in annual %.
Analysis
In 2025, inflation, gdp deflator: linked series in Spain stood at 2.9%.
Compared with earlier readings it is up 0.8% on the previous year and up 427.6% over ten years.
Over the whole period, inflation, gdp deflator: linked series in Spain peaked at 7.3% in 1990 and was at its lowest, -0.2%, in 2014.
Spain ranks 123rd of 214 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.
Inflation, GDP deflator: linked series in Spain, year by year
| Year | annual % | Change |
|---|---|---|
| 1990 | 7.3% | — |
| 1991 | 6.9% | -5.3% |
| 1992 | 6.7% | -3.2% |
| 1993 | 4.5% | -32.4% |
| 1994 | 3.9% | -14.5% |
| 1995 | 4.9% | +27.1% |
| 1996 | 3.5% | -28.4% |
| 1997 | 2.5% | -30.2% |
| 1998 | 2.6% | +6.9% |
| 1999 | 2.6% | -0.6% |
| 2000 | 3.4% | +30.3% |
| 2001 | 4.2% | +22.0% |
| 2002 | 4.1% | -1.7% |
| 2003 | 4.0% | -2.1% |
| 2004 | 3.9% | -2.3% |
| 2005 | 4.2% | +7.7% |
| 2006 | 4.1% | -3.3% |
| 2007 | 3.6% | -12.6% |
| 2008 | 2.5% | -31.1% |
| 2009 | 0.2% | -90.6% |
| 2010 | 0.3% | +26.6% |
| 2011 | -0.1% | -149.8% |
| 2012 | -0.2% | +39.0% |
| 2013 | 0.4% | -315.9% |
| 2014 | -0.2% | -150.4% |
| 2015 | 0.6% | -350.3% |
| 2016 | 0.4% | -32.6% |
| 2017 | 1.3% | +238.0% |
| 2018 | 1.2% | -5.6% |
| 2019 | 1.4% | +20.3% |
| 2020 | 1.1% | -20.6% |
| 2021 | 2.6% | +125.4% |
| 2022 | 4.7% | +83.6% |
| 2023 | 6.2% | +33.1% |
| 2024 | 2.9% | -53.7% |
| 2025 | 2.9% | +0.8% |
Spain compared with similar countries
- Spain's 2.9% is above the median for high income countries, which is 2.6%, 1.1× the median. (82 countries reporting)
- Spain's 2.9% is below the median for Europe & Central Asia, which is 3.5%, 84% of the median. (56 countries reporting)
Biggest year-on-year movements
Years where Inflation, GDP deflator: linked series in Spain changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | +350.3% | -0.2% | 0.6% |
| 2013 | +315.9% | -0.2% | 0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.6% | 2.5% | 7.3% | 10 |
| 2000s | 3.4% | 0.2% | 4.2% | 10 |
| 2010s | 0.5% | -0.2% | 1.4% | 10 |
| 2020s | 3.4% | 1.1% | 6.2% | 6 |
Countries ranked near Spain
More financial sector data for Spain
- Reserve position in the IMF, US dollar, annual growth rate 13.53 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 69.18 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 8.11 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 50.52 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.53 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 69.18 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 8.11 % change on previous year (2025)
Frequently asked questions
- What is inflation, gdp deflator: linked series in Spain?
- Inflation, gdp deflator: linked series in Spain was 2.9% in 2025, according to Staff estimates, World Bank (WB).
- What is the highest inflation, gdp deflator: linked series recorded in Spain?
- The highest recorded value was 7.3% in 1990.
- What is the lowest inflation, gdp deflator: linked series recorded in Spain?
- The lowest recorded value was -0.2% in 2014.
- How does Spain rank for inflation, gdp deflator: linked series?
- Spain ranks 123rd out of 214 countries with data for 2025.
- Is inflation, gdp deflator: linked series rising or falling in Spain?
- Over the last ten years it is up 427.6%. The long-run trend across the full record is volatile.
- Where does this Spain data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Inflation, GDP deflator: linked series (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.