Inflation, GDP deflator: linked series in Spain

Spain: Inflation, GDP deflator: linked series was 2.9% in 2025. ◆ Volatile

Latest (2025)
2.9%
Change on year
up 0.8%
World rank
122nd
of 212 countries
All-time high
7.3%
in 1990
All-time low
-0.2%
in 2014
Years of data
36
1990–2025

Inflation, GDP deflator: linked series in Spain, 1990–2025

024681990200720251990: 7.3 annual %1991: 6.9 annual %1992: 6.7 annual %1993: 4.5 annual %1994: 3.9 annual %1995: 4.9 annual %1996: 3.5 annual %1997: 2.5 annual %1998: 2.6 annual %1999: 2.6 annual %2000: 3.4 annual %2001: 4.2 annual %2002: 4.1 annual %2003: 4 annual %2004: 3.9 annual %2005: 4.2 annual %2006: 4.1 annual %2007: 3.6 annual %2008: 2.5 annual %2009: 0.231 annual %2010: 0.293 annual %2011: -0.146 annual %2012: -0.203 annual %2013: 0.438 annual %2014: -0.221 annual %2015: 0.552 annual %2016: 0.372 annual %2017: 1.3 annual %2018: 1.2 annual %2019: 1.4 annual %2020: 1.1 annual %2021: 2.6 annual %2022: 4.7 annual %2023: 6.2 annual %2024: 2.9 annual %2025: 2.9 annual %

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 122nd of 212 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

Annual values for Inflation, GDP deflator: linked series (annual %) in Spain, 1990 to 2025.
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%

Averages by decade

DecadeAverage LowestHighest 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

  1. 119 Lesotho 3.0% compare
  2. 120 Antigua and Barbuda 3.0% compare
  3. 121 Tonga 3.0% compare
  4. 123 Poland 2.9% compare
  5. 124 Cameroon 2.8% compare
  6. 125 Kosovo 2.8% compare

See the full ranking of 213 places →

More financial sector data for Spain

All data for Spain →

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 122nd out of 212 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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Inflation, GDP deflator: linked series in Spain. Statizoid, drawing on Staff estimates, World Bank (WB). Retrieved 23 August 2026, from https://financial-sector.statizoid.com/stat/inflation-gdp-deflator-linked-series-annual-percent/spain/

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About this data

Indicator
Inflation, GDP deflator: linked series (annual %)
Unit
annual %
Source
Staff estimates, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
213 places, 7,277 data points, 1990–2025
Last refreshed

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.