Key Market Indicators
Spain's transportation expenditure is projected to hit approximately €101.9 billion by 2028, up from around €91.3 billion in 2023. This represents a compound annual growth rate (CAGR) of 1.8%. Despite this growth, Spanish demand for transportation has seen a slight annual decrease of 0.1% since 2000. In 2023, Spain ranked fifth in transportation expenditure, with Italy surpassing it at €91.3 billion. The United Kingdom, France, and Italy were the second, third, and fourth highest spenders, respectively. On the revenue side, Spain's transportation sector is anticipated to reach €58.4 billion by 2028, up from €54.2 billion in 2023. This marks an average annual growth rate of 1.2%. Since 1985, the Spanish market has experienced a 1.6% annual increase in revenue. In 2023, Spain ranked fourth in transportation revenue, with Italy again overtaking it at €54.2 billion. France, Italy, and Spain held the second, third, and fourth positions, respectively, in this ranking.
