The composition of Spain’s GDP highlights a predominant contribution from the services sector, accounting for 45.96% in 2023. This is followed by wholesale, retail trade, restaurants, and hotels at 18.69%. Mining, manufacturing, and utilities sectors contribute 17.85%, whereas transport, storage, and communication stand at 9.1%. Construction is at 5.62%, and agriculture, hunting, forestry, and fishing represent 2.77%.
From 2022 to 2023, the services sector showed moderate growth, continuing to drive the economy. Wholesale and retail sectors, along with hospitality, maintained their significance amid recovery post-pandemic, while consistent performance in mining and manufacturing was noted. Construction experienced slight fluctuations, impacting its economic share.
Over the last five years, a steady CAGR was observed in technology-driven transport and communication services, overshadowing slower growth in traditional agriculture and construction sectors. This indicates a structural shift towards a more service-oriented economy in Spain.
Future trends suggest increased digitalization in services and transport will further escalate, whereas stability in retail may come from adapting to e-commerce. Sustainability practices in agriculture and construction might introduce gradual but significant changes in these sectors.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 45.96 | 2016 | |
| 2 | 2 Wholesale, retail trade, restaurants and hotels | 18.69 | 2016 | |
| 3 | 3 Mining, Manufacturing, Utilities | 17.85 | 2016 | |
| 4 | 4 Transport, storage and communication | 9.1 | 2016 | |
| 5 | 5 Construction | 5.62 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 2.77 | 2016 |
