In 2023, household expenditure on transportation in Spain stood at 91.95 billion Euros. Forecasts indicate a steady increase in expenditure over the coming years: 94.07 billion Euros in 2024, 96.28 billion Euros in 2025, 98.46 billion Euros in 2026, 100.63 billion Euros in 2027, and 102.77 billion Euros in 2028. This reflects a year-on-year increase of approximately 2.4% from 2024 to 2025, 2.3% from 2025 to 2026, 2.2% from 2026 to 2027, and 2.1% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is projected to be around 2.3%.
Future trends to watch for include changes in government policies regarding sustainable transportation, economic factors affecting consumer spending, advancements in electric vehicle technology, and potential shifts in urban and rural transportation needs. Monitoring these factors will provide insight into how household transportation expenditure might evolve beyond 2028.
