The national railway passenger traffic in Spain fluctuated over the years, with a noticeable decline during 2020 due to the COVID-19 pandemic. Passenger traffic stood at 25.52 billion passenger kilometers in 2023. The data shows a recovery trend post-2020, with notable year-on-year variations like a 61% increase in 2022 compared to a 5.54% decrease in 2023. The compound annual growth rate (CAGR) for the last five years is -1.6%. Forecasts for the period from 2024 to 2028 indicate a gradual growth with a five-year CAGR of 0.71% and a total growth rate of 3.6%.
Future trends to watch for:
- The potential impact of economic changes on passenger traffic.- Technological advancements improving railway efficiency and attractiveness.- Environmental policies favoring public transport over private vehicles.- Emerging competition from other modes of transportation.- Ongoing recovery from the pandemic and adapting infrastructure to new passenger demands.
