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Gross debt in Spain

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. On the other hand not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Spain in the period from 1998 to 2020 was between 339.3 billion and 1,537.2 billion USD. The highest level of the last years at 1,537 billion US Dollar was reached in 2020. The budget deficit in the same year was 140.4 billion USD.

Based on the number of inhabitants, this is in Spain a debt of 32,463 USD per person. For comparison: The average debt per person in the same year in the European Union was 30,780 USD.


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Gross debt of the last 22 years in billion USD




YearSpain totalSpain per capitaEU per capita
1998384.53 bn USD9,560 USD12,387 USD
1999385.35 bn USD9,541 USD12,342 USD
2000345.94 bn USD8,527 USD9,877 USD
2001339.33 bn USD8,307 USD9,894 USD
2002363.25 bn USD8,767 USD10,773 USD
2003433.00 bn USD10,264 USD13,433 USD
2004484.98 bn USD11,299 USD15,459 USD
2005489.53 bn USD11,214 USD16,095 USD
2006492.36 bn USD11,090 USD16,570 USD
2007527.18 bn USD11,656 USD18,334 USD
2008648.07 bn USD14,102 USD21,119 USD
2009794.39 bn USD17,134 USD22,222 USD
2010860.58 bn USD18,477 USD26,496 USD
20111,034.32 bn USD22,128 USD29,231 USD
20121,143.36 bn USD24,445 USD28,064 USD
20131,297.97 bn USD27,841 USD29,836 USD
20141,380.83 bn USD29,707 USD30,512 USD
20151,187.25 bn USD25,563 USD25,813 USD
20161,222.63 bn USD26,302 USD26,165 USD
20171,293.62 bn USD27,764 USD26,931 USD
20181,385.73 bn USD29,611 USD28,362 USD
20191,330.91 bn USD28,237 USD27,095 USD
20201,537.15 bn USD32,463 USD30,780 USD


Comparison of the gross debt per capita with the European Union in Euro



      Spain       European Union


Budget deficit in Spain

The budget deficit of a country is the result of all its claims and liabilities. This includes incomes and expenses, repayments and building of new debts in other countries, but also domestic positions of the government, such as social insurances, local authorities and communities. It is the financial balance of the economic accounts. In simple terms: If a country at the end of the year has more money, than at at the beginning, it is a surplus - it is less, it is called deficit.

The budget balance in Spain in the period between 1998 and 2020 varied between -168.18 bn Euro and +28.50 bn Euro. In 2020 was reached a balance of -140 bn Euro.

In ratio to population, this equals a new indebtedness of 2,965 Euro per capita in Spain only in 2020. For comparison, the average debt per capita in the European Union was in the same year at 2,353 Euro.


Budget deficit and surplus in the last 22 years

YearSpain totalSpain per capitaEU per capita
1998-19.19 bn USD-477 USD-350 USD
1999-8.80 bn USD-218 USD-180 USD
2000-5.45 bn USD-134 USD98 USD
2001-3.26 bn USD-80 USD-263 USD
2002-2.16 bn USD-52 USD-496 USD
2003-2.74 bn USD-65 USD-738 USD
2004-0.45 bn USD-11 USD-808 USD
200513.97 bn USD320 USD-722 USD
200627.84 bn USD627 USD-499 USD
200728.50 bn USD630 USD-315 USD
2008-74.62 bn USD-1,624 USD-951 USD
2009-168.18 bn USD-3,627 USD-1,771 USD
2010-135.48 bn USD-2,909 USD-1,970 USD
2011-144.22 bn USD-3,085 USD-1,462 USD
2012-142.22 bn USD-3,041 USD-1,196 USD
2013-95.35 bn USD-2,045 USD-1,012 USD
2014-81.11 bn USD-1,745 USD-846 USD
2015-61.89 bn USD-1,333 USD-573 USD
2016-53.08 bn USD-1,142 USD-423 USD
2017-39.85 bn USD-855 USD-261 USD
2018-35.48 bn USD-758 USD-136 USD
2019-40.04 bn USD-849 USD-192 USD
2020-140.38 bn USD-2,965 USD-2,353 USD


(negative numbers = deficit)
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