
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. 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 2021 was between 339.3 billion and 1.69 trillion USD. The highest level of the last years at 1.7 trillion US Dollar was reached in 2021. The budget deficit in the same year was 98.0 billion USD.
Based on the number of inhabitants, this is a debt of 35,600 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,695 USD.
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Gross debt of the last 23 years in billion USD
Year | Spain total | Spain per capita | EU per capita |
---|---|---|---|
1998 | 384.53 bn USD | 9,560 USD | 14,079 USD |
1999 | 385.35 bn USD | 9,541 USD | 14,032 USD |
2000 | 345.94 bn USD | 8,527 USD | 11,232 USD |
2001 | 339.33 bn USD | 8,307 USD | 11,255 USD |
2002 | 363.25 bn USD | 8,767 USD | 12,258 USD |
2003 | 433.00 bn USD | 10,264 USD | 15,286 USD |
2004 | 484.98 bn USD | 11,299 USD | 17,595 USD |
2005 | 489.53 bn USD | 11,214 USD | 18,327 USD |
2006 | 492.36 bn USD | 11,090 USD | 18,877 USD |
2007 | 527.18 bn USD | 11,656 USD | 20,898 USD |
2008 | 648.07 bn USD | 14,102 USD | 24,086 USD |
2009 | 794.39 bn USD | 17,134 USD | 25,361 USD |
2010 | 860.58 bn USD | 18,477 USD | 26,496 USD |
2011 | 1,034.32 bn USD | 22,128 USD | 29,231 USD |
2012 | 1,192.05 bn USD | 25,486 USD | 28,174 USD |
2013 | 1,362.17 bn USD | 29,219 USD | 29,981 USD |
2014 | 1,441.22 bn USD | 31,007 USD | 30,648 USD |
2015 | 1,235.61 bn USD | 26,604 USD | 25,918 USD |
2016 | 1,267.46 bn USD | 27,266 USD | 26,261 USD |
2017 | 1,336.90 bn USD | 28,693 USD | 27,024 USD |
2018 | 1,427.66 bn USD | 30,507 USD | 28,448 USD |
2019 | 1,369.54 bn USD | 29,056 USD | 27,168 USD |
2020 | 1,537.15 bn USD | 32,453 USD | 30,783 USD |
2021 | 1,687.99 bn USD | 35,600 USD | 33,695 USD |
Comparison of gross debt per capita with the European Union in U.S. dollars
Budget deficit in Spain

The budget balance in Spain in the period between 1998 and 2021 varied between -168.18 billion euros and +28.50 billion euros. In 2021, Spain reached a balance of -98 billion euros.
In ratio to population, this equals a new indebtedness of 2,066 euros per capita in Spain in 2021. For comparison, the average debt per capita in the European Union in the same year was 1,787 euros.
Budget deficit and surplus in the last 23 years
Year | Spain total | Spain per capita | EU per capita |
---|---|---|---|
1998 | -19.19 bn USD | -477 USD | -398 USD |
1999 | -8.80 bn USD | -218 USD | -204 USD |
2000 | -5.45 bn USD | -134 USD | 112 USD |
2001 | -3.26 bn USD | -80 USD | -299 USD |
2002 | -2.16 bn USD | -52 USD | -565 USD |
2003 | -2.74 bn USD | -65 USD | -840 USD |
2004 | -0.45 bn USD | -11 USD | -920 USD |
2005 | 13.97 bn USD | 320 USD | -822 USD |
2006 | 27.84 bn USD | 627 USD | -568 USD |
2007 | 28.50 bn USD | 630 USD | -360 USD |
2008 | -74.62 bn USD | -1,624 USD | -1,085 USD |
2009 | -168.18 bn USD | -3,627 USD | -2,021 USD |
2010 | -135.48 bn USD | -2,909 USD | -1,970 USD |
2011 | -144.22 bn USD | -3,085 USD | -1,462 USD |
2012 | -153.02 bn USD | -3,272 USD | -1,220 USD |
2013 | -102.05 bn USD | -2,189 USD | -1,027 USD |
2014 | -83.82 bn USD | -1,803 USD | -852 USD |
2015 | -63.50 bn USD | -1,367 USD | -577 USD |
2016 | -53.01 bn USD | -1,140 USD | -423 USD |
2017 | -40.73 bn USD | -874 USD | -263 USD |
2018 | -36.88 bn USD | -788 USD | -139 USD |
2019 | -42.67 bn USD | -905 USD | -197 USD |
2020 | -131.58 bn USD | -2,778 USD | -2,312 USD |
2021 | -97.95 bn USD | -2,066 USD | -1,787 USD |
(negative numbers = deficit)