Spain’s Economic Growth Revised Up to 3.5% for 2024

Spain’s National Statistics Institute has revised the country’s 2024 GDP growth upward to 3.5%, an encouraging signal of resilience and momentum within the eurozone’s fourth-largest economy. The adjustment, up from the initial 3.2%, reflects stronger-than-expected private sector performance, underpinned by robust exports and healthy savings patterns.

The revision places Spain well ahead of its European peers. Germany’s 2025 forecast currently hovers at just 0.2% growth, while France is expected to expand by 0.6%. By contrast, Spain’s government has raised its 2025 projection to 2.7%, reinforcing a narrative of steady recovery and expanding investor confidence.

Earlier data was also recalibrated: growth in 2023 has been adjusted slightly down to 2.5% from 2.7%, while 2022 figures were lifted to 6.4% from 6.2%. Taken together, the trajectory shows that Spain continues to outpace its neighbours, even as the wider eurozone grapples with sluggish expansion.

Adding weight to the optimistic outlook, S&P Global recently upgraded Spain’s long-term sovereign credit rating to A+, citing the strength of private sector-driven improvements in external balances. This recognition highlights the stability underpinning the economy and positions Spain as one of Europe’s more dynamic markets entering the mid-2020s.

For investors and buyers on the Costa del Sol, the implications are clear. Stronger GDP growth typically supports consumer confidence, inward investment, and real estate activity. The backdrop of economic resilience enhances Marbella’s appeal not only as a lifestyle destination but as a secure long-term market for property acquisitions.

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Exceptional three bedroom apartment situated in a highly sought-after community  La Carolina Park, on Marbella’s Golden Mile
La Carolina – Marbella Golden Mile · 5683MLA

Exceptional three bedroom apartment situated in a highly sought-after community La Carolina Park, on Marbella’s Golden Mile

  • 3 beds
  • 2 baths
  • Interior: 72 m²
€565,000
Three-bedroom townhouse with views in the best residential area of Nagueles
Montepiedra – Marbella Golden Mile · JUST-V2325

Three-bedroom townhouse with views in the best residential area of Nagueles

  • 3 beds
  • 3 baths
€680,000
Fully renovated two bedroom, ground floor apartment in the well-known and gated community Marbella Real
Marbella Real – Marbella Golden Mile · 4623MLGF

Fully renovated two bedroom, ground floor apartment in the well-known and gated community Marbella Real

  • 2 beds
  • 2 baths
  • Interior: 94 m²
€695,000
THE CAPRICHO - _ -Zona Guadalpin – Marbella – Golden Mile
La Carolina – Marbella Golden Mile · 318-02086MAR

THE CAPRICHO – _ -Zona Guadalpin – Marbella – Golden Mile

  • 2 beds
  • 2 baths
€710,000
Fantastic 3 beds apartment on The Golden Mile
Coto Real – Marbella Golden Mile · JUST-V2316

Fantastic 3 beds apartment on The Golden Mile

  • 3 beds
  • 3 baths
€725,000
Three bedroom, south facing duplex penthouse with sea views, located in the sought-after community of Pinos de Nagüeles, on Marbella's Golden Mile
Los Pinos de Nagüeles – Marbella Golden Mile · 5610MLPH

Three bedroom, south facing duplex penthouse with sea views, located in the sought-after community of Pinos de Nagüeles, on Marbella’s Golden Mile

  • 3 beds
  • 3 baths
  • Interior: 110 m²
€750,000
Three-bedroom townhouse in a Mediterranean village-style community in Nagules
Montepiedra – Marbella Golden Mile · JUST-V2333

Three-bedroom townhouse in a Mediterranean village-style community in Nagules

  • 3 beds
  • 3 baths
€795,000
Charming south facing, three bedroom townhouse located in the sought-after gated community of El Capricho on Marbella’s Golden Mile
El Capricho – Marbella Golden Mile · 5681MLTH

Charming south facing, three bedroom townhouse located in the sought-after gated community of El Capricho on Marbella’s Golden Mile

  • 3 beds
  • 3 baths
  • Interior: 176 m²
€880,000
Stunning apartment on The Golden Mile, direct access to to the beach
Jardín del Mediterráneo – Marbella Golden Mile · JUST-V2302

Stunning apartment on The Golden Mile, direct access to to the beach

  • 2 beds
  • 2 baths
€895,000
New Apartment on Marbella Golden Mile Beachfront
Alhambra del Mar – Marbella Golden Mile · A-23236-D

New Apartment on Marbella Golden Mile Beachfront

  • 1 Bed
  • 1 Bath
  • Interior: 66 m²
€895,000
Spectacular double apartment with 5 bedrooms for sale in Nagüeles, Marbella
Single Homes Nagüeles – Marbella Golden Mile · COL-00628P

Spectacular double apartment with 5 bedrooms for sale in Nagüeles, Marbella

  • 5 beds
  • 3 baths
€940,000

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