FX.co ★ Spain’s GDP Growth Eases to 2.6% in Q4 2025, Signaling Mild Loss of Momentum

Spain’s economy expanded by 2.6% year-over-year in the fourth quarter of 2025, a slight deceleration from the 2.8% annual growth recorded in the third quarter of 2025. The updated figures, released on 30 January 2026, indicate that while the country remains on a solid growth path, the pace of expansion is cooling modestly.

The data compare each quarter’s performance with the same period a year earlier, highlighting a gradual easing rather than an abrupt shift in Spain’s growth trajectory. The slowdown from 2.8% to 2.6% suggests that although underlying economic activity remains resilient, some headwinds are beginning to weigh more visibly on overall output as 2025 comes to a close.