Spain: Trade openness

* indicates monthly or quarterly data series
 Spain

Trade openness: exports plus imports as percent of GDP

 Latest value 80.54
 Year 2022
 Measure percent
 Data availability 1970 - 2022
 Average 46.74
 Min - Max 25.82 - 80.54
 Source The World Bank
For that indicator, we provide data for Spain from 1970 to 2022. The average value for Spain during that period was 46.74 percent with a minimum of 25.82 percent in 1970 and a maximum of 80.54 percent in 2022. The latest value from 2022 is 80.54 percent. For comparison, the world average in 2022 based on 148 countries is 100.81 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Spain - Trade openness - Recent values chart

Historical chart
Spain - Trade openness - historical chart - 1970-2022




Definition: Exports plus imports as percent of GDP.


 Related indicators Latest value Reference Measure
 Terms of trade 98.39 2021 percent
 Trade openness 80.54 2022 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 40.87 2022 percent
 Exports, billion dollars 579.51 2022 billion U.S. dollars
 Growth of exports 15.15 2022 percent
 Imports, percent of GDP 39.66 2022 percent
 Imports, billion dollars 562.33 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 3.63 2022 percent
 Foreign Direct Investment, billion dollars 42.29 2022 billion U.S. dollars
 Portfolio investment inflows, equities -5,726.31 2022 million dollars (current)
 Current account, percent of GDP 2.60 2023 percent
 Current account, in dollars 8.10 2022 billion U.S. dollars
 Trade balance, percent of GDP 1.21 2022 percent
 Trade balance, in dollars 16.55 2022 billion U.S. dollars
 Reserves 92.91 2022 billion U.S. dollars
 Remittances, percent of GDP 0.30 2022 percent
 Remittances 4,268.41 2022 million U.S. dollars
 Net errors and omissions 6,561.31 2022 million USD
 Foreign exchange reserves 92.67 9/2023 billion
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