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Spain Tourism Hits €200.7 Billion in 2024, Matching 12.6% Share of GDP

New INE data confirm a full post‑pandemic recovery as jobs top 2.7 million and tourism demand grows faster than the wider economy.

Overview

  • INE’s tourism satellite account puts 2024 activity at €200,699 million, equal to 12.6% of GDP and 0.2 percentage points higher than in 2023.
  • Spain welcomed about 93.8–94 million international visitors in 2024, a record year with roughly €126 billion in spending, up 16% from 2023.
  • Tourism-related employment exceeded 2.7 million jobs in 2024, representing 12.3% of all employment and signaling productivity gains.
  • Inbound visitor spending accounted for 55.6% of domestic tourism consumption (€111.6 billion), while residents’ outbound spending reached €35.5 billion, yielding a €76.1 billion surplus.
  • Through October 2025, arrivals rose to 85.7 million (+3.5%) and spending climbed 7%, as industry groups forecast about €220 billion of activity and nearly 100 million visitors for the full year.