The Spanish government and central bank have raised the economic growth forecast for 2025.

Spanish Minister of Economy Carlos Cuerpo has stated that the GDP of Spain is expected to grow by 2.7% in 2025, higher than the previous expectation of 2.6%. The Bank of Spain also predicts that the country's economy will grow by 2.6%, an increase from the previous expectation of 2.4% in June, and higher than the Eurozone's 1.2% growth expectation. Since 2021, supported by household spending, the recovery of the tourism industry, and a decrease in energy prices, the Spanish economy has outperformed other major economies in Europe. However, despite an increase in domestic demand compared to three months ago, the Bank of Spain emphasizes that its baseline expectations are still influenced to some extent by multiple factors including the Euro exchange rate. In terms of inflation, the Bank of Spain has slightly raised its year-end inflation expectation to 2.5%, citing increases in energy and food prices as the main sources of inflation, while inflation in the service sector may be lower than expected. The bank predicts that the inflation rate in Spain will slow down to 1.7% in 2026.