Spain and Switzerland
Spain and Switzerland combine trade, research, culture and community ties. Consular services and multilateral collaboration complement the economic relationship.
Analysis reviewed: 2026-10-08 · Indicators updated: 2026-10-08History and institutional framework
The Swiss profile highlights scientific and cultural exchanges and support for Spain's International Commission against the Death Penalty initiative.
Cooperation and bilateral issues
The profile reports 27,330 Swiss citizens in Spain at the end of 2024, an observation of nationality and residence, not tourism or population born in Switzerland.
Bilateral indicators
Blank cells: data unavailable.
| Indicator | Value | Period |
|---|---|---|
| Goods trade | ||
| Goods: Spain to Switzerland | ||
| Goods: Switzerland to Spain | ||
| Services trade | ||
| Export share: Spain to Switzerland | ||
| Export share: Switzerland to Spain | ||
| Investment stock: Spain in Switzerland | ||
| Investment stock: Switzerland in Spain | 18,900 M CHF | 2023 · FDFA |
Definitions and sources
Trade adds both directions. Shares refer to the country’s total goods exports; investment is an accumulated stock, not an annual flow. Every figure retains the currency and period of its source. BEA positions are historical-cost estimates based on the immediate counterpart, not market values or investment by ultimate owner. ‘More than’ indicates a lower bound, not an exact amount. A recorded stock does not establish new activity or authorisation to operate under sanctions.
- Investment stock: Switzerland in Spain
- 2023 · Swiss Federal Department of Foreign Affairs (FDFA) · Year-end direct investment position according to the FDFA profile, with reference to official Swiss statistics. CHF currency and country of origin are explicit; not an annual flow or announced commitment.
Country comparison
Period and source beside each figure · est. = estimate by the stated institution.
| Indicator | Spain | Switzerland |
|---|---|---|
| Nominal GDP | 1.91 trillion USD2025 · WB | 1.04 trillion USD2025 · WB |
| GDP per capita | 38,627.25 USD2025 · WB | 114,769.01 USD2025 · WB |
| GDP growth | 2.82 %2025 · WB | 1.3 %2025 · WB |
| Policy interest rate | 2.5 %2026-09-16 · BCE | |
| Inflation · annual average | 2.7 %Annual average · 2025 · WB | 0.15 %Annual average · 2025 · WB |
| Inflation · latest year-on-year figure | 4.9 %provisionalprovisionalYear-on-year · Sept. 2026 · INE | |
| Unemployment | 10.38 %ILO est.2025 · WB | 4.87 %ILO est.2025 · WB |
| Budget balance (% of GDP) | -2.5 %IMF est.2025 · IMF | 0.5 %IMF est.2025 · IMF |
| Gross public debt (% of GDP) | 100.4 %IMF est.2025 · IMF | 39.4 %IMF est.2025 · IMF |
| Current account balance (% of GDP) | 2.94 %2025 · WB | 6.98 %2025 · WB |
| Population | 49,355,1432025 · WB | 9,092,436World Bank est.2025 · WB |
| Area | 505,976 km²2023 · BM / FAO | 41,291 km²2023 · WB |
| Military expenditure | ||
| Military expenditure (% of GDP) |
Definitions, dates and sources
Blank cells are not zero. Average annual inflation and the latest year-on-year figure appear in separate rows: they are not the same measure. Every annual indicator retains its reference year; when the years differ, the figures are identified as not directly comparable. When a figure is unavailable from the World Bank, an annual IMF estimate is used and identified as such. The latest year-on-year figure is the latest official release verified as of 7 October 2026. This includes advance releases marked as provisional. Mexico may have a fortnightly figure before the full month is published; it is not automatically compared with a monthly figure. The publication date is retained in each source’s details; it does not replace the observation period or the annual average. Policy rates carry their own dates and represent different instruments. Spain and France share the ECB rate. Balances are positive for surpluses and negative for deficits. The IMF may use fiscal years; unemployment retains each source’s definition (ILO estimates, IMF WEO or PCBS), as stated in the details. For Palestine, debt and the fiscal balance cover central government and retain the PCBS definition; they are not presented as consolidated general government. These are economic magnitudes, not measures of relationship quality.
Area retains each source’s territorial coverage; it does not determine sovereignty or effective control. Canada uses an archived national geographic reference. Military expenditure retains the 2024 SIPRI sample distributed by the World Bank: the amount and percentage of GDP use that same definition, which differs from NATO’s. It is not an approved budget or a 2026 figure. Information from the Stockholm International Peace Research Institute (SIPRI). Military expenditure database · Terms of use0
Indicators reviewed: 2026-10-07. Each source retains its original access date; this review does not turn all the data into 2026 observations. Figures may be revised.
- Nominal GDP
- Current USDSpain: 2025 · World BankSwitzerland: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- GDP per capita
- Current USD per personSpain: 2025 · World BankSwitzerland: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- GDP growth
- Annual real change (%)Spain: 2025 · World BankSwitzerland: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- Policy interest rate
- Central bank instrument (%)Spain: 2026-09-16 · ECB deposit facility; shared euro-area rate · European Central Bank
- Inflation · annual average
- Average annual change in headline CPI (%)Spain: 2025 · Annual average change in CPI (%) · World BankSwitzerland: 2025 · Annual average CPI change (%) · World Bank · Official World Bank series. Observation year, not download date.
- Inflation · latest year-on-year figure
- Headline CPI relative to the same period of the previous year (%); monthly or fortnightly frequency statedSpain: 2026-09 · Change in headline CPI from the same month of the previous year (%) · Spain's National Statistics Institute (INE) · Published: 2026-09-29 · provisional · Provisional · Advance indicator of headline CPI; final results pending. Not HICP (5.0%) or core inflation (3.1%). Provisional data or an official advance release; subject to revision.
- Unemployment
- % of the labour force; definition used by the stated institutionSpain: 2025 · World Bank · ILO est.Switzerland: 2025 · ILO modelled estimate; percentage of the labour force · World Bank · ILO est. · Official World Bank series. Observation year, not download date.
- Budget balance
- General government (% of GDP)Spain: 2025 · IMF — World Economic Outlook · IMF est.Switzerland: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Gross public debt
- General government (% of GDP)Spain: 2025 · IMF — World Economic Outlook · IMF est.Switzerland: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Current account balance
- % of GDPSpain: 2025 · World BankSwitzerland: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- Population
- PeopleSpain: 2025 · World BankSwitzerland: 2025 · World Bank · WB est. · The World Bank indicates a population extrapolation; this is not a 2025 census count.
- Area
- Total area in km²; territorial coverage of the sourceSpain: 2023 · Total area, including inland waters; territorial coverage as defined by the source · World Bank · FAOSwitzerland: 2023 · World Bank · Official World Bank series. Observation year, not download date.
- Military expenditure
- Current USD per year; SIPRI series
- Military expenditure (% of GDP)
- Percentage of GDP; SIPRI definition, not NATO’s definition
Other data specific to this relationship
What they buy and sell
Documented selection, not an exhaustive list. Cells without a figure do not mean zero value; some products are identified without a verified amount.
Spain to Switzerland
| Product or sector | Value / share |
|---|---|
Switzerland to Spain
| Product or sector | Value / share |
|---|---|
Connections between people
The Swiss profile highlights scientific and cultural exchanges and support for Spain's International Commission against the Death Penalty initiative. The profile reports 27,330 Swiss citizens in Spain at the end of 2024, an observation of nationality and residence, not tourism or population born in Switzerland. [1]
Residents, study and travel
Blank cells: data unavailable. Each measure retains its definition and period.
| Indicator | Value | Period / source |
|---|---|---|
| Residents from Spain living in Switzerland | ||
| Residents from Switzerland living in SpainSwiss citizens resident in the partner country; definition from the FDFA profile. | 27,330 | 2024-12 · FDFA |
| Study and training: Spain in Switzerland | ||
| Study and training: Switzerland in Spain | ||
| Academic stays: Spain in Switzerland | ||
| Academic stays: Switzerland in Spain | ||
| Travel: Spain to Switzerland | ||
| Travel: Switzerland to Spain |
What each figure measures
Residents are counted by nationality and the coverage of the stated register, not as people born in the other country or as new arrivals in one year. PERE includes dual nationals and people born outside Spain. Study with OPT and stays carrying academic credit are different measures. Travel may include several visits by the same person; FRONTUR arrivals require an overnight stay, whereas the Canadian survey includes day visits. These figures are neither added together nor automatically compared across directions.
- Residents from Switzerland living in Spain
- Resident stock by nationality, not people born in the other country or arrivals during the year. The access date does not update the reference period. 2024-12 · FDFA
Mobility data added or reviewed: 2026-10-07. Reference periods may be earlier.
Underlying ties
History, institutions and long-standing issues.
History and institutional framework
The Swiss profile highlights scientific and cultural exchanges and support for Spain's International Commission against the Death Penalty initiative. Identified goods include medicines, chemicals, precious metals, machinery and agricultural products. [1]
The scale of both economies
Nominal GDP for Spain is 1,906.5 billion USD (2025), compared with 1,043.5 for Switzerland (2025). The reference populations are 49.36 and 9.09 million, respectively. In the same year, the economy of Spain was 1.83 times that of Switzerland in nominal GDP. The comparison provides context on market size, but does not, on its own, measure influence, well-being or diplomatic closeness. Estimates and their sources retain their labels in the tables. [2] [3] [4] [5]
Recent developments
Recent developments and latest available data · Review: 2026-10-08
Cooperation and bilateral issues
The profile reports 27,330 Swiss citizens in Spain at the end of 2024, an observation of nationality and residence, not tourism or population born in Switzerland. [1]
Direct investment position
Switzerland's direct investment position in Spain was 18,900 million CHF (2023). Year-end direct investment position according to the FDFA profile, with reference to official Swiss statistics. CHF currency and country of origin are explicit; not an annual flow or announced commitment. [1]
Documented mobility and communities
Residents from Switzerland in Spain: 27,330 (2024-12). Swiss citizens resident in the partner country; definition from the FDFA profile. Resident stock by nationality, not people born in the other country or arrivals during the year. The access date does not update the reference period. [1]
Sources and data
Periods and scope of the figures
Institutional sources and periods accompany each figure. Annual trade, investment positions, residents and visits are distinct measures. Empty cells do not mean zero. Statements of intent are not presented as project implementation or treaties in force.
- Bilateral relations — CHE-ESP
Swiss Federal Department of Foreign Affairs (FDFA) · Institutional source · Accessed: 2026-10-08
- Official statistics
World Bank · Institutional source · Accessed: 2026-09-17
- NY.GDP.MKTP.CD; ISO and reference year; no military dataset expansion
World Bank · Institutional source · Accessed: 2026-10-07
- Official statistics
World Bank · Institutional source · Accessed: 2026-10-06
- SP.POP.TOTL; ISO and reference year; no military dataset expansion
World Bank · Institutional source · Accessed: 2026-10-07