Spain | Economy Benchmark
Download the full briefing for the complete analysis. Read a few key findings below.
Indicator performance & peer benchmark
Indicator insight - what the four indicator scores tell us about this economy
The Spain profile shows a highly balanced performance across the four indicators (spread of 4.8 points). Its strongest contribution comes from Academic Readiness (93.9, rank #10), while Future of Work is the relative weak spot (89.1, rank #12).
Economic conditions appear supportive, but skills and academic foundations need strengthening to convert that economic capacity into future-ready workforce outcomes.
Rival economy comparison
Peer positioning insight - comparison against regional and income-group cohorts
In its regional cohort (Europe & Central Asia), Spain ranks #4 of 37 eligible economies. Its Final Score of 91.7 compares to a regional median of 71.4 (+20.2 vs regional median).
In its income-group cohort (High-income countries), it ranks #8 of 47 eligible economies, with its Final Score +13.0 vs the income group median of 78.7.
The closest regional rival is Switzerland; the closest income-group rival is Switzerland.
Regional peers - Europe & Central Asia
closest 5 by Final Score within selected economy's region
Income-group peers - High-income countries
closest 5 by Final Score within selected economy's income group
Spain | Index Context & Diagnostic
Where this economy sits in the global Top 25 + index-level diagnostic insights
Strategic Narrative
Spain ranks ninth in the QS World Future Skills Index 2027 with a Final Score of 91.7. Their strong overall performance is built on high scoring supply metrics: Academic Readiness (93.9, rank 10), Skills Alignment (90.8, rank 10). The demand side is slightly weaker, with Future of Work readiness placing 12 and Economic Transformation placing 15. This results in one of the most balanced economies in the top 25, with a between-indicator gap of only 2.1, bested only by the US and Australia.
The defining tension is between excellent skills supply and a labour market that has historically struggled to absorb it: Spain still posts the EU27's highest unemployment rate (~10.8% Q1 2026), severe regional dispersion and elevated youth NEET, but the 2021 Labour Reform, LOSU and Royal Decree 905/2025 represents a coherent attempt to align higher education quality, employability and labour demand. Spain's strengths are concentrated in subject competitiveness, Best Student Cities presence (Madrid, Barcelona, Valencia) and high outward/inward student mobility: Spain welcomed over 170,000 Erasmus+ students in 2024.
Spain is a supply-rich economy, but its demand is still catching up. The binding indicator is Economic Transformation, particularly the absorption of high-skill graduates into productive, research-intensive firms. The 12 PERTE programmes (electric vehicles, semiconductors, green hydrogen, vanguard health) are the explicit policy bet that NGEU-funded industrial transformation can finally convert Spain's deep human capital into sustained productivity growth.
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Top Three Strengths

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