Real effective exchange rate (REER), Index (2010=100) Adjusted by in Spain

Spain: Real effective exchange rate (REER), Index (2010=100) Adjusted by was 87.61 in 2025. ▬ Flat

Latest (2025)
87.61
Change on year
up 3.9%
World rank
16th
of 24 countries
All-time high
105.93
in 2008
All-time low
79.07
in 2000
Years of data
36
1990–2025

Real effective exchange rate (REER), Index (2010=100) Adjusted by in Spain, 1990–2025

02550751001990200720251990: 88.11991: 89.91992: 91.31993: 84.51994: 80.51995: 81.11996: 83.31997: 82.11998: 81.71999: 79.62000: 79.12001: 80.12002: 81.92003: 86.82004: 90.12005: 93.22006: 96.12007: 101.52008: 105.92009: 104.72010: 1002011: 982012: 93.22013: 90.72014: 88.12015: 81.72016: 83.82017: 82.62018: 85.22019: 84.22020: 93.42021: 87.52022: 82.92023: 84.42024: 84.32025: 87.6

Source: International Monetary Fund.

Analysis

The most recent figure for real effective exchange rate (reer), index (2010=100) adjusted by in Spain is 87.61, measured in 2025.

The figure is up 3.9% on the previous year and up 7.2% over ten years.

Over the whole period, real effective exchange rate (reer), index (2010=100) adjusted by in Spain peaked at 105.93 in 2008 and was at its lowest, 79.07, in 2000.

Spain ranks 16th of 24 countries on this measure, in the middle of the range.

Real effective exchange rate (REER), Index (2010=100) Adjusted by in Spain, year by year

Annual values for Real effective exchange rate (REER), Index (2010=100) Adjusted by relative unit labor costs (advanced economies only) in Spain, 1990 to 2025.
Year Value Change
1990 88.08
1991 89.86 +2.0%
1992 91.34 +1.6%
1993 84.46 -7.5%
1994 80.51 -4.7%
1995 81.1 +0.7%
1996 83.34 +2.8%
1997 82.12 -1.5%
1998 81.75 -0.5%
1999 79.6 -2.6%
2000 79.07 -0.7%
2001 80.11 +1.3%
2002 81.95 +2.3%
2003 86.85 +6.0%
2004 90.14 +3.8%
2005 93.23 +3.4%
2006 96.1 +3.1%
2007 101.48 +5.6%
2008 105.93 +4.4%
2009 104.67 -1.2%
2010 100 -4.5%
2011 97.96 -2.0%
2012 93.18 -4.9%
2013 90.72 -2.6%
2014 88.11 -2.9%
2015 81.7 -7.3%
2016 83.81 +2.6%
2017 82.6 -1.5%
2018 85.25 +3.2%
2019 84.22 -1.2%
2020 93.36 +10.8%
2021 87.5 -6.3%
2022 82.89 -5.3%
2023 84.45 +1.9%
2024 84.33 -0.1%
2025 87.61 +3.9%

Averages by decade

DecadeAverage LowestHighest Years
1990s 84.22 79.6 91.34 10
2000s 91.95 79.07 105.93 10
2010s 88.75 81.7 100 10
2020s 86.69 82.89 93.36 6

Countries ranked near Spain

  1. 13 Denmark 96.34 compare
  2. 14 Singapore 90.99 compare
  3. 15 Australia 87.92 compare
  4. 17 France 84.21 compare
  5. 18 Norway 80.83 compare
  6. 19 Sweden 79.23 compare

See the full ranking of 25 places →

More work & labour data for Spain

All data for Spain →

Frequently asked questions

What is real effective exchange rate (reer), index (2010=100) adjusted by in Spain?
Real effective exchange rate (reer), index (2010=100) adjusted by in Spain was 87.61 in 2025, according to International Monetary Fund.
What is the highest real effective exchange rate (reer), index (2010=100) adjusted by recorded in Spain?
The highest recorded value was 105.93 in 2008.
What is the lowest real effective exchange rate (reer), index (2010=100) adjusted by recorded in Spain?
The lowest recorded value was 79.07 in 2000.
How does Spain rank for real effective exchange rate (reer), index (2010=100) adjusted by?
Spain ranks 16th out of 24 countries with data for 2025.
Is real effective exchange rate (reer), index (2010=100) adjusted by rising or falling in Spain?
Over the last ten years it is up 7.2%. The long-run trend across the full record is flat.
Where does this Spain data come from?
The figures come from International Monetary Fund, published as part of Real effective exchange rate (REER), Index (2010=100) Adjusted by relative unit labor costs (advanced economies only). Statizoid updates them automatically from the source API.

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Real effective exchange rate (REER), Index (2010=100) Adjusted by in Spain. Statizoid, drawing on International Monetary Fund. Retrieved 26 August 2026, from https://labour.statizoid.com/stat/real-effective-exchange-rate-reer-index-2010-100-adjusted-by-relative-unit-labor-costs/spain/

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About this data

Indicator
Real effective exchange rate (REER), Index (2010=100) Adjusted by relative unit labor costs (advanced economies only)
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
25 places, 900 data points, 1990–2025
Last refreshed

The Effective Exchange Rate (EER) dataset includes annual, quarterly and monthly nominal and real effective exchange rates by economy. Nominal effective exchange rates (NEERs) measure the value of a country's currency in relation to a weighted average of the currency values of their major trading partners. Real effective exchange rates (REERs) adjust the NEER to account for a country's inflation rate in relation to the weighted inflation rate of their major trading partners. The IMF publishes NEERs and REERs for approximately 90 IMF member countries that account for the vast share of global international trade. These statistics help policymakers and analysts assess the competitiveness of a country's exports, monitor currency trends, evaluate the impact of exchange rate changes on trade flows, and inform decisions regarding monetary policy, exchange rate management, and international trade. The EERs are calculated by IMF staff using exchange rate information, consumer price indexes received from national authorities and international trade weights. These weights are calculated as three-year averages of annual data available from official sources on trade, tourism and manufacturing collected from the United Nations (UN), Organization for Economic Co-operation and Development (OECD), World Bank, World Tourism Organization (UNWTO), United Nations Industrial Development Organization (UNIDO).