Stunning aerial view of Madrid's skyline with vibrant cityscape under a blue sky.A captivating aerial view of Madrid's historic rooftops with iconic architectural landmarks.Illuminated front facade of the Royal Palace in Madrid, Spain at night.Discover a quaint street in Madrid with classic architecture and a warm atmosphere.Captivating view of Madrid with the Royal Palace and Cathedral as highlights.

Spain

Europe Β· Southern Europe

Very High PeaceModerate Cost of Living
Very High DevelopmentFlawed Democracy
Population48.8M32nd
GDP / Capita$35KHigh
PPP / Capita$58KHigh
Gender Inequality0.059Very Low
Life Expectancy84 yrsVery High

Sunny, relaxed lifestyle β€” booming digital nomad scene, affordable outside major cities.

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Digital Nomad

Ideal destination

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Expat

Ideal destination

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Retiree

Ideal destination

At a Glance

62
HighSafety
58
ModerateCost of Living
93
Very HighQuality of Life
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Spain

Spain is a country of enormous regional diversity, from the Celtic landscapes of Galicia and the Pyrenean valleys of the Basque Country to the whitewashed villages of Andalusia and the Mediterranean richness of Catalonia. The culture is built around late hours, outdoor social life, extraordinary food and wine, and a pace of living that prioritises pleasure without apology. Those who can synchronise with Spanish time will find it one of the most enjoyable cultures in the world to simply inhabit.

  • Second most visited country in the world, after France.
  • Has the highest number of UNESCO World Heritage Sites in the EU.
  • Dinner before 9pm is considered antisocial in most of the country.
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Quick Facts

Capital

Madrid

Languages

Spanish, Catalan, Basque, Galician

Currency

€ EUR

Area

499,697 kmΒ²

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Nomad Hub

Fixed Broadband

277Mbps

Very Fast12th globally

Mobile

93Mbps

Fast50th globally
EnglishModerate
PlugType C/F

πŸ’»Digital Nomad Visa

Min. Income

$2,600/mo

Duration

12 months

Renewable

Yes

Application Fee

~$82

Application difficultyMedium
Tax treatmentSpecial/flat rate
Processing time~10 days
Health insuranceRequired
DependentsYes (+$190)
Apply onlineIn person / consulate
Path to residencyYes
Open to all nationalitiesRestricted

GDP / Capita

i

$35K

High

PPP / Capita

i

$58K

Very High

Inflation

i

2.8%

Low

Unemployment

i

10.4%

High

Innovation (GII)

i

44.6

Top 25%

GNI / Capita

i

$34K

High

Tax Revenue

i

14.9%

FDI Inflows

i

2.5%

Education Spend

i

4.6%

Cost of Living

i

51.6

Moderate

Price Level Index

i

26th pct

Moderate

20-Year Trend + IMF Forecast

Income & inflation over time

i
+34% nominal+11% real
$20K$40K$60K1%2%3%200520102015202020252027
GDPPPPInflationIMF forecast
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Neighbouring Countries