Spain’s service sector recorded a 9.7% increase in revenue in 2024, reaching €842.05 billion, according to the National Institute of Statistics (INE). Employment in the sector rose 3.9% from the previous year, with more than 8.7 million workers. Madrid contributed the largest share of revenue, accounting for 33.4% of total earnings, followed by Catalonia at 19.5%. Other key indicators showed a rise in purchases of goods and services by 8.4%, added value at cost of factors by 11.2%, and personnel expenses by 9.5%. The data reflects the ongoing expansion of non‑financial services across Spain. The figures are part of the annual structural business statistics released by INE. This report is part of INE’s ongoing monitoring of Spain’s economy.
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