Abstract. In other leading Western democracies, the effects of economic voting are well-established. However, for Spain, a strong scholarly current argues against economic voting in that nation. Unfortunately, these various studies are limited, because they are based on incomplete survey cross-sections, which use individual subjective measures of the economy. We employ a full survey pool (of eight elections, 1982–2008), to examine the effects of two national economic measures (one objective and one subjective). In a carefully specified, and estimated, general voting model, the impact of economic conditions, variously measured, reveals itself to be statistically and substantively significant. After all, national economic voting in Spain appears to operate much as it does elsewhere.