Economic assessments for invasive alien species (IAS) are an urgent requirement for informed decision-making, coordinating and motivating the allocation of economic and human resources for the management of IAS. We searched for economic costs of IAS occurring in Spain, by using the InvaCost database and requesting data to regional governments and national authorities, which resulted in over 3,000 cost entries. Considering only robust data (i.e. excluding extrapolated, potential (not-incurred or expected) and low reliability costs), economic costs in Spain were estimated at US$ 261 million (€ 232 million) from 1997 to 2022. There was an increase from US$ 4 million per year before 2000 to US$ 15 million per year in the last years (from € 4 to 13 million). Robust data showed that most reported costs of IAS in Spain (> 90%) corresponded to management costs, while damage costs were only found for 2 out of the 174 species with reported costs. Economic costs relied mostly on regional and inter-regional administrations that spent 66% of costs in post-invasion management actions, contrary to all international guidelines, which recommend investing more in prevention. Regional administrations unequally reported costs. Moreover, 36% of the invasive species, reported to incur management costs, were not included in national or European regulations (i.e. Black Lists), suggesting the need to review these policies; besides, neighbouring regions seem to manage different groups of species. We suggest the need of a national lead agency to effectively coordinate actions, facilitate communication and collaboration amongst regional governments, national agencies and neighbouring countries. This will motivate the continuity of long-lasting management actions and the increase in efforts to report IAS costs by regional and inter-regional managers which will adequately provide information for future budgets gaining management effectiveness.