| Competition: | Primera División |
| Season: | 1932–33 |
| Winners: | Madrid FC (2nd title) |
| Relegated: | Alavés |
| League Topscorer: | Manuel Olivares (16 goals) |
| Biggest Home Win: | Racing Santander 9–0 Alavés |
| Biggest Away Win: | Betis 1–5 Athletic Bilbao Valencia 1–5 Athletic Bilbao |
| Matches: | 90 |
| Total Goals: | 400 |
| Longest Wins: | 6 matches Madrid FC |
| Longest Unbeaten: | 14 matches Madrid FC |
| Longest Winless: | 9 matches Betis |
| Longest Losses: | 6 matches Alavés |
| Prevseason: | 1931–32 |
| Nextseason: | 1933–34 |
The 1932–33 La Liga season began on 27 November 1932 and finished on 28 March 1933. Holders Madrid FC retained their title.
Betis became the first club from Andalusia to compete in La Liga during this season.
| Club | City | Stadium | |
|---|---|---|---|
| Mendizorroza | |||
| San Mamés | |||
| Les Corts | |||
| Patronato Obrero | |||
| Atocha | |||
| Sarriá | |||
| Chamartín | |||
| El Sardinero | |||
| Mestalla |
Note: this season there are no differences between La liga top scorers and the Pichichi Trophy winners.
| Rank | Goalscorers | Team | Goals |
|---|---|---|---|
| 1 |  Manuel Olivares | Madrid FC | 16 |
| 2 | Bata | Athletic Bilbao | 15 |
| 3 | José Iraragorri | Athletic Bilbao | 14 |
| Guillermo Gorostiza | Athletic Bilbao | ||
| 5 | Francisco Iriondo | Arenas | 13 |
| Luis Regueiro | Madrid FC | ||
| 7 | Juan Ramón | Barcelona | 12 |
| Santiago Urtizberea | Donostia | ||
| 9 | Victorio Unamuno | Athletic Bilbao | 11 |
| Ángel Arocha | Barcelona |