Most Spanish from Spain pronounce it GRRAATH-EE-ASS. PronunciationLatin Americans/Southern Spanish pronounce it gracias as GRRASS-EE-ASS. So the Hispanic thanks is literally 'graces' or 'lots of grace'. Gracia literally means grace, or gracefulness in Spanish. Muchas gracias which is thank you very much in Spanish.ĭe nada which means literally 'it's nothing' or