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Spain's mixed capitalist economy is the 12th largest in the world, and its per capita income roughly matches that of Germany and France. However, after almost 15 years of above average GDP growth, the Spanish economy began to slow in late 2007 and entered into a recession in the second quarter of 2008. Spain's unemployment rate rose from a low of about 8% in 2007 to more than 19% in December 2009 and continues to rise. Its fiscal deficit worsened from 3.8% of GDP in 2008 to about 11% of GDP in 2009, more than three times the EMU limit. GDP contracted by 3.6% from 2008, ending a 16-year growth trend. The economy i...  More..

Economy of Spain
SOURCE: CIA - The World Factbook
Currency Euro
GDP (PPP) $1.368 trillion (2009 est.)
GDP (per capita) $33,700 (2009 est.)
Exports $215.7 billion (2009 est.)
Imports $293.2 billion (2009 est.)
Main Industries Textiles and Apparel (Including Footwear), Food and Beverages, Metals and Metal Manufactures, Chemicals, Shipbuilding, Automobiles, Machine Tools, Tourism, Clay and Refractory Products, Footwear, Pharmaceuticals, Medical Equipment
Exports - Commodities Machinery, Motor Vehicles; Foodstuffs, Pharmaceuticals, Medicines, Other Consumer Goods
Imports - Commodities Machinery and Equipment, Fuels, Chemicals, Semifinished Goods, Foodstuffs, Consumer Goods, Measuring and Medical Control Instruments
Exports Partners France 18.3%, Germany 10.6%, Portugal 8.7%, Italy 8%, UK 6.7%, US 4.2% (2008)
Imports Partners Germany 14.5%, France 11.1%, Italy 7.4%, China 6.2%, UK 4.5%, Netherlands 4.4% (2008)

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