Europe

Spain
Last reviewed : 20 November 2009

Country information

Basic economic facts (all figures 2008 unless stated)

GDP: € 1,088 billion
GDP per head: (EU27=100, Year 2006) : 105
Sectors contribution to GDP:
- 2.3% Agriculture
- 13% Industry
- 10.4% Construction
- 63% Services
Annual growth: 0.9%
Inflation: 4.1 % (-0.7% in Q2 2009)
Unemployment: Following the economic crisis of 2008 unemployment in Spain has risen to 17.9 % in Q3 2009, with services and construction registering the heaviest job losses.
Major industries: agriculture, fishing, construction, wine, cement, chemicals, engineering, petroleum refining, forestry and timber, iron and steel automobiles, textiles, telecommunications
Major trading partners: EU, Latin America.
Net exporter of capital since 1999. Spain was the largest single investor in the UK in 2006.
Eighth largest economy in the world. Per capita income now higher than Italy