Spain: Economy
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
High Income |
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developed |
Economic Trivia | Spain is the second biggest foreign investor in Latin America. |
Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2017): France, Germany, and Italy |
Top Industries Source: CIA World Factbook | Textiles and Apparel (Including Footwear); Food and Beverages; Metals and Metal Manufactures; Chemicals |
Gross Domestic Product (GDP) [1]
GDP, PPP (current international) | $1,769,637,042,996 (2017) |
GDP Growth Rate (annual %) | 3.052% (2017) |
GDP Per Capita, PPP (current international) | $37,998 (2017) |
GDP Country Rank 16/195 (2017)
Economic Indicators [1]
Inflation, consumer prices (annual %) | 1.956% (2017) |
External debt stocks, total (DOD, current US$) | Data unavailable |
Total tax rate (% of commercial profits) | 46.9% (2017) |
Real Interest Rate (5 year average %) | 3.88% (2016) |
Manufacturing, value added (% of GDP) | 13.064% (2017) |
Current Account Balance (BoP, current US$) | $25,621,508,715 (2017) |
Labor and Employment [1]
Labor Force, Total | 22,966,950 (2017) |
Employment in Agriculture (% of total employment) | 4.139% (2017) |
Employment in Industry (% of total employment) | 19.497% (2017) |
Employment in Services (% of total employment) | 76.364% (2017) |
Unemployment Rate | 17.22% (2017) |
Trade [1]
Imports of goods and services (current US$) | $412,096,081,537 (2017) |
Exports of goods and services (current US$) | $447,065,757,201 (2017) |
Total Merchandise Trade (% of GDP) | 51.181% (2017) |
FDI, net inflows (BoP, current US$) | $4,306,585,066 (2017) |
Commercial Service Exports (current US$) | $139,204,967,617 (2017) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Spain’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.