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 (2019): France, Germany, and Italy
Top 3 Exported Goods (2019): Motor Vehicles & Parts, Industrial Machinery, and Oil & Mineral Fuels

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) $1,815,608,483,589 (2020)
GDP Growth Rate (annual %) -10.823% (2020)
GDP Per Capita, PPP (current international) $38,343 (2020)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 16/197 (2020)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) -0.323% (2020)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 47% (2019)
Real Interest Rate (5 year average %) 3.88% (2016)
Manufacturing, value added (% of GDP) 11.027% (2020)
Current Account Balance (BoP, current US$) $10,787,752,175 (2020)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 22,799,921 (2020)
Employment in Agriculture (% of total employment) 3.997% (2020)
Employment in Industry (% of total employment) 20.177% (2020)
Employment in Services (% of total employment) 75.826% (2020)
Unemployment Rate 15.67% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $373,524,398,137 (2020)
Exports of goods and services (current US$) $392,402,615,426 (2020)
Total Merchandise Trade (% of GDP) 49.318% (2020)
FDI, net inflows (BoP, current US$) $14,813,334,470 (2019)
Commercial Service Exports (current US$) $90,235,479,878 (2020)
Click on a row to display its 5-year graph on the right.

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.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment


  1. The World Bank