Attribute | Value |
---|---|
Geography | |
Area | 505,370 km² |
Continent | Europe |
Land area | 498,980 km² |
Water area | 6,390 km² |
Land boundaries | 1952.7 km |
Border countries |
|
Coastline | 4,964 km |
Mean elevation | 660 m |
Lowest point | 0 m |
Highest point | 3,718 m |
People | |
Population | 50,015,792 |
Official languages |
|
Religion | Roman Catholic |
Government | |
Long country name | Kingdom of Spain |
Short country name | Spain |
Long local name | Reino de Espana |
Short local name | Espana |
Former name | Add |
Government type | Parliamentary constitutional monarchy |
Capital | Madrid |
Economy | |
GDP (PPP) | 1,778,000,000,000 USD |
GDP (OER) | 1,314,000,000,000 USD |
GDP (real growth rate) | 3 % |
GDP - per capita (PPP) | 38,400 USD |
Gross national saving | 23 % of GDP |
Labor force | 22,750,000 |
Unemployment rate | 17.2 % |
Population below poverty line | 21.1 % |
Budget revenues | 498,100,000,000 USD |
Budget expenditures | 539,000,000,000 USD |
Military expenditures | 0.92 % of GDP |
Taxes and other revenues | 37.9 % of GDP |
Budget surplus or deficit | -3.1 % of GDP |
Public debt | 98.4 % of GDP |
Inflation rate | 2 % |
Central bank discount rate | 0.05 % |
Commercial bank prime lending rate | 2.03 % |
Stock of narrow money | 1,088,000,000,000 USD |
Stock of broad money | 1,088,000,000,000 USD |
Stock of domestic credit | 2,491,000,000,000 USD |
Market value of publicly traded shares | 787,200,000,000 USD |
Current account balance | 24,740,000,000 USD |
Exports | 313,700,000,000 USD |
Imports | 338,600,000,000 USD |
Reserves of foreign exchange and gold | 69,410,000,000 USD |
External debt | 2,094,000,000,000 USD |
National currency | euros |
National currency (code) | EUR |
National currency (symbol) | € |
National currency rate to USD | 0.885 |
Spain's powerful world empire of the 16th and 17th centuries ultimately yielded command of the seas to England. Subsequent failure to embrace the mercantile and industrial revolutions caused the country to fall behind Britain, France, and Germany in economic and political power. Spain remained neutral in World War I and II, but suffered through a devastating civil war (1936-39). A peaceful transition to democracy following the death of dictator Francisco FRANCO in 1975, and rapid economic modernization (Spain joined the EU in 1986) gave Spain a dynamic and rapidly growing economy, and made it a global champion of freedom and human rights. More recently, Spain has emerged from a severe economic recession that began in mid-2008, posting four straight years of GDP growth above the EU average. Unemployment has fallen, but remains high, especially among youth. Spain is the Eurozone's fourth largest economy. The country has faced increased domestic turmoil in recent years due to the independence movement in its restive Catalonia region.