27, Mar 2015, EDT. Welcome to the Spain economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Spain › Change country
National or Regional Currency: Euro, EUR
Year of data: 2014 › Change year
Number of Indicators Listed: 42
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 47,737,941 (July 2014 est.)
Area: total: 505,370 sq km ; land: 498,980 sq km ; water: 6,390 sq km ; note: there are two autonomous cities - Ceuta and Melilla - and 17 autonomous communities including Balearic Islands and Canary Islands, and three small Spanish possessions off the coast of Morocco - Islas Chafarinas, Penon de Alhucemas, and Penon de Velez de la Gomera
Natural Resources: coal, lignite, iron ore, copper, lead, zinc, uranium, tungsten, mercury, pyrites, magnesite, fluorspar, gypsum, sepiolite, kaolin, potash, hydropower, arable land
Capital: name: Madrid ; geographic coordinates: 40 24 N, 3 41 W ; time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October ; note: Spain has two time zones including the Canary Islands
Spain experienced a prolonged recession in the wake of the global financial crisis. GDP contracted by 3.7% in 2009, ending a 16-year growth trend, and continued contracting through most of 2013. Economic growth resumed in late 2013, albeit only modestly, as credit contraction in the private sector, fiscal austerity, and high unemployment continued to weigh on domestic consumption and investment. Exports, however, have been resilient throughout the economic downturn, partially offsetting declines in domestic consumption and helped to bring Spain's current account into surplus in 2013 for the first time since 1986. The unemployment rate rose from a low of about 8% in 2007 to more than 26% in 2013, straining Spain's public finances as spending on social benefits increased while tax revenues fell. Spain’s budget deficit peaked at 11.4% of GDP in 2009. Spain gradually reduced the deficit to just under 7% of GDP in 2013, slightly above the 6.5% target negotiated between Spain and the EU. Public debt has increased substantially – from 60.1% of GDP in 2010 to 93.4% in 2013. Rising labor productivity, moderating labor costs, and lower inflation have helped to improve foreign investor interest in the economy and to reduce government borrowing costs. The government's ongoing efforts to implement reforms - labor, pension, health, tax, and education - are aimed at supporting investor sentiment. The government also has shored up struggling banks exposed to Spain's depressed domestic construction and real estate sectors by successfully completing an EU-funded restructuring and recapitalization program in December 2013.
More on the Spain Economy
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GDP (Constant Prices, National Currency) for Spain in year 2014 is EUR 1,028.14 Billion.
GDP (Current Prices, National Currency) for Spain in year 2014 is EUR 1,033.95 Billion.
GDP (Current Prices, US Dollars) for Spain in year 2014 is US$ 1,400.48 Billion.
GDP Deflator for Spain in year 2014 is 100.565 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Constant Prices, National Currency) for Spain in year 2014 is EUR 22,107.19 .
GDP Per Capita (Current Prices, National Currency) for Spain in year 2014 is EUR 22,232.13 .
GDP Per Capita (Current Prices, US Dollars) for Spain in year 2014 is US$ 30,113.31 .
GDP (PPP), US Dollars for Spain in year 2014 is US$ 1,533.59 Billion.
GDP Per Capita (PPP), US Dollars for Spain in year 2014 is US$ 32,975.38 .
Investment (% of GDP) for Spain in year 2014 is 18.012 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Spain in year 2014 is 120.966 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Spain in year 2014 is 121.657 (Index, Base Year 2000 = 100).
Employment for Spain in year 2014 is 17.248 Million .
Population for Spain in year 2014 is 46.507 Million .
General government revenue (National Currency) for Spain in year 2014 is EUR 394.55 Billions.
General government total expenditure (National Currency) for Spain in year 2014 is EUR 453.793 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Spain in year 2014 is EUR -59.243 Billions.
General Government Structural Balance (National Currency) for Spain in year 2014 is EUR -36.548 Billion.
Fiscal Year Gross Domestic Product, Current Prices for Spain in year 2014 is EUR 1,033.95 Billions.
Current Account Balance (US Dollars) for Spain in year 2014 is US$ 1.397 Billion.
|Number of Internet Users for Spain|
|Internet Penetration Rate for Spain|
|Number of Facebook Accounts for Spain|
|Facebook Penetration Rate for Spain|
|Corruption Perceptions Index Rank and Score for Spain|
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International