Spanish economy

Self-regulation of the economy of the death of Franco in 1975, what is now the eighth largest economy (in nominal GDP) in the world are slowly beginning to grow and prosper. All the movements have been installed in France control of major infrastructure projects and tourism gradually opening up, and finally led to economic growth in the Paramount, also known as the "Spanish miracle," said. Democracy and a late start of the country, but Spain's economy, creativity, and in particular its citizens to help her recovery.

As a European Community member States, and now (EU) and in 1986 the economy of Spain had to make some improvements to its industrial base, with the economic legislation under review. With the funds from the European Development Fund, with the help of Spain has done a lot of work to improve its infrastructure, but also increased the gross domestic product, while reducing the gross domestic product and unemployment increased from 23-10% public debt, inflation rate below 3%.

With 400,000 population, gross domestic product of 1 dollar. 352 trillion in 2007, according to the CIA World Factbook, Spain is one of the first countries to adopt the euro, since 1999, average annual growth rate of more than 3%, help stabilize the situation in the country and prosperity. Spain's economy has undergone tremendous growth, 3. In 8 percent in 2007, services accounted for 67% of its economy, industry and agriculture 30% 3%.

However, Spain may be exposed to imminent problems because of its unemployment rate remains high, at 8. 6%, and may further increase the above-mentioned at the end of the year by 10%. The current challenge is rapid multiplication of population and declining birth rate.

In addition, common to other EU countries and the strong euro, exports are not outside the borders of the EU's competitiveness. But some things are offset by an increase in the area of trade, but because of this failure of growth, they can not, therefore, even if the problems.

Spain is also experiencing the world's largest trade deficit, the real estate market, there are also problems, and domestic demand. In addition, another important issue is the income from the EU structural funds. Along with Ireland, Spain is a beneficiary of EU funds to help upgrade its economy itself. With each pair of $ 30,000 per capita in the EU's poorest countries, these funds are re-distributed.

Tags: cia world factbook, community member states, Economy, France, Franco, growth, Ireland, Spain