Spain Economics

Statistics of Spain’s Economic Measures:

1.     Spain’s GDP in 2013 was $1,358,687,000 which is a small improvement over Spain’s 2012 GDP of 2012 which was $1,323,214,000.

2.     Spain’s GDP per capita in 2013 was $29,150, an improvement over GDP per capita in 2012 which was $28,294.

3.     Life expectancy in Spain in 2013 was 79.0 years for men and 85.2 years for women with a total of 82.1 years

4.     In 2012, 21.1% of Spaniards lived below the poverty line.

5.     Literacy rates in Spain are 98.5% for males, 97% for females, and 97.7% total.

6.     The unemployment rate of Spain, as of October 2013, is 26.7%

7.     The inflation rate in Spain in March 2014 was -0.20%. From 1955 to 2014 the average inflation rate in Spain has been 7.18% with an all-time high of 28.43% in August of 1977 and an all-time low of -1.37% July 2009.

Spain’s resources:

1.     Spain’s natural resources include: coal, lignite, iron ore, uranium, mercury, pyrites, fluorspar, gypsum, zinc, lead, tungsten, copper, kaolin, potash, hydropower, arable land, and more. Spain’s climate varies throughout the country. The climate is generally considered to be Mediterranean, with dry, warm summers and cool, mild and somewhat wet winters. There are several mountain ranges throughout the country that offer a different climate from the norm as well as several coasts with varying temperatures. This diverse climate that is found in Spain allows for a large variety of different plants, animals, minerals, and other resources to be found throughout the country. Rainfall usually occurs during the winter and the climate makes it so that there is a variety of agricultural land for anything from strawberries to olives. The two main rivers in Spain are the Tagus River and the Guadalquivir and both are used extensively for transport of materials, recreation, energy, and more. Spain is also one of the most mineralized territories in Western Europe with massive deposits of sulfide, mercury, celestite, zinc, precious metals, pyrites, and other minerals.

2.     The total labor force in Spain was measured at 3232545.63 in 2010. The labor force consists of 43.1% female and 46.9% male. The labor force with a primary education is 44.5% with a female/male distribution of 38.7% and 48.9% respectively. The education system in Spain from the ages of 6-16 is supported completely by each regional government. The total enrollment in Spain is 5,917,074 with 2,479,631 in primary education, 1,871,430 in secondary education, and 1,566,013 in Post secondary. 45.4% of Spaniards have a secondary diploma and 38.1% have a post-secondary diploma.

3.   Spain’s GDP can be broken down into these percentages by sector: Agriculture (2.3%), energy (2.3%), industry (11.7%), construction (10.0%), services (66.6%). The main industries in Spain are: Tourism; factories such as textiles, shoes and clothing, food and drinks, machinery cars, chemicals and equipment; farming; fishing; and mining. With an economy based widely on tourism, the global economy and the climate/environment are very important for Spain’s economic success. Spain also has successful mining and agricultural sectors with large mercury mines and olive and orange plantations that help keep the economy thriving.