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The economy of Spain is a highly developed social market economy. [29] It is the world's 15th largest by nominal GDP and the sixth-largest in Europe. Spain is a member of the European Union and the eurozone, as well as the Organization for Economic Co-operation and Development and the World Trade Organization.
The 2008–2014 Spanish financial crisis, also known as the Great Recession in Spain[1][2] or the Great Spanish Depression, began in 2008 during the world 2007–2008 financial crisis. In 2012, it made Spain a late participant in the European sovereign debt crisis when the country was unable to bail out its financial sector and had to apply for ...
Nadia María Calviño Santamaría (Spanish pronunciation: [ˈnaðja kalˈβiɲo]; born 3 October 1968) is a Spanish economist and civil servant serving as the President of the European Investment Bank since January 2024. From June 2018 to December 2023, Calviño was part of the cabinets led by prime minister Pedro Sánchez, holding the office ...
This year appears to have marked a watershed for attitudes to tourism in Spain, with more protests planned. ... BBC News. October 25, 2024 at 5:07 PM ... is an economic model which is choking the ...
As of July 2024, the unemployment rate is at 11.27% of the labor force. [1] Unemployment rates in Spain rose sharply during the late 2000s and early 2010s. Unemployment was at 8% between 2006 and 2007. Starting in 2008, the Spanish economic crisis caused the rate to rise past 20% in 2010 and 25% in 2012.
Voters in Spain headed to the polls on Sunday to decide the fate of a general election which could see the country become the latest among European nations to drift to the right.. Such a shift ...
Ministry of Economy (Spain) The Ministry of Economy, Trade and Business (MINECO) is the department of the Government of Spain responsible for proposing and carrying out the government policy on economic affairs, through reforms to improve competitiveness and trade, focused on business support and the potential growth of the economy.
The Bank of Spain holds 9.1 million troy ounces of gold (around 283 tons) (2019), [4] which are stored in its own vaults and in various institutions in London and New York. [5] [6] According to IMF data, Spain ranks 20th among the 40 largest gold reserves in the world (as of July 2015). [7] [8] [9]