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According to a recent report from Dealroom, the combined value of Spanish startups surpassed €100 billion in 2023, a 14% increase from 2022. They also raised €2.2 billion across 850+ funding ...
The Spanish economy minister responsible for its state-owned businesses, Carlos Cuerpo, met with Chancellor Rachel Reeves and Business Secretary Jonathan Reynolds in London last month.
Spanish Prime Minister Pedro Sanchez appointed a new foreign minister but retained his economy minister in a cabinet reshuffle on Saturday. Jose Manuel Albares was named foreign minister, while ...
Business and economy. Residents of Logroño, La Rioja, Spain, win the world's biggest lottery, the Spanish Christmas Lottery's El Gordo €2.7 billion prize. Disasters and accidents. 2024–25 South-West Indian Ocean cyclone season. The death toll from Cyclone Chido in Cabo Delgado, Mozambique, increases to 94. 2024 Gramado Piper PA-42 crash
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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.
One leading cause is an economy based mostly on tourism and building sectors, as well as lack of industry. The most industrialized region is Basque Country (where industry is around 20–25% of its GDP); its unemployment rate is 2.5 times lower than those of Andalusia and the Canary Islands (where industry is only 5–10% of their respective GDP).
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